Energy Market Regulations and Productivity: An Examination on OECD Countriesbetween the Years of 1975-2007
Küçük Resim Yok
Tarih
2016
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Dergi Başlığı
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Cilt Başlığı
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Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
1980'li yıllarda birkaç ülkede başlayan enerji piyasalarındaki serbestleşme, özellikle 2000'li yıllara gelindiğinde pek çok ülkede yaygınlaşmıştır. Bu bağlamda politika uygulayıcılar için sektörel düzenlemelerin ekonomiyi nasıl etkilediği önemli bir nokta olmaktadır. Çalışmada 1975-2007 yılları arasında OECD ülkeleri enerji piyasalarındaki rekabet karşıtı düzenlemelerin toplam faktör üretkenliği üzerindeki etkisi incelenmiştir. OECD'nin veri tabanından alınan düzenleme etkisi göstergesi kullanılarak sektörel rekabet karşıtı düzenlemelerin etkilerinin göz önünde bulundurulması amaçlanmıştır. Dengesiz panel veri kullanılarak yapılan ekonometrik tahminlerde enerjiyi içeren Cobb-Douglas tipi üretim fonksiyonu tanımlanmış ve toplam faktör üretkenliği bu doğrultuda üretim fonksiyonunun artıkları olarak hesaplanmıştır. Analiz sonucunda enerji piyasasında yapılan düzenlemelerin, rekabeti engelleyici olması durumunda toplam faktör üretkenliğini negatif yönde etkilediği belirlenmiştir
Regulations in energy markets that began in a number of countries in 1980s has become more widespread in many countries especially in 2000s. In this context, the fact that how the sectorial regulations affect the economy has become an important point in the name of policy implementers. Within the scope of this study, the effect of anti-competitive regulations in energy markets of OECD countries between the years of 1975 - 2007 on total factor productivity was examined. It is aimed to evaluate effects of sectorial anti-competitive regulation by the use of regulation impact indicator that has been taken from the data base of OECD. In econometric estimations, which were performed by using unbalanced panel data, Cobb-Douglas type of production function that includes energy was characterized and total factor productivity was calculated as residuals of production function in this direction. In consequence of the analysis, it is stated that in case when the regulations in energy market are anti-competitive, they affect total factor productivity in a negative direction
Regulations in energy markets that began in a number of countries in 1980s has become more widespread in many countries especially in 2000s. In this context, the fact that how the sectorial regulations affect the economy has become an important point in the name of policy implementers. Within the scope of this study, the effect of anti-competitive regulations in energy markets of OECD countries between the years of 1975 - 2007 on total factor productivity was examined. It is aimed to evaluate effects of sectorial anti-competitive regulation by the use of regulation impact indicator that has been taken from the data base of OECD. In econometric estimations, which were performed by using unbalanced panel data, Cobb-Douglas type of production function that includes energy was characterized and total factor productivity was calculated as residuals of production function in this direction. In consequence of the analysis, it is stated that in case when the regulations in energy market are anti-competitive, they affect total factor productivity in a negative direction
Açıklama
Anahtar Kelimeler
İktisat, İşletme
Kaynak
Sosyoekonomi
WoS Q Değeri
Scopus Q Değeri
Cilt
24
Sayı
27
