气候变化领域集成服务门户(CCPortal): Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis

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DOI	10.1016/j.enpol.2020.111522
	Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis
	Bigerna S.; D'Errico M.C.; Polinori P.
发表日期	2020
ISSN	03014215
卷号	142
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
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
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204571
作者单位	University of Perugia, Economics Department, Italy
推荐引用方式 GB/T 7714	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],2020,142.
APA	Bigerna S.,D'Errico M.C.,&Polinori P..(2020).Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis.Energy Policy,142.
MLA	Bigerna S.,et al."Heterogeneous impacts of regulatory policy stringency on the EU electricity Industry:A Bayesian shrinkage dynamic analysis".Energy Policy 142(2020).