What is it about?
This study evaluates how structural reform affects GDP growth rate by using 782 panel data from 34 OECD countries from 1991 to 2013. 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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Why is it important?
This study makes three contributions. First and foremost, it evaluates the effects of structural reforms in the electricity industry on GDP growth rate. As far as we know, almost no previous research has dealt with this issue. Second, from a policy-making point of view, this study answers the question of what kind of reform (e.g. the introduction of a wholesale market, third party access, vertical separation and so on) affects GDP growth rate. Last, the empirical model found in this study is constructed based on theory.
Read the Original
This page is a summary of: Structural reform of the electricity industry and economic growth, Journal of Economic Policy Reform, July 2018, Taylor & Francis, DOI: 10.1080/17487870.2018.1469985.
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