The deregulation of Japan's electricity industry

Hosoe, Nobuhiro

doi:10.1016/j.japwor.2004.07.002

Cited by 26 publications

(23 citation statements)

References 4 publications

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“…Cutting off state intervention through subsidies implies the adoption of market policies that introduce competitiveness between sectors. Models on topics such as deregulation (Hosoe, 2004) and privatisation (Chisari & Ferro, 2005) observe the same result on account of changes in the regulatory framework after subsidies are cut.…”

Section: Impact On Productionmentioning

confidence: 78%

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Hardened Budget Constraints in Romania: An Approach by CGE Modeling

Sandu-Loisel

2007

Post-Communist Economies

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This study estimates the effects of hardened budget constraints on the Romanian economy and tests a market price-based policy by removing state subsidies. As most subsidies are granted to and through the energy sector, the analysis focuses on energy issues. A general equilibrium approach is used for the empirical application. The results fit the theory and show that removing subsidies contributes to eliminating distortions: energy intensity declines, the Gini coefficient drops and general welfare improves. The main effects of applying a cost recovery policy are the improvement of agents' self-financing capacity and of their investment structure. Surprisingly, production cost falls in all sectors, since cross-subsidies are removed.

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Section: Impact On Productionmentioning

confidence: 78%

“…In the balance with the rest of the world, the external debt is fixed and the equilibrating variable is the exchange rate. The current account deficit is kept constant in order to neutralise the impact of the current account deficit on domestic welfare (Hosoe, 2004).…”

Section: Basic Assumptionsmentioning

confidence: 99%

Hardened Budget Constraints in Romania: An Approach by CGE Modeling

Sandu-Loisel

2007

Post-Communist Economies

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“…The partial equilibrium analysis and input-output models are commonly used. Hosoe [41], Akkemi [42], Li et al [43] and Chi et al [44] applied a CGE model to analyze the impacts of power market reform and policies.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic Impacts of Power Shortage

Huang

Yao

2016

Sustainability

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Abstract:The electricity industry is a basic industry of the national economy. It has experienced several large-scale power shortages, hard power shortage and soft power shortage, which have brought a great threat to China's sustainable economic development. To solve this problem better, it is necessary to make a quantitative assessment of the economic impacts of power shortage. The CGE model is commonly used for simulating economic shocks and policy effects. It describes supply, demand and equilibrium in different markets by simulating the economic mechanism through a set of equations. Once changed, the exogenous variables will affect a certain part of the system and then the whole system, leading to changes in quantities and prices. The equilibrium state will also change from one to another. A static CGE model is built in this paper, and the Social Accounting Matrix (SAM) of eight sectors of China in 2007 is compiled, in order to simulate the economic impacts of hard power shortage and soft power shortage. Simulation results show that the negative effects of power shortage on economic development are very significant, and the effects vary in different sectors. Especially, under the background of hard power shortage, the industrial sector suffers most. The economic cost of power shortage is considerable, and the main reason for it is the specific administrative pricing system in China. The low electricity price in the long term will lead to insufficient construction and hard power shortage; moreover, that in the short run would result in soft power shortage. In order to solve the problem of power shortage completely, power system reform is inevitable.

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“…In this context, value added on capital and labor is allocated into the two sectors proportionally to their total line lengths, as obtained from Statistics of Electricity Power in Korea (Goto and Tsutsui, 2008) or separated lines as high and low voltage power lines (Hjalmarsson and Veiderpass, 1992) (KEPCO, 2010). In terms of intermediate transactions among electricity-related sectors, the method proposed by Hosoe (2006) and Akkemik and Oguz (2011) was used, as shown in Fig A static CGE model of the small open Korean economy was built based on the SAM. Therefore, production technology in the distribution sector can be formulated using a simple form of the unit cost function, as follows: is the unit price of value-added composite, which is used as a production input in the distribution sector.…”

Section: Korean Small Economy Cge Modelmentioning

confidence: 99%