Econometric Modeling of the Efficiency in the Generation of Electric Power in Chile

Hanns de la Fuente-Mella, Ana María Vallina-Hernández, Rodrigo Estay-Cornejo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

This research proposes the estimation of stochastic frontiers model using panel data, to measure the technical efficiencies in 4 perspectives for the electricity generation sector in Chile for the period 2010–2015. The first perspective is to analyze the main companies in the sector; the second is about generation plants based on their contribution only as energy generates; the third is also power plants, but this time considering its contribution as generation and security to the system; and a fourth analysis is following the third model, but this time only considering the year 2015 in order to get a greater sampling of power plants and generation sources. The estimation also used 2 functional forms of production for each analysis: Cobb-Douglas and Translogarithmic that are compared to obtain the best representation of the data. The results show to which companies, plants and generation sources are the most and least efficient.

Original languageEnglish
Title of host publicationAdvances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2019 International Conference on Human Factors, Business Management and Society, and the AHFE International Conference on Human Factors in Management and Leadership
EditorsJussi Ilari Kantola, Salman Nazir
PublisherSpringer Verlag
Pages352-360
Number of pages9
ISBN (Print)9783030201531
DOIs
StatePublished - 2020
Externally publishedYes
EventAHFE International Conference on Human Factors, Business Management and Society, and the AHFE International Conference on Human Factors in Management and Leadership, 2019 - Washington D.C., United States
Duration: 24 Jul 201928 Jul 2019

Publication series

NameAdvances in Intelligent Systems and Computing
Volume961
ISSN (Print)2194-5357
ISSN (Electronic)2194-5365

Conference

ConferenceAHFE International Conference on Human Factors, Business Management and Society, and the AHFE International Conference on Human Factors in Management and Leadership, 2019
Country/TerritoryUnited States
CityWashington D.C.
Period24/07/1928/07/19

Keywords

  • Econometric modeling
  • Electric power
  • Technical efficiency - energy generation

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