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dc.contributor.authorMota, Raffaella L.en_GB
dc.date.accessioned2004-06-16T16:05:45Z
dc.date.available2004-06-16T16:05:45Z
dc.date.created2004-04en_GB
dc.date.issued2004-06-16T16:05:45Z
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/402
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/402
dc.description.abstractBeginning in 1995 a large proportion of the Brazilian electricity distribution sector went through privatisation and restructuring, whereas privately-owned U.S. utilities did not suffer similar ownership change process. This paper is an empirical assessment of the efficiency of the Brazilian distribution sector relative to its U.S. counterpart in 1994 and 2000. Two techniques are applied: Data Envelopment Analysis (DEA), including the computation of Malmquist indices of productivity growth, and Stochastic Frontier Analysis (SFA). For the models that use operating costs as input, we find a positive but not statistically significant impact of Brazilian privatisation on technical efficiency. For the models that use total costs, the impact is significantly negative. Although this should be taken with caution, the negative impact can be the result of an investment surge after privatisation or of an increased rate of substitution of capital for labour in the Brazilian distribution sector. These results suggest that capital costs should not be excluded from the benchmarking. The findings also highlight the importance of establishing standard measures of capital costs for international benchmarking and incentive based regulation.en_GB
dc.format.extent2023095 bytes
dc.format.mimetypeapplication/pdfen_GB
dc.format.mimetypeapplication/pdf
dc.language.isoen_GB
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectbenchmarking
dc.subjectinternational comparison
dc.subjecttechnical efficiency
dc.subjectData Envelopment Analysis
dc.subjectStochastic Frontier Analysis
dc.subjectMalmquist Productivity Index
dc.subjectelectricity distribution systems
dc.subject.classificationClassification-JEL: L94en_GB
dc.titleComparing Brazil and USA electricity performance; what was the impact of privatisation?en_GB
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5106


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