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A Quarter Century Effort Yet To Come Of Age: A Survey Of Power Sector Reforms In Developing Countries, Tooraj Jamasb, Rabindra Nepal, Govinda Timilsina
A Quarter Century Effort Yet To Come Of Age: A Survey Of Power Sector Reforms In Developing Countries, Tooraj Jamasb, Rabindra Nepal, Govinda Timilsina
Faculty of Business - Papers (Archive)
It has been more than two decades since the widespread initiation of global power sector reforms and restructuring. However, empirical evidence on the intended microeconomic, macroeconomic, and quality-related impacts of reforms across developing countries is lacking. This paper comprehensively reviews the empirical and theoretical literature on the linkages between power sector reforms, economic and technical efficiency, and poverty reduction. The review finds that the extent of power sector reforms has varied across developing countries in terms of changes in market structures, the role of the state, and the regulation of the sector. Overall, the reforms have improved the efficiency and …
Self-Similar Measures In Multi-Sector Endogenous Growth Models, Davide La Torre, Simone Marsiglio, Franklin Mendivil, Fabio Privileggi
Self-Similar Measures In Multi-Sector Endogenous Growth Models, Davide La Torre, Simone Marsiglio, Franklin Mendivil, Fabio Privileggi
Faculty of Business - Papers (Archive)
We analyze two types of stochastic discrete time multi-sector endogenous growth models, namely a basic Uzawa-Lucas (1965, 1988) model and an extended three-sector version as in La Torre and Marsiglio (2010). As in the case of sustained growth the optimal dynamics of the state variables are not stationary, we focus on the dynamics of the capital ratio variables, and we show that, through appropriate log-transformations, they can be converted into affine iterated function systems converging to an invariant distribution supported on some (possibly fractal) compact set. This proves that also the steady state of endogenous growth models-i.e., the stochastic balanced …