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Current Events: The Effects of Electricity Deregulation on State Economies *
Author(s) -
Coulson N. Edward
Publication year - 2006
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.0022-4146.2006.00436.x
Subject(s) - deregulation , electricity , economics , electricity market , state (computer science) , monetary economics , market economy , labour economics , engineering , algorithm , computer science , electrical engineering
. Panel regressions indicate that state electricity deregulation in the US is associated with higher housing prices, increased activity in the housing market, and lower wages, all of which are consistent with a model of compensating differentials wherein deregulation (which is shown to indeed lower electricity prices) increased the utility of state residents. On the other hand, there is no link between deregulation and job creation.