Externalities, efficiency, regulation, and productivity growth in the U.S. electric utility industry

Autor:	Gerald Granderson
Rok vydání:	2006
Předmět:	Microeconomics Economics and Econometrics Economics Production (economics) Partial productivity Productivity model Business and International Management Agricultural productivity Productivity Total factor productivity Social Sciences (miscellaneous) Technical change Economies of scale
Zdroj:	Journal of Productivity Analysis. 26:269-287
ISSN:	1573-0441 0895-562X
DOI:	10.1007/s11123-006-0019-1
Popis:	This paper examines the decomposition of total factor productivity growth for firms subject to regulation, given the production of a bad output. The production of good and bad outputs provides benefits and costs to society. Corporate socially responsible firms recognize the cost to society of producing the bad output. The paper separates the production technology and regulation effects from both the scale and technical change components. The paper also examines the measurement and decomposition of productivity growth when not accounting for production of the bad output. Using a 1992–2000 panel of 34 U.S. investor-owned electric utilities, results indicate that improvements in the scale, efficiency change, and technical change components contributed to positive growth. Not accounting for production of the bad output led to, on average, an overestimation of both the rate of productivity growth, and the contributions of scale economies and technical change to changes in productivity growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6635117c7df509ab8debd362adb38beb https://doi.org/10.1007/s11123-006-0019-1 Zobrazit plný text záznamu Plný text ve formátu PDF