Regulatory Agencies: Impact on Firm Performance and Social Welfare
28 Pages Posted: 20 Apr 2016
Date Written: February 1, 2008
The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.
Keywords: Infrastructure Regulation, Privatization, Energy Production and Transportation, Emerging Markets, Regulatory Regimes
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