Disentangling liberalization and privatization policies: Is there a political trade-off?

Belloc, Filippo; Nicita, António; Sepe, Simone M.

doi:10.1016/j.jce.2013.11.003

Cited by 36 publications

(27 citation statements)

References 41 publications

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“…4 In turn, for a given level of income per capita, a lower level of inequality implies a richer median voter and thus greater support for ambitious policies, as recent theoretical and empirical studies have shown. 5 In sum, whether the increasing willingness to pay for cleaner energy has been more important than the liberalization process in explaining the rapid adoption of REPs remains an unresolved issue that we attempt to address in the following.…”

Section: Drivers Of Renewable Energy Policiesmentioning

confidence: 99%

Energy market liberalization and renewable energy policies in OECD countries

2019

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Within the IEB framework, the Chair of Energy Sustainability promotes research into the production, supply and use of the energy needed to maintain social welfare and development, placing special emphasis on economic, environmental and social aspects. There are three main research areas of interest within the program: energy sustainability, competition and consumers, and energy firms. The energy sustainability research area covers topics as energy efficiency, CO2 capture and storage, R+D in energy, green certificate markets, smart grids and meters, green energy and biofuels. The competition and consumers area is oriented to research on wholesale markets, retail markets, regulation, competition and consumers. The research area on energy firms is devoted to the analysis of business strategies, social and corporative responsibility, and industrial organization. Disseminating research outputs to a broad audience is an important objective of the program, whose results must be relevant both at national and international level.ABSTRACT: We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy.Using regulation in other industries as instruments, we find that energy liberalization increases the public support to renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is fully driven by reductions in entry barriers, while the effect of privatization is negative. Finally, our results are robust to dynamic specifications and various policy indicators.JEL Codes: Q42, Q48, D72, O38

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Section: Drivers Of Renewable Energy Policiesmentioning

confidence: 99%

Energy market liberalization and renewable energy policies in OECD countries

2019

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Section: Drivers Of Renewable Energy Policiesmentioning

confidence: 99%

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Vona¹,

Nicolli

2014

SSRN Journal

116

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Within the IEB framework, the Chair of Energy Sustainability promotes research into the production, supply and use of the energy needed to maintain social welfare and development, placing special emphasis on economic, environmental and social aspects. There are three main research areas of interest within the program: energy sustainability, competition and consumers, and energy firms. The energy sustainability research area covers topics as energy efficiency, CO2 capture and storage, R+D in energy, green certificate markets, smart grids and meters, green energy and biofuels. The competition and consumers area is oriented to research on wholesale markets, retail markets, regulation, competition and consumers. The research area on energy firms is devoted to the analysis of business strategies, social and corporative responsibility, and industrial organization. Disseminating research outputs to a broad audience is an important objective of the program, whose results must be relevant both at national and international level.The Chair of Energy Sustainability of the University of Barcelona-IEB is funded by the following enterprises ACS, CEPSA, CLH, Enagas, Endesa, FCC Energia, HC Energia, Gas Natural Fenosa, and Repsol) through FUNSEAM (Foundation for Energy and Environmental Sustainability). The IEB working papers represent ongoing research that is circulated to encourage discussion and has not undergone a peer review process. Any opinions expressed here are those of the author(s) and not those of IEB. Documents de Treball de l'IEB 2014/18 ENERGY MARKET LIBERALIZATION AND RENEWABLE ENERGY POLICIES IN OECD COUNTRIESFrancesco Vona, Francesco Nicolli ABSTRACT: We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases the public support to renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is fully driven by reductions in entry barriers, while the effect of privatization is negative. Finally, our results are robust to dynamic specifications and various policy indicators.JEL Codes: Q42, Q48, D72, O38

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“… BALANCE is the General Government Deficit (% GDP), which was obtained from the OECD (), and it is defined as the fiscal position of government after accounting for capital expenditures (positive values means surplus; negative values means deficit). FDI refers to the foreign direct investment, which shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors (% GDP). It is a representation of the openness or globalisation of the economy, which may favour the investment of foreign investors and facilitate the sale of SOEs (Debab, ; Belloc et al ., ). This is a way to represent the international influences suggested by Obinger et al .…”

Section: Methodsmentioning

confidence: 97%

The role of governance in privatisation reforms: A European analysis

Miguel

Cuadrado‐Ballesteros

2018

Scottish J Political Eco

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This study analyses the role of regulatory and institutional context, denoted as governance, on privatisation reforms. Governance is represented by the Worldwide Governance Indicators and privatisation data are provided by the Privatization Barometer project. We found empirical evidence on a sample of 22 European countries over the period 2002-2013, through estimating several econometric equations that control endogeneity. Our findings suggest that privatisation is shaped by the quality of regulation and institutions. More specifically, privatisation reforms in modern Europe tend to be more relevant when governance quality is reduced, while results suggest the contrary effect in the case of transitional economies.

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Disentangling liberalization and privatization policies: Is there a political trade-off?

Cited by 36 publications

References 41 publications

Energy market liberalization and renewable energy policies in OECD countries

Energy market liberalization and renewable energy policies in OECD countries

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

The role of governance in privatisation reforms: A European analysis

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