How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models

Many countries have undertaken market-oriented reforms of the power sector over the past four decades. However, the literature has not investigated whether the reforms have contributed to economic development. This study aims to assess the potentia...

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Main Authors:	Timilsina, Govinda, Pang, Jun, Yang, Xi
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	POWER SECTOR REFORM MACROECONOMIC IMPACT CGE MODEL ELECTRICITY ENERGY SECTOR PLANNING
Online Access:	http://documents.worldbank.org/curated/en/864811561120531299/How-Much-Would-China-Gain-from-Power-Sector-Reforms-An-Analysis-Using-TIMES-and-CGE-Models http://hdl.handle.net/10986/31973

id	okr-10986-31973
recordtype	oai_dc
spelling	okr-10986-319732022-03-06T12:16:02Z How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models Timilsina, Govinda Pang, Jun Yang, Xi POWER SECTOR REFORM MACROECONOMIC IMPACT CGE MODEL ELECTRICITY ENERGY SECTOR PLANNING Many countries have undertaken market-oriented reforms of the power sector over the past four decades. However, the literature has not investigated whether the reforms have contributed to economic development. This study aims to assess the potential macroeconomic impacts of an element of the power sector reform process that China started in 2015. It uses an energy sector TIMES model and a computable general equilibrium model. The study finds that the price of electricity in China would be around 20 percent lower than the country is likely to experience in 2020, if the country follows the market principle to operate the power system. The reduction in the price of electricity would spill over throughout the economy, resulting in an increase in gross domestic product of more than 1 percent in 2020. It would also increase household income, economic welfare, and international trade. 2019-06-26T19:18:33Z 2019-06-26T19:18:33Z 2019-06 Working Paper http://documents.worldbank.org/curated/en/864811561120531299/How-Much-Would-China-Gain-from-Power-Sector-Reforms-An-Analysis-Using-TIMES-and-CGE-Models http://hdl.handle.net/10986/31973 English Policy Research Working Paper;No. 8908 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POWER SECTOR REFORM MACROECONOMIC IMPACT CGE MODEL ELECTRICITY ENERGY SECTOR PLANNING
spellingShingle	POWER SECTOR REFORM MACROECONOMIC IMPACT CGE MODEL ELECTRICITY ENERGY SECTOR PLANNING Timilsina, Govinda Pang, Jun Yang, Xi How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
geographic_facet	East Asia and Pacific China
relation	Policy Research Working Paper;No. 8908
description	Many countries have undertaken market-oriented reforms of the power sector over the past four decades. However, the literature has not investigated whether the reforms have contributed to economic development. This study aims to assess the potential macroeconomic impacts of an element of the power sector reform process that China started in 2015. It uses an energy sector TIMES model and a computable general equilibrium model. The study finds that the price of electricity in China would be around 20 percent lower than the country is likely to experience in 2020, if the country follows the market principle to operate the power system. The reduction in the price of electricity would spill over throughout the economy, resulting in an increase in gross domestic product of more than 1 percent in 2020. It would also increase household income, economic welfare, and international trade.
format	Working Paper
author	Timilsina, Govinda Pang, Jun Yang, Xi
author_facet	Timilsina, Govinda Pang, Jun Yang, Xi
author_sort	Timilsina, Govinda
title	How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
title_short	How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
title_full	How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
title_fullStr	How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
title_full_unstemmed	How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models
title_sort	how much would china gain from power sector reforms? an analysis using times and cge models
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/864811561120531299/How-Much-Would-China-Gain-from-Power-Sector-Reforms-An-Analysis-Using-TIMES-and-CGE-Models http://hdl.handle.net/10986/31973
_version_	1764475494185566208

How Much Would China Gain from Power Sector Reforms? An Analysis Using TIMES and CGE Models

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