Electricity Sector Performance: A Panel Threshold Analysis
用面板门槛模型分析30个OECD国家1975-2013年数据，发现有效的监管改革能提高电力产能利用率和劳动生产率，但经济自由化程度高的国家中经济自由不再影响电力绩效。
This paper introduces a panel threshold model to empirically estimate the main drivers of electricity performance. The empirical analysis is based on a panel data set including 30 OECD countries over the period 1975-2013. We argue that effective regulatory reforms have positive interaction with the electricity generated leading to a higher capacity utilization and an increase in the level of labor productivity of the sector. The threshold analysis suggests that for already economically liberalised countries the level of economic freedom does not affect electricity generation and subsequently the level of electricity performance. Finally, the results do not drastically change when the Renewable Energy Sources (RES) are taken into account.