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Reforming the Power Sector in Transition: Do Institutions Matter?

Author

Listed:
  • Rabindra Nepal

    (Department of Economics, Heriot-Watt University)

  • Tooraj Jamasb

    (Department of Economics, Heriot-Watt University)

Abstract

This paper quantitatively explores high-level links between power sector reforms and wider institutional reforms in the economy for a set of 27 diverse countries in rapid political and economic transition since 1990. Panel-data econometrics based on bias corrected dynamic fixed effect analysis (LSDVC) is performed to assess the impact of reforms on macroeconomic and power sector outcomes. The results indicate that power sector reform is indeed a more complicated process than initially perceived. The results also show that power sector reform is greatly inter-dependent with reforms in other sectors in the economy. We conclude that the success of power sector reforms on outcomes in developing countries will largely depend on the extent in which countries are able to synchronize inter-sector reforms in the economy.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Rabindra Nepal & Tooraj Jamasb, 2011. "Reforming the Power Sector in Transition: Do Institutions Matter?," Working Papers EPRG 1109, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg1109
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    More about this item

    Keywords

    Power sector; institutions; reforms; transition economies;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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