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Productivity growth and price regulation of Slovenian water distribution utilities

机译：斯洛文尼亚自来水公司的生产率增长和价格调节

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摘要

This paper aims to analyse the price regulation method and performance of the water industry in Slovenia. A stochastic cost frontier model is employed to estimate and decompose the total factor productivity (TFP) growth of water distribution utilities in the 1997-2003 period. The main goal is to find out whether the lack of proper incentives to improve performance has resulted in the low TFP growth of Slovenian water distribution utilities. The evidence suggests that cost inefficiencies are present in water utilities, which indicates considerable cost saving potential in the analysed industry. Technical change is found to have positively affected the TFP growth over time, while cost inefficiency levels remained essentially unchanged. Overall, the average annual TFP growth in the analysed period is estimated to be only slightly above zero, which is a relatively poor result. This can largely be contributed to the present institutional and regulatory setting that does not stimulate utilities to improve productivity. Therefore, the introduction of an independent regulatory agency and an incentive-based price regulation scheme should be seriously considered in order to enhance the performance of Slovenian water distribution utilities.
机译：本文旨在分析斯洛文尼亚水行业的价格调节方法和绩效。随机成本前沿模型用于估算和分解1997年至2003年期间配水公司的全要素生产率（TFP）增长。主要目标是确定缺乏适当的激励措施来改善绩效，是否导致斯洛文尼亚供水公司的全要素生产率低增长。证据表明自来水公司存在成本效率低下的现象，这表明在所分析的行业中可节省大量成本。随着时间的推移，发现技术变革已对TFP的增长产生了积极影响，而成本低效水平则基本保持不变。总体而言，在分析期间，TFP的年均增长估计仅略高于零，这是一个相对较差的结果。这在很大程度上可以促进目前的制度和法规环境，而不会刺激公用事业提高生产率。因此，应认真考虑采用独立的监管机构和基于激励的价格监管方案，以提高斯洛文尼亚供水公司的业绩。

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