Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.06.032 |
Have regulatory reforms improved the efficiency levels of the Japanese electricity distribution sector? A cost metafrontier-based analysis | |
Li, Hong-Zhou1; Kopsakangas-Savolainen, Maria2,3; Xiao, Xing-Zhi1; Lau, Sim-Yee4 | |
2017-09-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 108 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Finland; Japan |
英文摘要 | In order to identify the kinds of impacts that Japanese regulatory reforms in the electric power industry have had on the efficiency levels of the electrical distribution sector, the present study assembles a dataset which spans both pre- and post-regulation periods. Further, to make the estimated efficiency scores from the two sub periods comparable, the study applies metafrontier frameworks proposed by O'Donnell et al. (2008) and Huang et al. (2014) to the cost function in the longitudinal setting. Estimates from both methods show that the average efficiency score of the electrical distribution sector during the whole sample period is relatively low. Further, findings also demonstrate that the efficiency levels after the regulatory reforms are lower than those before the regulatory reforms. To this surprising and unexpected phenomenon, we argue that cross-subsidization may be one reason for this kind of changing pattern in efficiency levels. In order to deal with the relatively low efficiency problem, we also suggest that Japanese regulators should introduce more incentive-based regulatory tools to replace the current rate-of-return regulation. |
英文关键词 | Japanese electrical distribution sector Metafrontier technique Regulatory reform Efficiency analysis Cross-subsidization |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000406725800056 |
WOS关键词 | STOCHASTIC FRONTIER MODELS ; INDUSTRY ; PRODUCTIVITY ; TECHNOLOGY ; BENCHMARKING ; PERFORMANCE ; GENERATION ; COUNTRIES ; UK |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18472 |
专题 | 气候变化 |
作者单位 | 1.Dongbei Univ Finance & Econ, Ctr Ind & Business Org, Dalian, Peoples R China; 2.Univ Oulu, Thule Inst, Martti Ahtisaari Inst Global Business & Econ, Finnish Environm Inst, Oulu, Finland; 3.Univ Oulu, Dept Econ, Oulu, Finland; 4.Reitaku Univ, Fac Econ & Business Adm, Kashiwa, Chiba, Japan |
推荐引用方式 GB/T 7714 | Li, Hong-Zhou,Kopsakangas-Savolainen, Maria,Xiao, Xing-Zhi,et al. Have regulatory reforms improved the efficiency levels of the Japanese electricity distribution sector? A cost metafrontier-based analysis[J]. ENERGY POLICY,2017,108. |
APA | Li, Hong-Zhou,Kopsakangas-Savolainen, Maria,Xiao, Xing-Zhi,&Lau, Sim-Yee.(2017).Have regulatory reforms improved the efficiency levels of the Japanese electricity distribution sector? A cost metafrontier-based analysis.ENERGY POLICY,108. |
MLA | Li, Hong-Zhou,et al."Have regulatory reforms improved the efficiency levels of the Japanese electricity distribution sector? A cost metafrontier-based analysis".ENERGY POLICY 108(2017). |
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