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자료유형
학술저널
저자정보
Almas Heshmati (Sogang University)
저널정보
한국경제연구학회 Korea and the World Economy Korea and the World Economy Vol.14 No.1
발행연도
2013.4
수록면
57 - 89 (33page)

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This paper investigates the performance of various generation plants in the Korean electricity market. The objective is to compare performance before and after the 2001 separation by using data from 1995 to 2006. The efficiency and productivity of the generation units is estimated by using a stochastic frontier model as well as data envelopment analysis and Malmquist productivity index. The result suggests that generation is mainly affected by facility type, maintenance cost, real fuel cost, and other costs. The national generation plan is characterized by high efficiency of nuclear plants, base type facilities, and large size facilities. It is also found that efficiency enhancement from the separation effect is not clearly discernible when comparing periods before and after the separation. Suggestions are made for the better utilization of economies of scale to further raise the efficiency of generation companies and the electricity industry through enhancement of fuel purchasing power and reallocation of labour.

목차

1. INTRODUCTION AND BACKGROUND
2. THE ELECTRICITY MARKET IN KOREA
3. THE DATA
4. EFFICIENCY AND PRODUCTIVITY MEASUREMENT METHODS
5. THE PARAMETRIC ESTIMATION RESULTS
6. THE NON-PARAMETRIC DEA AND MPI RESULTS
7. SUMMARY AND CONCLUSION
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UCI(KEPA) : I410-ECN-0101-2014-300-003565526