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Assessing The Impact Of Regulatory Reforms On China's Electricity Generation Industry

机译：评估监管改革对中国发电行业的影响

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摘要

In the past two decades, China has experienced a series of regulatory reforms in its electricity industry, aimed at improving power production efficiency. The central planning system was broken up and the market-oriented modern enterprise system was established. Furthermore, the former vertically integrated electricity utilities were divested and the generation sector was separated from the transmission and distribution networks. In this paper, we intend to estimate the impact of regulatory reforms on production efficiency of fossil-fired generation plants using the plant-level national survey data collected in 1995 and 2004. Applying the econometric method of Differences-in-Differences, we estimate the effects of these reforms on the demand for inputs of employees, fuel and nonfuel materials. The results show that the net efficiency improvement in labor input associated with the regulatory reforms is roughly 29% and the gains in nonfuel materials are about 35%, while there is no evidence of efficiency gains in fuel input associated with the electricity reforms.
机译：在过去的二十年中，中国在电力行业经历了一系列旨在改善电力生产效率的监管改革。打破中央计划制度，建立以市场为导向的现代企业制度。此外，原垂直整合的电力公司被剥离，发电部门与输配电网络分离。在本文中，我们打算使用1995年和2004年收集的工厂级国家调查数据来估算监管改革对化石燃料发电厂生产效率的影响。采用差异经济计量方法，我们可以估算差异这些改革对员工，燃料和非燃料材料投入需求的影响。结果表明，与监管改革相关的劳动力投入的净效率提高约为29％，非燃料材料的收益约为35％，而没有证据表明与电力改革相关的燃料投入效率提高。

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