Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways
Almost a decade after Argentina began privatizing its railways, resolution of conflicts between regulators, users, and operators continues to take longer, and to be more difficult, than expected. The authors contend that many of these conflicts aro...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/07/1551998/processes-information-accounting-gaps-regulation-argentinas-private-railways http://hdl.handle.net/10986/19579 |
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okr-10986-195792021-04-23T14:03:43Z Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways Campos-Mendez, Javier Estache, Antonio Trujillo, Lourdes ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PROCEDURES ACTUAL COST ALLOCATIVE EFFICIENCY BALANCE SHEETS BORROWING COMPLIANCE COSTS CREDIT RATIONING ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC MECHANISMS ECONOMIC SITUATION ECONOMICS EMPLOYMENT ENVIRONMENTAL QUALITY FINANCIAL INFORMATION FISCAL POLICIES FISCAL YEAR INPUT PRICES KNOWING LAWS LEGAL FRAMEWORK MANDATES MINES MONOPOLIES MUNICIPAL GOVERNMENTS OPERATING LOSSES PENALTIES PRIVATIZATION PRODUCTIVITY PUBLIC SERVICES QUALITY STANDARDS REGULATORY FRAMEWORK REGULATORY OBJECTIVES REORGANIZATION TECHNICAL STANDARDS TRAFFIC MANAGEMENT TRANSPORT VARIABLE COSTS Almost a decade after Argentina began privatizing its railways, resolution of conflicts between regulators, users, and operators continues to take longer, and to be more difficult, than expected. The authors contend that many of these conflicts arose because there are no rules for interactions between the key stakeholders: government, regulators, users, unions, and the media. One result of inexperience in setting up concession agreement has been that the agreements did not clearly define the information needed for oversight and regulation. Argentine rail concession contracts were supposed to be specific about the way tariffs, quality, investment, exclusivity, and so on, would change over time. And the newly created regulatory bodies were given some discretion about adjusting the contracts in the face of unforeseen developments. However, initial privatization were carried out in such a way that there was no time to refine terms, so many loopholes remained. Those unforeseen events have happened, and the regulatory agency, the National Commission for Transport Regulation (CNRT), has had to adapt its procedures and decisions to available information. In some cases, alleged modifications of the operating environment have led to renegotiations. Changes have been introduced in the approach to furnishing information to the government for oversight and regulatory accounting. The changes center on clearer definitions in connection with four major issues: a) The measurement of efficiency; b) access prices; and c) the financial model. Circumstances in the Argentine rail industry early in 2001 did not favor dramatic changes, but current renegotiations could be used to adjust information requirements to reflect what has been learned through six years of experience. 2014-08-21T18:51:40Z 2014-08-21T18:51:40Z 2001-07 http://documents.worldbank.org/curated/en/2001/07/1551998/processes-information-accounting-gaps-regulation-argentinas-private-railways http://hdl.handle.net/10986/19579 English en_US Policy Research Working Paper;No. 2636 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PROCEDURES ACTUAL COST ALLOCATIVE EFFICIENCY BALANCE SHEETS BORROWING COMPLIANCE COSTS CREDIT RATIONING ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC MECHANISMS ECONOMIC SITUATION ECONOMICS EMPLOYMENT ENVIRONMENTAL QUALITY FINANCIAL INFORMATION FISCAL POLICIES FISCAL YEAR INPUT PRICES KNOWING LAWS LEGAL FRAMEWORK MANDATES MINES MONOPOLIES MUNICIPAL GOVERNMENTS OPERATING LOSSES PENALTIES PRIVATIZATION PRODUCTIVITY PUBLIC SERVICES QUALITY STANDARDS REGULATORY FRAMEWORK REGULATORY OBJECTIVES REORGANIZATION TECHNICAL STANDARDS TRAFFIC MANAGEMENT TRANSPORT VARIABLE COSTS |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PROCEDURES ACTUAL COST ALLOCATIVE EFFICIENCY BALANCE SHEETS BORROWING COMPLIANCE COSTS CREDIT RATIONING ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC MECHANISMS ECONOMIC SITUATION ECONOMICS EMPLOYMENT ENVIRONMENTAL QUALITY FINANCIAL INFORMATION FISCAL POLICIES FISCAL YEAR INPUT PRICES KNOWING LAWS LEGAL FRAMEWORK MANDATES MINES MONOPOLIES MUNICIPAL GOVERNMENTS OPERATING LOSSES PENALTIES PRIVATIZATION PRODUCTIVITY PUBLIC SERVICES QUALITY STANDARDS REGULATORY FRAMEWORK REGULATORY OBJECTIVES REORGANIZATION TECHNICAL STANDARDS TRAFFIC MANAGEMENT TRANSPORT VARIABLE COSTS Campos-Mendez, Javier Estache, Antonio Trujillo, Lourdes Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| geographic_facet |
Latin America & Caribbean |
| relation |
Policy Research Working Paper;No. 2636 |
| description |
Almost a decade after Argentina began
privatizing its railways, resolution of conflicts between
regulators, users, and operators continues to take longer,
and to be more difficult, than expected. The authors contend
that many of these conflicts arose because there are no
rules for interactions between the key stakeholders:
government, regulators, users, unions, and the media. One
result of inexperience in setting up concession agreement
has been that the agreements did not clearly define the
information needed for oversight and regulation. Argentine
rail concession contracts were supposed to be specific about
the way tariffs, quality, investment, exclusivity, and so
on, would change over time. And the newly created regulatory
bodies were given some discretion about adjusting the
contracts in the face of unforeseen developments. However,
initial privatization were carried out in such a way that
there was no time to refine terms, so many loopholes
remained. Those unforeseen events have happened, and the
regulatory agency, the National Commission for Transport
Regulation (CNRT), has had to adapt its procedures and
decisions to available information. In some cases, alleged
modifications of the operating environment have led to
renegotiations. Changes have been introduced in the approach
to furnishing information to the government for oversight
and regulatory accounting. The changes center on clearer
definitions in connection with four major issues: a) The
measurement of efficiency; b) access prices; and c) the
financial model. Circumstances in the Argentine rail
industry early in 2001 did not favor dramatic changes, but
current renegotiations could be used to adjust information
requirements to reflect what has been learned through six
years of experience. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Campos-Mendez, Javier Estache, Antonio Trujillo, Lourdes |
| author_facet |
Campos-Mendez, Javier Estache, Antonio Trujillo, Lourdes |
| author_sort |
Campos-Mendez, Javier |
| title |
Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| title_short |
Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| title_full |
Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| title_fullStr |
Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| title_full_unstemmed |
Processes, Information, and Accounting Gaps in the Regulation of Argentina's Private Railways |
| title_sort |
processes, information, and accounting gaps in the regulation of argentina's private railways |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/07/1551998/processes-information-accounting-gaps-regulation-argentinas-private-railways http://hdl.handle.net/10986/19579 |
| _version_ |
1764440066528116736 |