Determinants of the Efficiency of Electricity Generation in Latin America and Caribbean Countries Using a Cragg’s Regression Model
Measuring and understanding the evolution of the electricity generation efficiency sector is a relevant task for policymakers. This study focuses on assessing the determinants of electricitygeneration efficiency across 24 countries in Latin America and the Caribbean between 2000 and 2020. A hurdle m...
| Autores: | , , |
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| Formato: | artículo |
| Fecha de publicación: | 2023 |
| País: | España |
| Recursos: | Universidad de Castilla-La Mancha |
| Repositorio: | RUIdeRA. Repositorio Institucional de la UCLM |
| OAI Identifier: | oai:ruidera.uclm.es:10578/39988 |
| Acesso em linha: | https://hdl.handle.net/10578/39988 |
| Access Level: | acceso abierto |
| Palavra-chave: | Data envelopment analysis Efficiency Power generation |
| Resumo: | Measuring and understanding the evolution of the electricity generation efficiency sector is a relevant task for policymakers. This study focuses on assessing the determinants of electricitygeneration efficiency across 24 countries in Latin America and the Caribbean between 2000 and 2020. A hurdle model was employed to account for the censored nature of the dependent variable.The findings show a positive impact of opening up the electricity sector in fully efficient countries. Market liberalization and the involvement of privately owned power plants contribute to efficiencygains in inefficient countries. Additionally, the tariff protectionism level exhibits positive effects for completely efficient and inefficient countries. These results provide valuable insights, as less-efficientcountries can glean strategies from their more efficient counterparts to enhance their electricity generation efficiency. |
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