Reforming the power sector in transition: Do institutions matter?

Rabindra Nepal, Tooraj Jamasb

    Research output: Contribution to journalArticlepeer-review

    38 Citations (Scopus)

    Abstract

    This paper aims to investigate the often poorly explored link between powersector reforms and wider institutional reforms in the economy across different groups of transition countries. We use panel-data econometrics based on bias corrected dynamic fixed effect analysis (LSDVC) to assess the impact of reforms on macroeconomic and powersector outcomes. The results indicate that powersector reform is highly inter-dependent with wider reforms in other sectors of the economy. The findings indicate that failure to harmonize inter-sector reforms leads to powersector reform measures being ineffective. We conclude that the success of powersector reforms in developing countries largely depend on the extent to which they synchronize inter-sector reforms in the economy.

    Original languageEnglish
    Pages (from-to)1675-1682
    Number of pages8
    JournalEnergy Economics
    Volume34
    Issue number5
    Early online date14 Feb 2012
    DOIs
    Publication statusPublished - Sep 2012

    Keywords

    • Power sector
    • Institutions
    • Reforms
    • Transition economies

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