Article

On the Theory and Evidence on Regulation of Network Industries in Developing Countries

Antonio Estache and Liam Wren‐Lewis

in The Oxford Handbook of Regulation

Published in print September 2010 | ISBN: 9780199560219
Published online September 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199560219.003.0016

Series: Oxford Handbooks in Business and Management

On the Theory and Evidence on Regulation of Network Industries in Developing Countries

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The corpus of research on developing countries of the last five to ten years shows that the design of regulatory systems has to address many goals under very tight institutional capacity constraints. These goals range from standard economic concerns such as efficiency, equity, or fiscal sustainability when the networks rely heavily on subsidies to more political concerns including notably the need to ensure more accountability of the providers of the services. This article provides a brief overview of the ownership structure and organisation of regulation in developing countries. It identifies the four key institutional limitations that are found in developing countries: capacity, commitment, accountability, and fiscal efficiency. Furthermore, this article discusses their implications and the regulatory policy options available to address them. It shows some of the trade-offs and inconsistencies due to conflicts in the optimal strategy to deal with different problems. Finally, it summarises the relevant empirical results.

Keywords: developing countries; capacity; commitment; accountability; fiscal efficiency

Article.  15495 words. 

Subjects: Business and Management ; Business and Government ; International Business

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