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Combining Private and Public Resources: Captive Power Plants and Electricity Sector Development in Bangladesh

Amin, S.; Jamasb, T.; Llorca, M.; Marsiliani, L.; Renstrom, T.I.

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Authors

S. Amin

T. Jamasb

M. Llorca



Abstract

Developing economies need to efficiently utilize both public and private resources to develop their energy sectors. The opportunity cost of failing to do so is high. This article uses a Dynamic Stochastic General Equilibrium (DSGE) approach to assess the integration of the Captive Power Plants (CPPs) in the power sector of Bangladesh. We find that if Bangladesh shut down the CPPs, the long-run industrial output and GDP would fall by 1.5% and 1.2%, respectively. The Impulse Response Functions (IRFs) show that the Bangladesh economy would be more vulnerable to oil price shocks without CPPs. In order to minimize distortion in the energy markets, the government could instead consider alternative reforms such as promoting the use of efficient production technologies or the replacement of fossil fuels with renewable energy sources.

Citation

Amin, S., Jamasb, T., Llorca, M., Marsiliani, L., & Renstrom, T. (2021). Combining Private and Public Resources: Captive Power Plants and Electricity Sector Development in Bangladesh. Emerging Markets Finance and Trade, 57(14), 3891-3912. https://doi.org/10.1080/1540496x.2019.1703107

Journal Article Type Article
Acceptance Date Dec 7, 2019
Online Publication Date Dec 18, 2019
Publication Date 2021
Deposit Date Dec 10, 2019
Publicly Available Date Feb 8, 2022
Journal Emerging Markets Finance and Trade
Print ISSN 1540-496X
Electronic ISSN 1558-0938
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 57
Issue 14
Pages 3891-3912
DOI https://doi.org/10.1080/1540496x.2019.1703107
Public URL https://durham-repository.worktribe.com/output/1281785

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Accepted Journal Article (888 Kb)
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Publisher Licence URL
http://creativecommons.org/licenses/by-nc/4.0/

Copyright Statement
This is an Accepted Manuscript version of the following article, accepted for publication in Emerging Markets Finance and Trade. Amin, S., Jamasb, T., Llorca, M., Marsiliani, L. & Renstrom, T. I. (2021). Combining Private and Public Resources: Captive Power Plants and Electricity Sector Development in Bangladesh. Emerging Markets Finance and Trade 57(14): 3891-3912. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.







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