Unlocking productivity in China's electricity sector: the impact of market reforms on total factor productivity

被引：0
|
作者：
Zhang, Aiping [1 ]
Liu, Fubin [2 ]
Li, Xiaogang [2 ]
You, Ningning [3 ]
Wang, Qian [4 ]
机构：
[1] Shanghai Maritime Univ, Sch Econ & Management, Shanghai, Peoples R China
[2] East China Branch State Grid Corp China, Shanghai, Peoples R China
[3] Shanghai Jiao Tong Univ, Antai Coll Econ & Management, Shanghai, Peoples R China
[4] Fujian Agr & Forestry Univ, Coll Econ & Management, Fuzhou, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2025年
关键词：
Total factor productivity (TFP); electricity market reform; China; electricity sector; ENERGY EFFICIENCY;
D O I：
10.1080/13504851.2025.2463611
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study assesses the impact of electricity market reforms on the total factor productivity (TFP) of Chinese firms. Based on data on Chinese listed firms from 2011 to 2021, we employ the difference-in-differences method to test our hypothesis. We find that electricity market reforms improve TFP among firms in the electricity industry by easing market segmentation. This positive effect is particularly pronounced in firms that are state-owned, located in non-provincial capital cities, or led by CEOs with foreign experience or who are younger. This study contributes to the existing literature on the effects of electricity market reforms at the firm level and provides implications for improving productivity.
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页数：5
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