globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111522
论文题名:
Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis
作者: Bigerna S.; D'Errico M.C.; Polinori P.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 142
语种: 英语
中文关键词: Bayes estimator ; Electricity sector ; Market and environmental regulation ; Total factor productivity growth ; Undesirable output
英文关键词: Commerce ; Electric industry ; Energy efficiency ; Greenhouse gases ; Productivity ; Shrinkage ; Electricity industry ; Estimation strategies ; European Union countries ; Greenhouse gas reductions ; Regulatory policies ; Shrinkage estimator ; Technical efficiency ; Transmission channels ; Environmental regulations ; Bayesian analysis ; dynamic analysis ; electricity generation ; energy policy ; European Union ; regulatory framework ; technical efficiency ; Europe
英文摘要: Environmental and technical efficiency in the electricity sector is a major focus of regulatory policies aimed at hastening greenhouse gas reduction and lowering energy prices for final consumers. Understanding the impact of market and environmental regulations on efficiency is crucial for the design and choice of policy packages. At the national level, the productivity response to regulations depends on unobserved country-specific factors that current empirical analyses have not modelled. In this framework, we analyse the regulation effects on efficiency in the electricity sector for a panel of European Union countries. We explicitly consider the effects of the environmental regulation along with the market regulation. Our estimation strategy uses the Bayesian shrinkage estimator, which can deal with the bias aggregation problem and cross-country heterogeneity. It allows us to identify the different transmission channels through which regulatory policy is implemented. The results highlight divergent behaviours at the country level. The direct impacts of the market and environmental regulatory policies on productivity are negative—around −2.7% and −2.3%, respectively—but the countries vary in the degree to which they are able to compensate these negative effects. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167035
Appears in Collections:气候变化与战略

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作者单位: University of Perugia, Economics Department, Italy

Recommended Citation:
Bigerna S.,D'Errico M.C.,Polinori P.. Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis[J]. Energy Policy,2020-01-01,142
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