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題名 Resource misallocation and the development of hydropower industry
作者 李文傑
Lee, Wen-Chieh
Wu, Xiuqin;Zhao, Jinsong;Zhang, Dayong;Yu, Chin-Hsien
貢獻者 經濟系
關鍵詞 Hydropower; Resource misallocation; Market segmentation; Energy saving power dispatch approach policy
日期 2022-01
上傳時間 27-十二月-2022 10:34:00 (UTC+8)
摘要 This paper analyzes the issue of improving total factor productivity (TFP) in the hydropower industry from the perspective of resource allocation and the role of market segmentation. Specifically, we decompose the loss of TFP into capital distortion and output distortion, finding that the potential production improvement of the southwestern region is higher than that in eastern and mid-southern China, which further indicating that hydropower plants in the hydro-endowed region face more severe input distortions. Meanwhile, small hydropower plants face more severe output distortions than medium and large plants. We apply the difference-in-differences approach to further examine the effect of market segmentation on aggregate productivity. The results show that market segmentation aggravates the input distortions of hydropower plants, and China’s Energy Saving Power Dispatch Approach policy has significant heterogeneous effects on mitigating the input distortions. Our detailed micro-level analysis sheds lights on the investigation of policy design in the renewable sector and the implications found can potentially be extended to other countries.
關聯 Applied Energy, Vol.306, Part.A, 118024
資料類型 article
DOI https://doi.org/10.1016/j.apenergy.2021.118024
dc.contributor 經濟系
dc.creator (作者) 李文傑
dc.creator (作者) Lee, Wen-Chieh
dc.creator (作者) Wu, Xiuqin;Zhao, Jinsong;Zhang, Dayong;Yu, Chin-Hsien
dc.date (日期) 2022-01
dc.date.accessioned 27-十二月-2022 10:34:00 (UTC+8)-
dc.date.available 27-十二月-2022 10:34:00 (UTC+8)-
dc.date.issued (上傳時間) 27-十二月-2022 10:34:00 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/142848-
dc.description.abstract (摘要) This paper analyzes the issue of improving total factor productivity (TFP) in the hydropower industry from the perspective of resource allocation and the role of market segmentation. Specifically, we decompose the loss of TFP into capital distortion and output distortion, finding that the potential production improvement of the southwestern region is higher than that in eastern and mid-southern China, which further indicating that hydropower plants in the hydro-endowed region face more severe input distortions. Meanwhile, small hydropower plants face more severe output distortions than medium and large plants. We apply the difference-in-differences approach to further examine the effect of market segmentation on aggregate productivity. The results show that market segmentation aggravates the input distortions of hydropower plants, and China’s Energy Saving Power Dispatch Approach policy has significant heterogeneous effects on mitigating the input distortions. Our detailed micro-level analysis sheds lights on the investigation of policy design in the renewable sector and the implications found can potentially be extended to other countries.
dc.format.extent 110 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Applied Energy, Vol.306, Part.A, 118024
dc.subject (關鍵詞) Hydropower; Resource misallocation; Market segmentation; Energy saving power dispatch approach policy
dc.title (題名) Resource misallocation and the development of hydropower industry
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.apenergy.2021.118024
dc.doi.uri (DOI) https://doi.org/10.1016/j.apenergy.2021.118024