Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America?
The authors bring new empirical evidence on the impact of the choice of ownership and regulatory regime on firms' productivity and prices paid by consumers. They collect the evidence from a sample of electricity distribution companies in Latin...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/10/5215591/consumers-benefited-reforms-electricity-distribution-sector-latin-america http://hdl.handle.net/10986/14230 |
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okr-10986-142302021-04-23T14:03:21Z Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? Estache, Antonio Rossi, Martin AGRICULTURAL ECONOMICS CONSUMER PRICE INDEX CONSUMERS DEREGULATION DEVELOPING COUNTRIES ECONOMETRIC MODEL ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC BEHAVIOUR ECONOMICS EFFICIENCY LEVELS ELASTICITIES ELECTRICITY ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENDOGENEITY EXPENDITURES GNP GNP PER CAPITA HORIZONTAL INTEGRATION HOUSEHOLDS INEFFICIENCY LABOR PRODUCTIVITY MONOPOLIES NOISE OUTPUTS PRICE CHANGES PRICE LEVELS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SECTOR PUBLIC UTILITY REGULATION PURCHASING POWER REGULATORY FRAMEWORK REGULATORY REGIMES RENTS TAX TAX REVENUE TECHNICAL CHANGE TELECOMMUNICATIONS UTILITIES The authors bring new empirical evidence on the impact of the choice of ownership and regulatory regime on firms' productivity and prices paid by consumers. They collect the evidence from a sample of electricity distribution companies in Latin America. The authors rely on estimations of labor and operation and maintenance (O&M) input requirement functions using alternative econometric approaches. Their main conclusions are: 1) Private firms perform better (approximately 30 percent) than public firms. 2) The regulatory regimes matter, so that price-cap regulated firms do better than rate-of-return regulated firms, and firms regulated under hybrid regimes have intermediate performance. 3) Private firms operating under rate of return are at most as efficient as public firms. 4) There is no clear pattern of differences in electricity prices according to the regulatory regime. 5) Final prices fell in general but the drop did not match the productivity gains, implying that the operators and the state share some of the gains in the form of rents and higher tax revenue, respectively. 2013-06-27T13:52:52Z 2013-06-27T13:52:52Z 2004-10 http://documents.worldbank.org/curated/en/2004/10/5215591/consumers-benefited-reforms-electricity-distribution-sector-latin-america http://hdl.handle.net/10986/14230 English en_US Policy Research Working Paper;No.3420 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL ECONOMICS CONSUMER PRICE INDEX CONSUMERS DEREGULATION DEVELOPING COUNTRIES ECONOMETRIC MODEL ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC BEHAVIOUR ECONOMICS EFFICIENCY LEVELS ELASTICITIES ELECTRICITY ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENDOGENEITY EXPENDITURES GNP GNP PER CAPITA HORIZONTAL INTEGRATION HOUSEHOLDS INEFFICIENCY LABOR PRODUCTIVITY MONOPOLIES NOISE OUTPUTS PRICE CHANGES PRICE LEVELS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SECTOR PUBLIC UTILITY REGULATION PURCHASING POWER REGULATORY FRAMEWORK REGULATORY REGIMES RENTS TAX TAX REVENUE TECHNICAL CHANGE TELECOMMUNICATIONS UTILITIES |
| spellingShingle |
AGRICULTURAL ECONOMICS CONSUMER PRICE INDEX CONSUMERS DEREGULATION DEVELOPING COUNTRIES ECONOMETRIC MODEL ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC BEHAVIOUR ECONOMICS EFFICIENCY LEVELS ELASTICITIES ELECTRICITY ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENDOGENEITY EXPENDITURES GNP GNP PER CAPITA HORIZONTAL INTEGRATION HOUSEHOLDS INEFFICIENCY LABOR PRODUCTIVITY MONOPOLIES NOISE OUTPUTS PRICE CHANGES PRICE LEVELS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCERS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC SECTOR PUBLIC UTILITY REGULATION PURCHASING POWER REGULATORY FRAMEWORK REGULATORY REGIMES RENTS TAX TAX REVENUE TECHNICAL CHANGE TELECOMMUNICATIONS UTILITIES Estache, Antonio Rossi, Martin Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| geographic_facet |
Latin America & Caribbean |
| relation |
Policy Research Working Paper;No.3420 |
| description |
The authors bring new empirical evidence
on the impact of the choice of ownership and regulatory
regime on firms' productivity and prices paid by
consumers. They collect the evidence from a sample of
electricity distribution companies in Latin America. The
authors rely on estimations of labor and operation and
maintenance (O&M) input requirement functions using
alternative econometric approaches. Their main conclusions
are: 1) Private firms perform better (approximately 30
percent) than public firms. 2) The regulatory regimes
matter, so that price-cap regulated firms do better than
rate-of-return regulated firms, and firms regulated under
hybrid regimes have intermediate performance. 3) Private
firms operating under rate of return are at most as
efficient as public firms. 4) There is no clear pattern of
differences in electricity prices according to the
regulatory regime. 5) Final prices fell in general but the
drop did not match the productivity gains, implying that the
operators and the state share some of the gains in the form
of rents and higher tax revenue, respectively. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Estache, Antonio Rossi, Martin |
| author_facet |
Estache, Antonio Rossi, Martin |
| author_sort |
Estache, Antonio |
| title |
Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| title_short |
Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| title_full |
Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| title_fullStr |
Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| title_full_unstemmed |
Have Consumers Benefited from the Reforms in the Electricity Distribution Sector in Latin America? |
| title_sort |
have consumers benefited from the reforms in the electricity distribution sector in latin america? |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/10/5215591/consumers-benefited-reforms-electricity-distribution-sector-latin-america http://hdl.handle.net/10986/14230 |
| _version_ |
1764430797013516288 |