GAO, Hang; BIESEBROECK, Jo VAN - Centrum voor Economische Studiën, Faculteit Economie … - 2011
We study whether the 2002 deregulation and vertical unbundling of the Chinese electricity sector has boosted productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and for firm-fixed effects, we find deregulation to be...