The efficiencies of Chinese coal-fired power plants: a stochastic-frontier approach
We apply the stochastic frontier of translog production function to estimate the efficiencies of Chinese coal-fired power plants, using a survey sample of 300 power plants over 5 years from 2004 to 2008 for estimation. By taking into account, the ages of generators and a technological factor reflected by a dummy for supercritical generators, we identified the improvement of efficiencies in the Chinese power industry over the period, and the coal-fired power plants that still run inefficiently by approximate 9% on average when compared with the best practice of cost efficiency in the power industry.
Year of publication: |
2014
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Authors: | Lesourd, Jean-Baptiste ; Liu, Guy ; Genoud, Stéphane |
Published in: |
Journal of Chinese Economic and Business Studies. - Taylor & Francis Journals, ISSN 1476-5284. - Vol. 12.2014, 4, p. 383-393
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Publisher: |
Taylor & Francis Journals |
Saved in:
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