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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Universidad del Rosario
2011
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Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10844 |
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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 |