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Please use this identifier to cite or link to this item: http://dspace.lib.cranfield.ac.uk/handle/1826/4101

Document Type: Article
Title: Electricity sector reform in developing countries: an econometric assessment of the effects of privatisation, competition and regulation
Authors: Zhang, Yin-Fang
Parker, David
Kirkpatrick, Colin
Issue Date: Apr-2008
Citation: Yin-Fang Zhang, David Parker and Colin Kirkpatrick. Electricity sector reform in developing countries: an econometric assessment of the effects of privatisation, competition and regulation. Journal of Regulatory Economics. Volume 33, Number 2, April, 2008, Pages 159-178
Abstract: Over the last two decades electricity sectors in both developed and developing countries have been subject to restructuring to introduce private capital and increase competition. Although the effects of such reforms in a number of the developed economies are now well documented, apart from a few case studies the experience of developing countries is much less well researched. This paper provides an econometric assessment of the effects of privatisation, competition and regulation on the performance of the electricity generation industry using panel data for 36 developing and transitional countries, over the period 1985 to 2003. The study identifies the impact of these reforms on generating capacity, electricity generated, labour productivity in the generating sector and capacity utilisation. The main conclusions are that on their own privatisation and regulation do not lead to obvious gains in economic performance, though there are some positive interaction effects. By contrast, introducing competition does seem to be effective in stimulating performance improvements.
URI: http://dx.doi.org/10.1007/s11149-007-9039-7
http://hdl.handle.net/1826/4101
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