Regulatory Effectiveness : The Impact of Regulation and Regulatory Governance Arrangements on Electricity Industry Outcomes

The authors review a number of studies on the effectiveness of utility regulatory agency and governance arrangements for the electricity industry, particularly for developing countries. They discuss governance criteria and their measurement, both legal frameworks and surveys of regulatory practice. They also discuss the results from econometric studies of effectiveness for regulatory agencies in the electricity and telecommunications industries and compare these with the results from econometric studies of independent central banks and their governance. The authors conclude with a discussion of policy implications and of priorities for information collection to improve understanding of these issues.

Bibliographic Details

Main Authors:	Stern, Jon, Cubbin, John
Language:	English
Published:	World Bank, Washington, DC 2005-03
Subjects:	ACCOUNTABILITY, ADB, AUTONOMY, BANKS, BUREAUCRACY, BUSINESS STRATEGY, CENTRAL BANKS, CIVIL SERVICE, CIVIL SOCIETY, CONCESSION, CONCESSION CONTRACTS, DATA COLLECTION, DECISION MAKING, DECISION-MAKING, DIRECTIVES, ECONOMIC REFORM, ECONOMIC REGULATION, EFFECTIVE GOVERNANCE, EXCESS DEMAND, FRANCHISE, IMPACT OF REGULATION, INSTITUTIONAL ECONOMICS, JURISDICTIONS, LAWS, LEGAL PROVISIONS, LEGISLATION, LEVIES, MEDIA, MONOPOLIES, MONOPOLY, NATURAL MONOPOLY, POLICY RESEARCH, POLITICAL SYSTEMS, PRIVATE SECTOR, PRIVATIZATION, PRODUCTIVITY, PROGRAMS, PUBLIC PARTICIPATION, PUBLIC POLICY, REGULATOR, REGULATORS, REGULATORY AGENCIES, REGULATORY AGENCY, REGULATORY BODIES, REGULATORY CAPACITY, REGULATORY COMMISSIONS, REGULATORY DATA, REGULATORY EFFECTIVENESS, REGULATORY FUNCTIONS, REGULATORY INSTITUTIONS, REGULATORY PRINCIPLES, REGULATORY REFORM, REGULATORY REGIMES, REGULATORY SYSTEM, TAX REVENUES, TELECOMMUNICATIONS, TELECOMS, TRANSACTION COSTS, TRANSITION ECONOMIES, TRANSPARENCY, TRANSPORT, UTILITY REGULATION,
Online Access:	http://documents.worldbank.org/curated/en/2005/03/5657362/regulatory-effectiveness-impact-regulation-regulatory-governance-arrangements-electricity-industry-outcomes https://hdl.handle.net/10986/8875
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