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The impact of regulation on productivity growth: An application to the transmission sector of the interstate natural gas industry

โœ Scribed by Gerald Granderson; Carl Linvill

Publisher
Springer US
Year
1996
Tongue
English
Weight
972 KB
Volume
10
Category
Article
ISSN
0922-680X

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โœฆ Synopsis

We estimate a regulated cost function to examine the contributions of technical change, scale economies, and regulatory bias to productivity growth in an eleven-year, twenty-firm panel of interstate natural gas pipeline companies. We derive the unregulated cost function from the regulated cost function to produce estimates of movements in the unconstrained production technology. We find that the regulation constraint is binding in most years and that scale economies explain 38 percent more growth in the unconstrained production space than they do in the regulation-constrained production space.

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โœ Robin C. Sickles; Mary L. Streitwieser ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 204 KB ๐Ÿ‘ 2 views

The purpose of this paper is to provide the ยฎrst comprehensive ยฎrm level analysis of cost structures and production in the interstate pipeline industry during the transition from price regulation to partial deregulation, 1977ยฑ85. The regulatory changes during this period were numerous and complex. W