메뉴 건너뛰기




Volumn 36, Issue , 2013, Pages 511-517

Examining the cost efficiency of Chinese hydroelectric companies using a finite mixture model

Author keywords

China; Efficiency; Electricity utilities

Indexed keywords

BUSINESS STRATEGY; CHINA; COST EFFICIENCY; ESTIMATE COST; FINITE MIXTURE MODELS; LATENT CLASS MODEL; MANAGERIAL IMPLICATIONS; OPERATIONAL ACTIVITY; STOCHASTIC FRONTIER; UNOBSERVED HETEROGENEITY;

EID: 84874294067     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2012.10.007     Document Type: Article
Times cited : (14)

References (52)
  • 1
    • 49449120922 scopus 로고
    • Formulation and estimation of stochastic frontier production function models
    • Aigner D.J., Lovell C.A.K., Schmidt P. Formulation and estimation of stochastic frontier production function models. J. Econ. 1977, 6:21-37.
    • (1977) J. Econ. , vol.6 , pp. 21-37
    • Aigner, D.J.1    Lovell, C.A.K.2    Schmidt, P.3
  • 2
    • 77956871464 scopus 로고    scopus 로고
    • Accounting frameworks for tracking energy efficiency trends
    • Ang B.W., Mu A.R., Zhou P. Accounting frameworks for tracking energy efficiency trends. Energy Econ. 2010, 32(5):1209-1219.
    • (2010) Energy Econ. , vol.32 , Issue.5 , pp. 1209-1219
    • Ang, B.W.1    Mu, A.R.2    Zhou, P.3
  • 3
    • 35548968321 scopus 로고    scopus 로고
    • Cost and quality gains from diversification and vertical integration in the electricity industry: a DEA approach
    • Arocena P. Cost and quality gains from diversification and vertical integration in the electricity industry: a DEA approach. Energy Econ. 2008, 30:39-58.
    • (2008) Energy Econ. , vol.30 , pp. 39-58
    • Arocena, P.1
  • 4
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney J. Firm resources and sustained competitive advantage. J. Manag. 1991, 17:99-120.
    • (1991) J. Manag. , vol.17 , pp. 99-120
    • Barney, J.1
  • 5
    • 35548945686 scopus 로고    scopus 로고
    • Efficiency analysis of hydroelectric generating plants: a case study for Portugal
    • Barros C.P. Efficiency analysis of hydroelectric generating plants: a case study for Portugal. Energy Econ. 2008, 30(1):59-75.
    • (2008) Energy Econ. , vol.30 , Issue.1 , pp. 59-75
    • Barros, C.P.1
  • 6
    • 79955930579 scopus 로고    scopus 로고
    • Performance assessment of Portuguese wind farms: ownership and managerial efficiency
    • Barros C.P., Antunes O. Performance assessment of Portuguese wind farms: ownership and managerial efficiency. Energy Policy 2011, 39:3055-3063.
    • (2011) Energy Policy , vol.39 , pp. 3055-3063
    • Barros, C.P.1    Antunes, O.2
  • 7
    • 69949144166 scopus 로고    scopus 로고
    • Bootstrapped efficiency measures of oil blocks in Angola
    • Barros C.P., Assaf A. Bootstrapped efficiency measures of oil blocks in Angola. Energy Policy 2009, 37(10):4098-4103.
    • (2009) Energy Policy , vol.37 , Issue.10 , pp. 4098-4103
    • Barros, C.P.1    Assaf, A.2
  • 8
    • 67349114552 scopus 로고    scopus 로고
    • Regulation, pollution and heterogeneity in Japanese steam power generation companies
    • Barros C.P., Managi S. Regulation, pollution and heterogeneity in Japanese steam power generation companies. Energy Policy 2009, 37:3109-3114.
    • (2009) Energy Policy , vol.37 , pp. 3109-3114
    • Barros, C.P.1    Managi, S.2
  • 9
    • 34347259267 scopus 로고    scopus 로고
    • The determinants of cost efficiency of hydroelectric generating plants: a random frontier approach
    • Barros C.P., Peypoch N. The determinants of cost efficiency of hydroelectric generating plants: a random frontier approach. Energy Policy 2007, 35:4463-4470.
    • (2007) Energy Policy , vol.35 , pp. 4463-4470
    • Barros, C.P.1    Peypoch, N.2
  • 10
    • 52249118532 scopus 로고    scopus 로고
    • Technical efficiency of thermoelectric power plants
    • Barros C.P., Peypoch N. Technical efficiency of thermoelectric power plants. Energy Econ. 2008, 30:3118-3127.
    • (2008) Energy Econ. , vol.30 , pp. 3118-3127
    • Barros, C.P.1    Peypoch, N.2
  • 11
    • 68149158793 scopus 로고    scopus 로고
    • Evaluating Concavity for production and cost functions
    • Baum C., Linz T. Evaluating Concavity for production and cost functions. Stata J. 2009, 9(1):161-165.
    • (2009) Stata J. , vol.9 , Issue.1 , pp. 161-165
    • Baum, C.1    Linz, T.2
  • 12
    • 42549138311 scopus 로고    scopus 로고
    • Estimating plant-level energy efficiency with a stochastic frontier
    • Boyd G.A. Estimating plant-level energy efficiency with a stochastic frontier. Energy J. 2008, 29(2):23-43.
    • (2008) Energy J. , vol.29 , Issue.2 , pp. 23-43
    • Boyd, G.A.1
  • 13
    • 80052160201 scopus 로고    scopus 로고
    • Productivity growth and biased technological change in hydroelectric dams
    • Briec W., Peypoch N., Ratsimbanierana H. Productivity growth and biased technological change in hydroelectric dams. Energy Econ. 2011, 33(5):853-858.
    • (2011) Energy Econ. , vol.33 , Issue.5 , pp. 853-858
    • Briec, W.1    Peypoch, N.2    Ratsimbanierana, H.3
  • 14
    • 0019704507 scopus 로고
    • Productivity growth, scale economies, and capacity utilization in U.S. railroads, 1955-74
    • Caves D.W., Christensen L.R., Swanson J.A. Productivity growth, scale economies, and capacity utilization in U.S. railroads, 1955-74. Am. Econ. Rev. 1981, 71:994-1002.
    • (1981) Am. Econ. Rev. , vol.71 , pp. 994-1002
    • Caves, D.W.1    Christensen, L.R.2    Swanson, J.A.3
  • 15
    • 71849102311 scopus 로고    scopus 로고
    • Why does energy intensity fluctuate in China?
    • Chai Jian, Ju-G, Wang Shou-Yang, Keung Lai Kin Why does energy intensity fluctuate in China?. Energy Policy 2009, 37:5717-5731.
    • (2009) Energy Policy , vol.37 , pp. 5717-5731
    • Chai, J.1    Ju, G.2    Wang, S.-Y.3    Keung Lai, K.4
  • 16
    • 34247160754 scopus 로고    scopus 로고
    • Renewable energy policy and electricity market reforms in China
    • Cherni J.A., Kentish J. Renewable energy policy and electricity market reforms in China. Energy Policy 2007, 35:3616-3629.
    • (2007) Energy Policy , vol.35 , pp. 3616-3629
    • Cherni, J.A.1    Kentish, J.2
  • 17
    • 0001931745 scopus 로고
    • Flexible functional forms and global curvature conditions
    • Diewert W., Wales T.J. Flexible functional forms and global curvature conditions. Econometrica 1987, 55(1):43-68.
    • (1987) Econometrica , vol.55 , Issue.1 , pp. 43-68
    • Diewert, W.1    Wales, T.J.2
  • 18
    • 4444254034 scopus 로고    scopus 로고
    • Regulation and measuring cost-efficiency with panel data models: application to electricity distribution utilities
    • Farsi M., Filippini M. Regulation and measuring cost-efficiency with panel data models: application to electricity distribution utilities. Rev. Ind. Organ. 2004, 25:1-19.
    • (2004) Rev. Ind. Organ. , vol.25 , pp. 1-19
    • Farsi, M.1    Filippini, M.2
  • 19
    • 6344266952 scopus 로고    scopus 로고
    • Distinguishing between heterogeneity and efficiency: stochastic frontier analysis of the World Health Organisation's panel on national health care systems
    • Greene W. Distinguishing between heterogeneity and efficiency: stochastic frontier analysis of the World Health Organisation's panel on national health care systems. Heal. Econ. 2004, 13:959-980.
    • (2004) Heal. Econ. , vol.13 , pp. 959-980
    • Greene, W.1
  • 20
    • 15044343239 scopus 로고    scopus 로고
    • Fixed and random effects in stochastic frontier models
    • Greene W. Fixed and random effects in stochastic frontier models. J. Product. Anal. 2005, 23:7-32.
    • (2005) J. Product. Anal. , vol.23 , pp. 7-32
    • Greene, W.1
  • 21
    • 84857373269 scopus 로고    scopus 로고
    • Efficiency effects of observed and unobserved heterogeneity: evidence from Norwegian electricity distribution networks
    • Growitsch C., Jamasb T., Wetzel H. Efficiency effects of observed and unobserved heterogeneity: evidence from Norwegian electricity distribution networks. Energy Econ. 2012, 34(2):542-548.
    • (2012) Energy Econ. , vol.34 , Issue.2 , pp. 542-548
    • Growitsch, C.1    Jamasb, T.2    Wetzel, H.3
  • 22
    • 0036406608 scopus 로고    scopus 로고
    • Relative performance of US and Japanese electricity distribution: an application of stochastic frontier analysis
    • Hattori T. Relative performance of US and Japanese electricity distribution: an application of stochastic frontier analysis. J. Product. Anal. 2002, 18:269-284.
    • (2002) J. Product. Anal. , vol.18 , pp. 269-284
    • Hattori, T.1
  • 23
    • 33747196351 scopus 로고    scopus 로고
    • Total-factor energy efficiency of regions in China
    • Hu J.L., Wang S.C. Total-factor energy efficiency of regions in China. Energy Policy 2006, 34:3206-3217.
    • (2006) Energy Policy , vol.34 , pp. 3206-3217
    • Hu, J.L.1    Wang, S.C.2
  • 24
    • 72249083731 scopus 로고    scopus 로고
    • Cost efficiency and optimal scale of electricity distribution firms in Taiwan: an application of metafrontier analysis
    • Huang Y.J., Chen Y.J., Yang C.H. Cost efficiency and optimal scale of electricity distribution firms in Taiwan: an application of metafrontier analysis. Energy Econ. 2010, 32(1):15-23.
    • (2010) Energy Econ. , vol.32 , Issue.1 , pp. 15-23
    • Huang, Y.J.1    Chen, Y.J.2    Yang, C.H.3
  • 25
    • 84864817788 scopus 로고    scopus 로고
    • Efficiency, productivity and environmental policy: a case study of power generation in the EU
    • Jaraite J., Di Maria C. Efficiency, productivity and environmental policy: a case study of power generation in the EU. Energy Econ. 2012, 34(5):1557-1568.
    • (2012) Energy Econ. , vol.34 , Issue.5 , pp. 1557-1568
    • Jaraite, J.1    Di Maria, C.2
  • 26
    • 49049139741 scopus 로고
    • On the estimation of technical inefficiency in the stochastic frontier production function model
    • Jondrow J., Lovell C.A.K., Materov I.S., Schmidt P. On the estimation of technical inefficiency in the stochastic frontier production function model. J. Econ. 1982, 19:233-238.
    • (1982) J. Econ. , vol.19 , pp. 233-238
    • Jondrow, J.1    Lovell, C.A.K.2    Materov, I.S.3    Schmidt, P.4
  • 27
    • 0035619938 scopus 로고    scopus 로고
    • Measuring potential efficiency gains from deregulation of electricity generation: a Bayesian approach
    • Kleit A.N., Terrell D. Measuring potential efficiency gains from deregulation of electricity generation: a Bayesian approach. Rev. Econ. Stat. 2001, 83(3):523-530.
    • (2001) Rev. Econ. Stat. , vol.83 , Issue.3 , pp. 523-530
    • Kleit, A.N.1    Terrell, D.2
  • 28
    • 0036022628 scopus 로고    scopus 로고
    • Alternative regulatory methods and firm efficiency: stochastic frontier evidence the US electricity industry
    • Knittel C.R. Alternative regulatory methods and firm efficiency: stochastic frontier evidence the US electricity industry. Rev. Econ. Stat. 2002, 84(3):530-540.
    • (2002) Rev. Econ. Stat. , vol.84 , Issue.3 , pp. 530-540
    • Knittel, C.R.1
  • 29
    • 79151474990 scopus 로고    scopus 로고
    • Observed and unobserved heterogeneity in stochastic frontier models: an application to the electricity distribution industry
    • Kopsakangas-Savolainen M., Svento R. Observed and unobserved heterogeneity in stochastic frontier models: an application to the electricity distribution industry. Energy Econ. 2011, 33(2):304-310.
    • (2011) Energy Econ. , vol.33 , Issue.2 , pp. 304-310
    • Kopsakangas-Savolainen, M.1    Svento, R.2
  • 31
    • 84867714271 scopus 로고    scopus 로고
    • Stochastic semi-nonparametric frontier estimation of electricity distribution networks: application of the StoNED method in the Finnish regulatory model
    • Kuosmanen T. Stochastic semi-nonparametric frontier estimation of electricity distribution networks: application of the StoNED method in the Finnish regulatory model. Energy Econ. 2012, 34(6):2189-2199.
    • (2012) Energy Econ. , vol.34 , Issue.6 , pp. 2189-2199
    • Kuosmanen, T.1
  • 32
    • 33749633128 scopus 로고    scopus 로고
    • Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry
    • Managi S., Opaluch J.J., Jin D., Grigalunas T.A. Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry. Ecol. Econ. 2006, 60:204-215.
    • (2006) Ecol. Econ. , vol.60 , pp. 204-215
    • Managi, S.1    Opaluch, J.J.2    Jin, D.3    Grigalunas, T.A.4
  • 33
    • 0001183404 scopus 로고
    • Efficiency estimation from a Cobb-Douglas production function with composed error
    • Meeusen W., van den Broeck J. Efficiency estimation from a Cobb-Douglas production function with composed error. Int. Econ. Rev. 1977, 18:435-444.
    • (1977) Int. Econ. Rev. , vol.18 , pp. 435-444
    • Meeusen, W.1    van den Broeck, J.2
  • 34
    • 36549034736 scopus 로고    scopus 로고
    • Regulatory reforms and productivity: an empirical analysis of Japanese electricity industry
    • Nakano M., Managi S. Regulatory reforms and productivity: an empirical analysis of Japanese electricity industry. Energy Policy 2008, 36(1):201-209.
    • (2008) Energy Policy , vol.36 , Issue.1 , pp. 201-209
    • Nakano, M.1    Managi, S.2
  • 35
    • 0347664154 scopus 로고    scopus 로고
    • Efficiency measurement using stochastic frontier latent class model
    • Orea L., Kumbhakar S. Efficiency measurement using stochastic frontier latent class model. Empir. Econ. 2004, 29:169-183.
    • (2004) Empir. Econ. , vol.29 , pp. 169-183
    • Orea, L.1    Kumbhakar, S.2
  • 36
    • 84989046113 scopus 로고
    • How much does industry matter?
    • Rumelt R. How much does industry matter?. Strateg. Manag. J. 1991, 12(2):167-185.
    • (1991) Strateg. Manag. J. , vol.12 , Issue.2 , pp. 167-185
    • Rumelt, R.1
  • 37
    • 84859723359 scopus 로고    scopus 로고
    • An analysis of factors that influence the technical efficiency of Malaysian thermal power plants
    • See K.F., Coelli T. An analysis of factors that influence the technical efficiency of Malaysian thermal power plants. Energy Econ. 2012, 34(3):677-685.
    • (2012) Energy Econ. , vol.34 , Issue.3 , pp. 677-685
    • See, K.F.1    Coelli, T.2
  • 39
    • 77958451820 scopus 로고    scopus 로고
    • Chinese regional industrial energy efficiency evaluation based on a DEA model of fixing non-energy inputs
    • Shi Guang-Ming, Bi J., Wang Jin-Wang Chinese regional industrial energy efficiency evaluation based on a DEA model of fixing non-energy inputs. Energy Policy 2010, 38:6172-6179.
    • (2010) Energy Policy , vol.38 , pp. 6172-6179
    • Shi, G.-M.1    Bi, J.2    Wang, J.-W.3
  • 40
    • 0042230835 scopus 로고    scopus 로고
    • Electricity consumption and economic growth in China
    • Shiu A., Lam P.-L. Electricity consumption and economic growth in China. Energy Policy 2004, 32:47-54.
    • (2004) Energy Policy , vol.32 , pp. 47-54
    • Shiu, A.1    Lam, P.-L.2
  • 41
    • 79151481128 scopus 로고    scopus 로고
    • DEA approach for unified efficiency measurement: assessment of Japanese fossil fuel power generation
    • Sueyoshi T., Goto M. DEA approach for unified efficiency measurement: assessment of Japanese fossil fuel power generation. Energy Econ. 2011, 33(2):292-303.
    • (2011) Energy Econ. , vol.33 , Issue.2 , pp. 292-303
    • Sueyoshi, T.1    Goto, M.2
  • 42
    • 77957325044 scopus 로고    scopus 로고
    • EU climate change policy 2013-2020: using the clean development mechanism more effectively in the non-ETS sector
    • Tol R. EU climate change policy 2013-2020: using the clean development mechanism more effectively in the non-ETS sector. Energy Policy 2010, 38(11):7466-7475.
    • (2010) Energy Policy , vol.38 , Issue.11 , pp. 7466-7475
    • Tol, R.1
  • 43
    • 33748173805 scopus 로고    scopus 로고
    • Efficiency of electric power generation in the United States: analysis and forecast based on data envelopment analysis
    • Vaninsky A. Efficiency of electric power generation in the United States: analysis and forecast based on data envelopment analysis. Energy Econ. 2006, 28(3):326-328.
    • (2006) Energy Econ. , vol.28 , Issue.3 , pp. 326-328
    • Vaninsky, A.1
  • 45
    • 84861223247 scopus 로고    scopus 로고
    • A comparative analysis of China's regional energy and emission performance: which is the better way to deal with undesirable outputs
    • Wang K., Wei Y.M., Zhang X. A comparative analysis of China's regional energy and emission performance: which is the better way to deal with undesirable outputs. Energy Policy 2012, 46:574-584.
    • (2012) Energy Policy , vol.46 , pp. 574-584
    • Wang, K.1    Wei, Y.M.2    Zhang, X.3
  • 46
    • 70349323336 scopus 로고    scopus 로고
    • Empirical analysis of provincial energy efficiency in China
    • Wei C., Ni J.L., Shen M.H. Empirical analysis of provincial energy efficiency in China. China World Econ. 2009, 17:88-103.
    • (2009) China World Econ. , vol.17 , pp. 88-103
    • Wei, C.1    Ni, J.L.2    Shen, M.H.3
  • 47
    • 84989133012 scopus 로고
    • A resource-based view of the firm
    • Wernerfelt B. A resource-based view of the firm. Strateg. Manag. J. 1984, 5(2):171-180.
    • (1984) Strateg. Manag. J. , vol.5 , Issue.2 , pp. 171-180
    • Wernerfelt, B.1
  • 48
    • 84865596015 scopus 로고    scopus 로고
    • Industrial energy efficiency with CO2 emissions in China: a nonparametric analysis
    • Wu F., Fan L.W., Zhou P., Zhou D.Q. Industrial energy efficiency with CO2 emissions in China: a nonparametric analysis. Energy Policy. 2012, 49:164-172.
    • (2012) Energy Policy. , vol.49 , pp. 164-172
    • Wu, F.1    Fan, L.W.2    Zhou, P.3    Zhou, D.Q.4
  • 49
    • 1842865607 scopus 로고    scopus 로고
    • Electricity in China: the latest reforms
    • Yeoh B.-S., Rajaraman R. Electricity in China: the latest reforms. Electr. J. 2004, 17:60-69.
    • (2004) Electr. J. , vol.17 , pp. 60-69
    • Yeoh, B.-S.1    Rajaraman, R.2
  • 50
    • 39749125593 scopus 로고    scopus 로고
    • 2 emissions: a production-theoretical approach
    • 2 emissions: a production-theoretical approach. Energy Econ. 2008, 30(3):1054-1067.
    • (2008) Energy Econ. , vol.30 , Issue.3 , pp. 1054-1067
    • Zhou, P.1    Ang, B.W.2
  • 51
    • 84861618104 scopus 로고    scopus 로고
    • Energy and CO2 emission performance in electricity generation: a non-radial directional distance function approach
    • Zhou P., Ang B.W., Wang H. Energy and CO2 emission performance in electricity generation: a non-radial directional distance function approach. Eur. J. Oper. Res. 2012, 221:625-635.
    • (2012) Eur. J. Oper. Res. , vol.221 , pp. 625-635
    • Zhou, P.1    Ang, B.W.2    Wang, H.3
  • 52
    • 80055045980 scopus 로고    scopus 로고
    • Measuring economy-wide energy efficiency performance: a parametric frontier approach
    • Zhou P., Ang B.W., Zhou D.Q. Measuring economy-wide energy efficiency performance: a parametric frontier approach. Appl. Energy 2012, 90:196-200.
    • (2012) Appl. Energy , vol.90 , pp. 196-200
    • Zhou, P.1    Ang, B.W.2    Zhou, D.Q.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.