The Measurement of Regulator Independence in Practice: Latin America and the Caribbean

25 Pages Posted: 21 Feb 2014

See all articles by Miguel A. Montoya

Miguel A. Montoya

Instituto Tecnológico de Estudios Superiores de Monterrey

Francesc Trillas

Autonomous University of Barcelona - Department of Economics; University of Navarra - IESE Business School

Date Written: February 19, 2014

Abstract

We present case studies of the evolution of regulatory independence in practice for 23 Latin American and Caribbean countries in the telecommunications industry. Based on these studies, we construct two realistic indices of regulatory independence, which improve upon the measures of independence that have been used so far in the empirical regulation literature. We show that legal indices may give a partially distorted picture of the commitment ability of institutions and of the impact of independence on network penetration.

Keywords: regulation, independence, strategic delegation, telecommunications

JEL Classification: L51

Suggested Citation

Montoya, Miguel A. and Trillas Jané, Francesc, The Measurement of Regulator Independence in Practice: Latin America and the Caribbean (February 19, 2014). Available at SSRN: https://ssrn.com/abstract=2398519 or http://dx.doi.org/10.2139/ssrn.2398519

Miguel A. Montoya (Contact Author)

Instituto Tecnológico de Estudios Superiores de Monterrey ( email )

Av. General Ramón Corona No.2514
Zapopan, Jalisco, 45201
Mexico
523336693000 (Phone)

HOME PAGE: http://www.itesm.mx/wps/wcm/connect/Campus/GDA/Guadalajara/

Francesc Trillas Jané

Autonomous University of Barcelona - Department of Economics ( email )

Avda. Diagonal 690
Barcelona, 08034
Spain

University of Navarra - IESE Business School

Avenida Pearson 21
Barcelona, 08034
Spain

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