The power sector restructure and reforms: From Government Failure to Market Failure

G. S., Premakumara

ISBN 10: 3846550132 / ISBN 13: 9783846550137

Published by LAP LAMBERT Academic Publishing, 2011

About this Item

Seller Inventory # 401682823

Bibliographic Details

• Title: The power sector restructure and reforms: From Government Failure to Market Failure
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2011
• Language: English
• ISBN 10: 3846550132
• ISBN 13: 9783846550137
• Binding: Soft cover
• Condition: New

About this title

Synopsis

Electric power is a major infrastructure in all-economic activities. Growth of infrastructure will definitely induce the economic development in many ways. Electricity as a major input of economic development is having multiplier effect on gross national product, national income, investment, employment etc. It alleviates poverty, ensures economic sustainability, and induces investment in industry, agriculture and service sector. Thus it is imperative to develop and provide infrastructure facilities and services. Governments have been traditionally well aware of this and have given high priority to investment in infrastructure sector. Consequently, infrastructure services have been predominantly provided by the public sector in almost all countries. The restructure and reforms have increased the installed capacity, power generation, availability of power but the positive impacts of power have not transmitted to ultimate consumers. Therefore, government as well as quasi-market systems have failed to ensure adequate, reliable, continuous power supply to consumers at affordable prices.

About the Author

Dr. Premakumara, G.S. is assistant professor of Economics at University of Mysore where he has taught since 1999. His research interests include human development and infrastructure and the teaching of Econometrics. He has published numerous articles in both areas.He is also the author of Dictionary of Economics and Commerce, Research Methodology.