Structural reform of the electricity industry and economic growth |
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| Authors: | Fumitoshi Mizutani Tomoyasu Tanaka Noriyoshi Nakayama Shuji Uranishi |
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| Affiliation: | 1. Graduate School of Business Administration, Kobe University , Kobe, Japan toshi@kobe-u.ac.jp;3. Faculty of Business Administration, Kindai University , Higashi-Osaka, Japan;4. Graduate School of Economics, Nagoya City University , Nagoya, Japan;5. Graduate School of Economics, Osaka City University , Osaka, Japan |
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| Abstract: | Using 782 panel data from 34 OECD countries from 1991 to 2013, this study aims to evaluate how structural reform affects GDP growth rate. We use the Barro-type GDP growth rate regression model and apply both fixed and random effect models. Eight structural reform variables are selected: (i) third party access, (ii) wholesale market dummy, (iii) choice of supplier, (iv) private ownership, (v) generation-others separation, (vi) transmission-others separation, (vii) distribution-others separation and (viii) overall vertical separation. Major finding results are as follows: (i) third party access can positively contribute to GDP growth rate, (ii) wholesale market and overall vertical separation might have a small negative effect, and (iii) other variables have no significant effect. |
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| Keywords: | Vertical separation electricity industry reform competition GDP growth rate |
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