Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach

This paper offers a productivity growth estimate for electric energy commercialization firms in Colombia, using a non-parametric Malmquist bootstrap methodology. The estimation and methodology serve two main purposes. First, in Colombia Commercialization firms are subject to a price-cap regulation s...

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Autores Principales: Santamaría, Julieth, Taborda, Rodrígo
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2011
Materias:
DEA
Acceso en línea:http://repository.urosario.edu.co/handle/10336/10844
id ir-10336-10844
recordtype dspace
spelling ir-10336-108442019-09-19T12:37:01Z Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach Santamaría, Julieth Taborda, Rodrígo Economía de la tierra Comercio interno Producción de energía eléctrica::Colombia Análisis de datos de tiempo de falla::Colombia DEA Malmquist Productivity growth Bootstrap Electricity commercialization Colombia This paper offers a productivity growth estimate for electric energy commercialization firms in Colombia, using a non-parametric Malmquist bootstrap methodology. The estimation and methodology serve two main purposes. First, in Colombia Commercialization firms are subject to a price-cap regulation scheme, a non-common arrangement in the international experience for this part of the industry. Therefore the paper’s result suggest an estimate of the productivity factor to be used by the regulator, not only in Colombia but in other countries where commercialization is a growing part of the industry (renewable energy, for instance). Second, because of poor data collection from regulators and firms themselves, regulation based on a single estimation of productivity seems inappropriate and error-prone. The nonparametric Malmquist bootstrap estimation allows an assessment of the result in contrast to a single one estimation. This would open an opportunity for the regulator to adopt a narrower and more accurate productivity estimation or override an implausible result and impose a productivity factor in the price-cap to foster the development of the industry. 2011-11 2015-09-21T15:11:56Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/acceptedVersion Santamaría, J., & Taborda, R. (2011). Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach. Bogotá: Universidad del Rosario. http://repository.urosario.edu.co/handle/10336/10844 spa info:eu-repo/semantics/openAccess application/pdf Universidad del Rosario Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR instname:Universidad del Rosario
institution EdocUR - Universidad del Rosario
collection DSpace
language Español (Spanish)
topic Economía de la tierra
Comercio interno
Producción de energía eléctrica::Colombia
Análisis de datos de tiempo de falla::Colombia
DEA
Malmquist
Productivity growth
Bootstrap
Electricity commercialization
Colombia
spellingShingle Economía de la tierra
Comercio interno
Producción de energía eléctrica::Colombia
Análisis de datos de tiempo de falla::Colombia
DEA
Malmquist
Productivity growth
Bootstrap
Electricity commercialization
Colombia
Santamaría, Julieth
Taborda, Rodrígo
Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
description This paper offers a productivity growth estimate for electric energy commercialization firms in Colombia, using a non-parametric Malmquist bootstrap methodology. The estimation and methodology serve two main purposes. First, in Colombia Commercialization firms are subject to a price-cap regulation scheme, a non-common arrangement in the international experience for this part of the industry. Therefore the paper’s result suggest an estimate of the productivity factor to be used by the regulator, not only in Colombia but in other countries where commercialization is a growing part of the industry (renewable energy, for instance). Second, because of poor data collection from regulators and firms themselves, regulation based on a single estimation of productivity seems inappropriate and error-prone. The nonparametric Malmquist bootstrap estimation allows an assessment of the result in contrast to a single one estimation. This would open an opportunity for the regulator to adopt a narrower and more accurate productivity estimation or override an implausible result and impose a productivity factor in the price-cap to foster the development of the industry.
format Documento de trabajo (Working Paper)
author Santamaría, Julieth
Taborda, Rodrígo
author_facet Santamaría, Julieth
Taborda, Rodrígo
author_sort Santamaría, Julieth
title Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
title_short Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
title_full Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
title_fullStr Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
title_full_unstemmed Productivity growth in electric energy retail in Colombia. A bootstrapped malmquist indices approach
title_sort productivity growth in electric energy retail in colombia. a bootstrapped malmquist indices approach
publisher Universidad del Rosario
publishDate 2011
url http://repository.urosario.edu.co/handle/10336/10844
_version_ 1645141914885816320
score 12,131701