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Institutional efficiency and utility reform performance: An evidence from electricity performance in South & East Asia

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  • Hao, Wu
  • Abbas, Qaiser
  • Ahmad, Ishtiaq
  • Alharthi, Majed
  • Hanif, Imran
  • Taghizadeh-Hesary, Farhad

Abstract

Electricity is one of the primary consumer utilities, while its efficiency is always questionable. This study investigated institutional efficiency with reforms to enhance electricity performance in South and East Asian countries. For this purpose, the study used a panel dataset of eight South and East Asian countries from 1995 to 2018. A two-stage least square and Bayesian Vector Autoregression (VAR) test was applied to estimate the results. According to the results, a fragile institutional framework is an essential factor that snubs the positive influence of any electricity reforms in the region. The findings also show that improvement in economic growth and the utilization of renewable energy rather than fossil fuels are significant factors that can improve institutional efficiency and ultimately highlight the positive role of electricity reforms. This study highlights possible reforms in electricity sectors, and institutional (direct or indirect) efficiency could be an essential factor in designing a policy framework to enhance the region’s electricity performance.

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  • Hao, Wu & Abbas, Qaiser & Ahmad, Ishtiaq & Alharthi, Majed & Hanif, Imran & Taghizadeh-Hesary, Farhad, 2021. "Institutional efficiency and utility reform performance: An evidence from electricity performance in South & East Asia," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 549-561.
    • Handle: RePEc:eee:ecanpo:v:72:y:2021:i:c:p:549-561
    DOI: 10.1016/j.eap.2021.09.013
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    2. Ayyildiz, Ertugrul, 2022. "Fermatean fuzzy step-wise Weight Assessment Ratio Analysis (SWARA) and its application to prioritizing indicators to achieve sustainable development goal-7," Renewable Energy, Elsevier, vol. 193(C), pages 136-148.
    3. Farhad Taghizadeh-Hesary & Ehsan Rasoulinezhad & Han Phoumin, 2022. "Ways to achieve universal access to sustainable electricity in Southeast Asia," Economic Change and Restructuring, Springer, vol. 55(4), pages 2031-2050, November.

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