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Reforming the power sector in transition: Do institutions matter?

Journal Article


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Abstract


  • This paper aims to investigate the often poorly explored link between power sector reforms and wider institutional reforms in the economy across different groups of transition countries. We use panel-data econometrics based on bias corrected dynamic fixed effect analysis (LSDVC) to assess the impact of reforms on macroeconomic and power sector outcomes. The results indicate that power sector reform is highly inter-dependent with wider reforms in other sectors of the economy. The findings indicate that failure to harmonize inter-sector reforms leads to power sector reform measures being ineffective. We conclude that the success of power sector reforms in developing countries largely depend on the extent to which they synchronize inter-sector reforms in the economy.

Publication Date


  • 2012

Citation


  • Nepal, R. & Jamasb, T. (2012). Reforming the power sector in transition: Do institutions matter?. Energy Economics, 34 (5), 1675-1682.

Scopus Eid


  • 2-s2.0-84864799162

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2712&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1681

Number Of Pages


  • 7

Start Page


  • 1675

End Page


  • 1682

Volume


  • 34

Issue


  • 5

Place Of Publication


  • Netherlands

Abstract


  • This paper aims to investigate the often poorly explored link between power sector reforms and wider institutional reforms in the economy across different groups of transition countries. We use panel-data econometrics based on bias corrected dynamic fixed effect analysis (LSDVC) to assess the impact of reforms on macroeconomic and power sector outcomes. The results indicate that power sector reform is highly inter-dependent with wider reforms in other sectors of the economy. The findings indicate that failure to harmonize inter-sector reforms leads to power sector reform measures being ineffective. We conclude that the success of power sector reforms in developing countries largely depend on the extent to which they synchronize inter-sector reforms in the economy.

Publication Date


  • 2012

Citation


  • Nepal, R. & Jamasb, T. (2012). Reforming the power sector in transition: Do institutions matter?. Energy Economics, 34 (5), 1675-1682.

Scopus Eid


  • 2-s2.0-84864799162

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2712&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1681

Number Of Pages


  • 7

Start Page


  • 1675

End Page


  • 1682

Volume


  • 34

Issue


  • 5

Place Of Publication


  • Netherlands