EconPapers    
Economics at your fingertips  
 

Structural reforms and productivity in the electricity generation sector

Philipp R. Steinbrunner

Journal of Environmental Economics and Policy, 2021, vol. 10, issue 4, 446-467

Abstract: The European electricity industry has witnessed substantial restructuring over the last decades, aiming to introduce competitive and efficient electricity markets. This study sheds light on the effects of vertical disintegration and privatization on the productivity of European electricity generators. Using a data set of firms, incorporated in 17 European countries, from 2006 to 2013, I estimate the effect of structural reforms, considering their endogeneity, on technical efficiency derived from production instead of cost functions. This study, therefore, fills the academic void of the effects of structural reforms on productivity. Furthermore, I control for weather conditions, being a novelty with respect to the previous literature. The overall results show that vertical separation significantly decreases productivity of electricity generators by 8–14%, depending on the production function chosen. Besides, privatization results in efficiency gains, thereby providing policy lessons on the implementation of structural reforms.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/21606544.2021.1921040 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:teepxx:v:10:y:2021:i:4:p:446-467

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/teep20

DOI: 10.1080/21606544.2021.1921040

Access Statistics for this article

Journal of Environmental Economics and Policy is currently edited by Ken Willis

More articles in Journal of Environmental Economics and Policy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:teepxx:v:10:y:2021:i:4:p:446-467