An Inter-Sector Analysis of Electric Utilities in Newfoundland
This paper investigates differences in productivity and cost structure between private and public utilities in Newfoundland, 1956-91. A conventional accounting approach, and a four-input translog cost function and associated share equations are used to estimate total and partial factor productivitie...
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ftmcmasterojs:oai:ojs.pkp.sfu.ca:article/400 2023-05-15T17:20:22+02:00 An Inter-Sector Analysis of Electric Utilities in Newfoundland Wernerheim, C. Michael Nadarajah, Kandan 1998-10-19 application/pdf https://energystudiesreview.ca/esr/article/view/400 https://doi.org/10.15173/esr.v8i3.400 eng eng ESR https://energystudiesreview.ca/esr/article/view/400/380 https://energystudiesreview.ca/esr/article/view/400 doi:10.15173/esr.v8i3.400 Copyright (c) 2015 Energy Studies Review Energy Studies Review; Vol. 8 No. 3 (1996) 0843-4379 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article article 1998 ftmcmasterojs https://doi.org/10.15173/esr.v8i3.400 2022-11-27T13:05:51Z This paper investigates differences in productivity and cost structure between private and public utilities in Newfoundland, 1956-91. A conventional accounting approach, and a four-input translog cost function and associated share equations are used to estimate total and partial factor productivities, own and cross-partial elasticities of input demand and substitution, technical change, and scale economies. Differences in productivity are traced to the patterns of factor-bias of technical change, factor complementarities, and returns to scale. We find capital-using bias and diseconomies of scale in private utilities, and capital-saving bias and economies of scale in public utilities. The implications of these findings for policy warrant further study. Although preliminary, our results do not support the hypothesis that private utilities are more efficient than those in the public sector. Article in Journal/Newspaper Newfoundland McMaster University Library Press Open Journal Systems Energy Studies Review 8 3 |
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Open Polar |
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McMaster University Library Press Open Journal Systems |
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ftmcmasterojs |
language |
English |
description |
This paper investigates differences in productivity and cost structure between private and public utilities in Newfoundland, 1956-91. A conventional accounting approach, and a four-input translog cost function and associated share equations are used to estimate total and partial factor productivities, own and cross-partial elasticities of input demand and substitution, technical change, and scale economies. Differences in productivity are traced to the patterns of factor-bias of technical change, factor complementarities, and returns to scale. We find capital-using bias and diseconomies of scale in private utilities, and capital-saving bias and economies of scale in public utilities. The implications of these findings for policy warrant further study. Although preliminary, our results do not support the hypothesis that private utilities are more efficient than those in the public sector. |
format |
Article in Journal/Newspaper |
author |
Wernerheim, C. Michael Nadarajah, Kandan |
spellingShingle |
Wernerheim, C. Michael Nadarajah, Kandan An Inter-Sector Analysis of Electric Utilities in Newfoundland |
author_facet |
Wernerheim, C. Michael Nadarajah, Kandan |
author_sort |
Wernerheim, C. Michael |
title |
An Inter-Sector Analysis of Electric Utilities in Newfoundland |
title_short |
An Inter-Sector Analysis of Electric Utilities in Newfoundland |
title_full |
An Inter-Sector Analysis of Electric Utilities in Newfoundland |
title_fullStr |
An Inter-Sector Analysis of Electric Utilities in Newfoundland |
title_full_unstemmed |
An Inter-Sector Analysis of Electric Utilities in Newfoundland |
title_sort |
inter-sector analysis of electric utilities in newfoundland |
publisher |
ESR |
publishDate |
1998 |
url |
https://energystudiesreview.ca/esr/article/view/400 https://doi.org/10.15173/esr.v8i3.400 |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
Energy Studies Review; Vol. 8 No. 3 (1996) 0843-4379 |
op_relation |
https://energystudiesreview.ca/esr/article/view/400/380 https://energystudiesreview.ca/esr/article/view/400 doi:10.15173/esr.v8i3.400 |
op_rights |
Copyright (c) 2015 Energy Studies Review |
op_doi |
https://doi.org/10.15173/esr.v8i3.400 |
container_title |
Energy Studies Review |
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8 |
container_issue |
3 |
_version_ |
1766099231253200896 |