Structural change in the Australian electricity industry during the 1990s and the effect on household income distribution: A macro–micro approach |
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| Institution: | 1. Centre of Policy Studies, Building 11E, Monash University, Clayton, Victoria 3800, Australia;2. Productivity Commission, Locked Bag 2, Collins St East, Melbourne, Victoria 8003, Australia;1. School of Social Development and Public Policy, Fudan University, Shanghai 200433, PR China;2. Center for International Climate and Environmental Research-Oslo (CICERO), P.O. Box 1129 Blindern, 0318 Oslo, Norway;1. Department of Laboratory Medicine and Clinical Epidemiology for Prevention of Noncommunicable Diseases, Niigata University Graduate School of Medical and Dental Sciences, 757, Ichibancho, Asahimachidori, Chuo ku, Niigata City 951-8510, Japan;2. Department of Clinical Pharmacology, Faculty of Pharmaceutical Sciences, Niigata University of Pharmacy and Applied Life Sciences, 265-1, Higashijima, Akiha ku, Niigata 956-8603, Japan;3. Department of Orthopedics and Rehabilitation, Penn State College of Medicine, 500 University Drive, Hershey, PA 17033, USA;4. Department of Clinical Pharmacy, College of Pharmacy, King Khalid University, Abha, Saudi Arabia;5. Faculty of Allied Health Sciences, Niigata University of Rehabilitation, 2-16, Kaminoyama, Murakami, Niigata 958-0053, Japan;6. National Institute of Pharmaceutical Education and Research, Chuilal Bhawan, 168 Manicktala Main Road, Kolkata 700054, West Bengal, India;1. Wang Yanan Institute for Studies in Economics, MOE Key Lab of Econometrics, Xiamen University, Xiamen, Fujian 361005, China;2. Fujian Key Lab of Statistical Sciences, Xiamen University, Xiamen, Fujian 361005, China;3. Department of Finance, School of Economics, Xiamen University, Fujian 361005, China |
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| Abstract: | The Australian electricity industry experienced significant structural change during the 1990s mainly as a result of microeconomic reform. We analyse the effects of the structural change on the distribution of household income using a macro–micro approach. Our work shows that, nationwide, all income deciles experience higher real incomes in the order of 2%. Our results show that a previously state-owned monopoly industry can experience significant structural change while generating significant improvements in household real income without leading to significantly adverse impacts on national or regional income inequality. It suggests that policy makers in advanced economies should seriously consider such reforms given that they may generate large economic benefits with rather small economic costs. |
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