Reforming the Power Sector in Transition: Do Institutions Matter?

Rabindra Nepal*, Tooraj Jamasb

*Corresponding author af dette arbejde

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Abstrakt

This paper aims to investigate the often poorly explored link between power sector 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 power sector outcomes. The results indicate that power sector 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 power sector reform measures being ineffective. We conclude that the success of power sector reforms in developing countries largely depend on the extent to which they synchronize inter-sector reforms in the economy.
OriginalsprogEngelsk
TidsskriftEnergy Economics
Vol/bind34
Udgave nummer5
Sider (fra-til)1675-1682
Antal sider8
ISSN0140-9883
DOI
StatusUdgivet - 2012
Udgivet eksterntJa

Emneord

  • Power sector
  • Institutions
  • Reforms
  • Transition economies

Citationsformater