The Impact of Restructuring on Efficiency of the Iran's Electricity Industry

During the last recent decades, Restructuring in the electricity industry has been considered as an economical policy. Consequently, it was able to increase private investment, competition, efficiency, and productivity. The purpose of restructuring electricity industry is to change electricity industry organization, in order to omit monopoly and increase competition. Recognition of restructuring trend and its elements can help the process of choosing and adapting it with Iran's electricity industry. The purpose of the present study is to investigate the effects of restructuring on productivity of employed workforce in Iran’s electricity industry. In order to examine the way restructuring and other effective elements would affect industry productivity; the methodology of Auto Regressive Distributed Lag Models (ARDL) was used. Results indicate that both in the long term and short term, the restructuring variables have positive and meaningful effects on both the productivity of employed workforce in electricity industry and electricity intensive in Iran.