{"title":"欧盟天然气行业的监管和投资:面板数据分析","authors":"I. Soares, S. Magalhães","doi":"10.1109/EEM.2012.6254785","DOIUrl":null,"url":null,"abstract":"In this paper we evaluate the impact of regulation on the investment carried by natural gas transmission and distribution companies in the EU through a panel data of fixed effects. Our sample is composed by nine countries and twenty-three utilities for the period 2000-2009. We find that there is a significant, positive impact on the regulated companies' investment whenever cost-of-service regulation is implemented. Given the empirical evidence and the perspectives for the sector evolution, we conclude for a paradigm shift in the regulation model towards the development and the acceptance of a traditional approach that guarantees the security of supply and the expected demand growth.","PeriodicalId":383754,"journal":{"name":"2012 9th International Conference on the European Energy Market","volume":"9 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2012-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Regulation and investment in the EU natural gas sector: A panel data analysis\",\"authors\":\"I. Soares, S. Magalhães\",\"doi\":\"10.1109/EEM.2012.6254785\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this paper we evaluate the impact of regulation on the investment carried by natural gas transmission and distribution companies in the EU through a panel data of fixed effects. Our sample is composed by nine countries and twenty-three utilities for the period 2000-2009. We find that there is a significant, positive impact on the regulated companies' investment whenever cost-of-service regulation is implemented. Given the empirical evidence and the perspectives for the sector evolution, we conclude for a paradigm shift in the regulation model towards the development and the acceptance of a traditional approach that guarantees the security of supply and the expected demand growth.\",\"PeriodicalId\":383754,\"journal\":{\"name\":\"2012 9th International Conference on the European Energy Market\",\"volume\":\"9 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2012-05-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2012 9th International Conference on the European Energy Market\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/EEM.2012.6254785\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2012 9th International Conference on the European Energy Market","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/EEM.2012.6254785","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Regulation and investment in the EU natural gas sector: A panel data analysis
In this paper we evaluate the impact of regulation on the investment carried by natural gas transmission and distribution companies in the EU through a panel data of fixed effects. Our sample is composed by nine countries and twenty-three utilities for the period 2000-2009. We find that there is a significant, positive impact on the regulated companies' investment whenever cost-of-service regulation is implemented. Given the empirical evidence and the perspectives for the sector evolution, we conclude for a paradigm shift in the regulation model towards the development and the acceptance of a traditional approach that guarantees the security of supply and the expected demand growth.
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