Crisis, sustainability of electricity prices and state interventions in Argentina
This article examines the sustainability of wholesale power prices following the 2001 economic crisis in Argentina. We depart from the contractual disputes between the multinational power generating companies and the state of Argentina, arising from price and investment interventions after the economic crisis. Then, we move on to argue that these sector-specific measures were inevitable once some of the key macroeconomic policies such as the currency board system were discarded. Using an error correction method and estimating a counterfactual price series, we demonstrate that in the absence of changes in the price determination method and direct public investment, the level and the volatility of power prices would have been much higher with further knock on effects on the rest of the economy. Copyright 2012 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.
Year of publication: |
2012
|
---|---|
Authors: | Dagdeviren, Hulya |
Published in: |
Industrial and Corporate Change. - Oxford University Press. - Vol. 21.2012, 2, p. 403-427
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Access to water in the slums of the developing world
Dagdeviren, Hulya, (2009)
-
Redistribution does matter: Growth and redistribution for poverty reduction
Dagdeviren, Hulya, (2002)
-
Promberger, Markus, (2014)
- More ...