The Degree of Commitment to Regulator Independence: Measurement and Impact

42 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

This study computes measures of the degree of independence in practice of telecommunications regulators for Latin American and Caribbean countries in a new data set for 23 countries between 1990 and 2004. We focus on the degree to which governments are able to commit to preserve regulator independence. We combine this information with data on legal Independence to construct indices of regulator independence that are more realistic than those used by the existing literature. Econometric results confirm that regulator independence has a positive impact on telecommunications performance, but purely legal indices appear to under-estimate this impact.

Keywords: regulation, independence, strategic delegation, telecommunications

JEL Classification: L51, L96

Suggested Citation

Montoya, Miguel A. and Trillas Jané, Francesc, The Degree of Commitment to Regulator Independence: Measurement and Impact (February 19, 2014). Available at SSRN: https://ssrn.com/abstract=2398524 or http://dx.doi.org/10.2139/ssrn.2398524

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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