scholarly journals Deregulation in the Energy Sector and Its Economic Effects on the Power Sector: A Literature Review

2021 ◽  
Vol 13 (6) ◽  
pp. 3429
Author(s):  
Pablo David Necoechea-Porras ◽  
Asunción López ◽  
Juan Carlos Salazar-Elena
Keyword(s):  
Technology Development ◽  
Reducing Power ◽  
Energy Sector ◽  
Primary Objective ◽  
Economic Effects ◽  
Systemic Review ◽  
Open Market ◽  
Electricity Cost ◽  
The Government ◽  
The Impact

Energy reforms play an essential role in technological change as they aim to contribute to an open market: costs reduction, competitiveness, and technology development. This article seeks to assess the impact and effect of reforms on the energy sector. The article’s objective is to evaluate the process of deregulation policies and their micro and macroeconomic effects on the energy sector, and specifically on electricity, by analyzing literature related to electricity reforms. Further, the article intends to explore the impacts of deregulation on power pricing, power market, electricity accessibility, innovation, and competitiveness. Another objective of the article is to analyze the role played by various stakeholders in the deregulation policies, including the government, national entities like states, the private sector, and consumers. The article identified ways to improve the economic impacts of deregulation policies in the energy sector. After a systemic review of specialized articles regarding their theoretical approach, results showed a positive relationship between reform and innovation, competitiveness, opening-up of the market, technology, and price changes. Although deregulation measures aimed to reduce the consumers’ electricity cost, the changes in power prices were achievable only in the long-term and not in the short-term. Additionally, government regulators and stakeholders participated in implementing various measures to ensure that deregulation achieved its primary objective of reducing power prices. Such efforts include developing divestiture policies and implementing rate cuts.

scholarly journals Agency costs and corporate governance mechanisms in Indian state-owned companies and privately owned companies - A panel data analysis

2014 ◽  
Vol 11 (4) ◽  
pp. 8-17
Author(s):  
Stuart Locke ◽  
Geeta Duppati
Keyword(s):  
Corporate Governance ◽  
Agency Costs ◽  
Panel Data Analysis ◽  
Agency Cost ◽  
Open Market ◽  
Public Companies ◽  
Corporate Governance Mechanisms ◽  
The Government ◽  
Suitable Reference ◽  
The Impact

This paper explores the impact of corporate governance reforms and changing ownership patterns of core public sector enterprises. A number of reforms were introduced by the Government of India in 1991, and intensified in 2004 with the aim of improving efficiency and financial performance across state owned enterprises. The core state enterprises provide a unique opportunity to consider two aspects of the reforms. First, did the reforms have an impact, and second, is there a distinguishable difference between wholly government owned and partially-public shareholding enterprises? The public listed companies provide a suitable reference point for comparison. A comprehensive dataset of 123 SOEs and matching listed public companies for 10 years was collected for the study. A regression approach is adopted with agency cost as the dependant variable and several corporation-specific governance variables. Size and industry are the independent variables. The findings of the study indicate that the agency costs for mixed ownership models tend to be lower than those of the concentrated state-owned firms because they operate in an open market with the market facing the regulatory framework of a competitive environment.

Understanding the Impact of Engineering Through Appropriate Technology Development

2016 ◽  
Author(s):  
Nickey Janse van Rensburg ◽  
Z. Simpson ◽  
N. Malan
Keyword(s):  
Engineering Students ◽  
Design Thinking ◽  
Research Collaboration ◽  
Technology Development ◽  
Pilot Project ◽  
Project Based Learning ◽  
Appropriate Technology ◽  
Open Market ◽  
Market Growth ◽  
The Impact

This research describes a pilot project which aimed to introduce CDIO-type (Conceive-Design-Implement-Operate), project-based learning through a community-based project in a third year Material Science module. The project formed part of an agriculture research initiative, and relied on interdisciplinary research collaboration between engineering, social sciences, management, entrepreneurship, and industrial arts. The initiative seeks to develop an agribusiness solution that will create an open-market, growth-oriented food economy. As part of the initiative, engineering students, participating in teams, worked alongside a community of urban farmers, most of whom are working poor, so as to develop appropriate, intermediate technology/ies that could support the farmers. This was informed by the need to have students demonstrate high level understanding of disciplinary content, but also to engage in human-centered design thinking and practice.

scholarly journals Household Level Impact Assessment of MGNREGA Scheme

2019 ◽  
Vol 9 (2) ◽  
pp. 543-549
Keyword(s):  
Rural Areas ◽  
Tamil Nadu ◽  
Primary Objective ◽  
Household Level ◽  
Rural Employment ◽  
Wage Employment ◽  
The Government ◽  
Employment Guarantee ◽  
The Unemployed ◽  
The Impact

The Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA) has been notified by the Government of India on 7th September 2005 with the primary objective of enhancing the livelihood security of the unskilled labors in the rural areas of the country by providing guaranteed wage employment to every household whose adult members volunteer to do unskilled manual work. The MGNREGA, which is one of the flagship projects of the government, promises 100 days of work per year to the unemployed at a CPI inflation-indexed wage rate. As there is an increase in the disposable income on account of the implementation of the scheme, it is expected that the standard of living and the expenditure pattern of the household covered under the MGNREGA scheme would undergo a tremendous change. As most of the expenditure of the rural households covered under the scheme is supposed to be drastically changed, it is felt that there is a need to study the impact of the scheme on these households. This paper is an extract from a Ph. D Thesis titled Household and Village Level Impact of MGNREGS on Governance at the Grassroots: An Assessment of Gram Panchayats in Tamil Nadu. Submitted to the Gandhigram Rural Institute – Deemed to be University

scholarly journals The costs of resource-led development. An analysis of the economic impact of the oil extraction boom in Colombia

2016 ◽  
pp. 79-94
Author(s):  
Paulina Kupisz
Keyword(s):  
Economic Performance ◽  
Oil Extraction ◽  
Economic Effects ◽  
Negative Consequences ◽  
Oil Boom ◽  
New Challenges ◽  
Oil Sector ◽  
The Government ◽  
Rich Countries ◽  
The Impact

Oil-rich countries often face negative consequences of natural resources-led development on their overall economic performance. One of the reasons is that a country’s rising extraction rates frequently lead to various changes in its public policy and revenue management. Colombia has spectacularly increased its oil production by almost 500,000 barrels per day (bpd) in ten years, which was the effect principally of the implementation of strongly market-oriented petroleum policies in 2003. It is now the fourth largest crude producer in Latin America, registering nearly ten times more export sales than at the end of the 20th century. The economic effects of the oil-boom are already visible, which has created many new challenges the government must face in order to ensure sustainable development in the country, and to be able to mitigate the impact of the recently dropping world oil prices. The purpose of the article is to present the latest findings on the impact of the oil sector development on the Colombian economy in the 21st century, focusing especially on the current situation.

scholarly journals The Empirical Examination of the Socio-Economic Effects of Convicts in Ghana

2021 ◽  
Vol 7 (1) ◽  
pp. 31-41
Author(s):  
Priscilla Brobbey
Keyword(s):  
West Africa ◽  
Government Expenditure ◽  
Policy Formulation ◽  
Economic Effects ◽  
Careful Examination ◽  
Empirical Examination ◽  
Working Environments ◽  
The Government ◽  
The Impact

The study examines in-depth knowledge relating to the socio-economic effects of incarceration in Ghana. And further conduct a careful examination of the impact on convicts, their immediate family and working environments, as well as the government expenditure burden through the tax-payer on inmates. The study adopted the approach of qualitative and phenomenological methods to ascertain empirical findings to guide policy formulation and adjudication in Ghana and West Africa as a whole.

Trade Unions, Economic Growth and Politics

1989 ◽  
Vol 31 (3) ◽  
pp. 372-384
Author(s):  
Ignace Ng ◽  
John McCallum
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Empirical Studies ◽  
Union Density ◽  
Primary Objective ◽  
The Subject ◽  
Growth Promoting ◽  
The Government ◽  
The Impact ◽  
The Relationship

Even though identifying the causes of economic growth has been the subject of numerous empirical studies, little is known about the impact of inter-country variations in unionization on differences in economic growth between countries. To fill this apparent gap in the literature, the primary objective of this paper is to examine the influence of trade unions on economic growth in seventeen oECD countries from 1960 to 1979. The results show that the nature of the relationship between trade unions and economic growth depends upon the ideology of the government in power. Under 'non-socialist' governments, increased union density reduces economic growth, whereas under `socialist' governments, a higher level of unionization increases economic growth. This, in turn, implies that governments can have an influence on whether trade unions are growth-inhibiting or growth-promoting. However, because of the limitations in the sample used, additional studies are needed before a consensus can be reached on this issue.

scholarly journals The impact of assistance in development of different sectors of the economy - the case of Kosovo

2021 ◽  
Vol 12 (01) ◽  
Author(s):  
Nazmi Pllana ◽  
◽  
Sotiraq Dhamo ◽  
Keyword(s):  
Economic Development ◽  
International Development ◽  
Market Economy ◽  
Open Market ◽  
Economic Sectors ◽  
Important Place ◽  
Agency For International Development ◽  
The Government ◽  
Sustainable Economic Growth ◽  
The Impact

Kosovo's economy is young and dynamic. It has been transformed from a decentralized economy to an open market economy. As an important place for business development, Kosovo offers several advantages such as a young and well-qualified population, natural resources, etc. Creating an environment for sustainable economic growth and improving competitiveness has been the main focus of supporting various donors (World Bank/WB, United States Agency for International Development/USAID, etc.) for Kosovo from the transition from crisis to long-term development, working closely with the Government of Kosovo to face challenges and mitigate obstacles by building a sound and market-based economy. This paper is bringing an overview of economic development in Kosovo and provides an analysis of the impact of donors in the development of various economic sectors, especially during the most delicate period that Kosovo has gone through and specifically the transition to an open market economy. The purpose of this study is to prove and demonstrate the impact of donor assistance on economic development in various sectors in Kosovo as a necessary tool to maintain the sustainability of best practices in any field of economics and based on the findings of the study to express our views.

scholarly journals Effect of Covid-19 in Jordan: Conceptual Analysis of Different Economic Sectors

2021 ◽  
Vol 11 (2) ◽  
pp. 266
Author(s):  
Saddam Ali Shatnawi ◽  
Bilal Khalaf Sakarneh
Keyword(s):  
Economic Recession ◽  
Economic Effects ◽  
Statistical Prediction ◽  
Negative Effects ◽  
Short Term ◽  
Economic Sectors ◽  
Industrial Sectors ◽  
The Government ◽  
The Impact ◽  
Short Term Effects

Jordan, similar to other nations around the globe, has been severely affected by the COVID-19 pandemic cut across Jordanian service, banking, insurance, and industrial sectors. The spread of the virus and attempts to control it have generated both social and economic turbulence, turmoil, disorder, uncertainty, and uneasiness in the country. The government of Jordan acted promptly in March 2020 by ordering a national lockdown to mitigate the impact of COVID-19 on these economic sectors. The COVID-19 has had both direct and indirect negative effects on these sectors, which are projected to vary from the short to the long term. It is possible to measure the short-term effects as seen in this conceptual work. Some of the short-term effects anticipated include economic recession, high unemployment rate, high inflation, etc. In conclusion, these sectors will continue to encounter challenges because of the ongoing economic slowdown in Jordan due to lockdown and other social measures put in place by the government. Currently, there is yet to be a tentative and complete statistical prediction of the negative economic effects and cost of COVID-19 in Jordan, particularly on its sectors of the economy.

scholarly journals Is the Alternative Energy Sector COVID-19 Resistant? Comparison with the Conventional Energy Sector: Markov-Switching Model Analysis of Stock Market Indices of Energy Companies

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 988
Author(s):  
Katarzyna Czech ◽  
Michał Wielechowski
Keyword(s):  
Stock Market ◽  
Alternative Energy ◽  
Markov Switching ◽  
Energy Sector ◽  
Energy Index ◽  
Markov Switching Model ◽  
Switching Model ◽  
The Government ◽  
Novel Coronavirus ◽  
The Impact

The outbreak and rapid spread of the COVID-19 pandemic has hit the global financial markets, including the energy sector. Alternative energy belongs to the economy’s key sectors concerning environmental issues and seems to be a full-fledged alternative for fossil-based conventional energy. This paper aims to assess the impact of COVID-19 on the stock market indices related to the alternative and conventional energy sector. We use daily data on the Morgan Stanley Capital International (MSCI) Global Alternative Energy Index, the MSCI All Country World Index (ACWI) Energy Index, and self-developed Average-49 COVID-19 New Cases Index and Average-49 Stringency Index. The research covers the period January–October 2020. The average level of the MSCI Global Alternative Energy Index in COVID-19 year was more than a quarter higher than in 2019 while the MSCI ACWI Energy fell almost one-third in the same period. Based on the Markov-switching model, we show that both the MSCI Global Alternative Energy and the MSCI ACWI Energy are not significantly affected by the epidemic status. The analysed indices decline as the government anti-COVID-19 policy becomes more stringent, but the relationship is statistically significant only in the high-volatility regime. In comparison to the conventional energy index, we reveal that the alternative energy index stays most of its time in the low-volatility regime without being adversely and significantly affected by the COVID-19 related indicators. Our study shows that the alternative energy sector, represented by the MSCI Global Alternative Energy Index, seems to be more resistant to COVID-19 than the conventional energy sector. It might imply that the novel coronavirus pandemic has not depreciated but emphasised the growing concern about climate change and environmental pollution.

Sign in / Sign up

Export Citation Format

Share Document