Regulatory Agencies: Impact on Firm Performance and Social Welfare

28 Pages Posted: 20 Apr 2016

See all articles by Antonio Estache

Antonio Estache

Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)

Martin A. Rossi

affiliation not provided to SSRN

Date Written: February 1, 2008

Abstract

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

Suggested Citation

Estache, Antonio and Rossi, Martin A., Regulatory Agencies: Impact on Firm Performance and Social Welfare (February 1, 2008). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2008. Available at SSRN: https://ssrn.com/abstract=1091334

Antonio Estache

Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) ( email )

Ave. Franklin D Roosevelt, 50 - C.P. 114
Brussels, B-1050
Belgium
32 (0)2 6503838 (Phone)

Martin A. Rossi (Contact Author)

affiliation not provided to SSRN

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