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Have model, will reform: assessing the outcomes of electricity reforms in non-OECD Asia

Sen, A, Nepal, R ORCID: 0000-0001-9378-6206 and Jamasb, T 2018 , 'Have model, will reform: assessing the outcomes of electricity reforms in non-OECD Asia' , The Energy Journal, vol. 39, no. 4 , pp. 181-209 , doi: 10.5547/01956574.39.4.asen.

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Abstract

Non-OECD Asian economies comprise about 34% of world primary energy demand, 60% of population and 65% of the world’s poor, and will account for morethan 60% of the total increase in energy consumption between 2015 and 2040. Energy sector reforms in non-OECD Asia are thus significant for global energy use,sustainability and socio-economic welfare. The region has experienced a slow anddifficult reform path and after more than two decades of reform efforts it is time totake stock of their outcomes. Using a novel dataset assembled for this purpose forthe period 1990–2013 for 17 non-OECD Asian countries, we apply instrumentalvariables regression techniques to several electricity sector reform outcome models. We find that the standard reform model has had limited benefits, largely dueto sectoral heterogeneity and institutional endowments. We also show empiricalevidence of the theoretical trade-offs between technical efficiency, economic andwelfare objectives of reforms. The results call for rethinking of the effectivenessof reforms and awareness of the effects of key reform steps on different outcomes.This is useful for balancing the trade-offs among competing reform objectives.

Item Type: Article
Authors/Creators:Sen, A and Nepal, R and Jamasb, T
Keywords: market liberalisation, electricity restructuring, development, welfare
Journal or Publication Title: The Energy Journal
Publisher: Int Assoc Energy Economics
ISSN: 0195-6574
DOI / ID Number: 10.5547/01956574.39.4.asen
Copyright Information:

Copyright 2018 IAEE

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