Malmquist indices of productivity change in the UK gas industry before and after privatization

  • Price C
  • Weyman-Jones T
  • 19


    Mendeley users who have this article in their library.
  • 74


    Citations of this article.


The UK Government's privatization programme was justified in terms of potential efficiency gains. This paper concentrates on measures of technical efficiency in the regions of the UK natural gas industry before and after privatization and the associated regulatory changes. It uses non-parametric frontier analysis and Malmquist indices to show that the rate of productivity growth increased significantly after privatization. However the differences in technical efficiency amongst regions remain, suggesting that failure to break up the industry has sacrificed potential gains from direct competition or indirect competition through yardstick regulation.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document


Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free