Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries

The authors assess for 28 developing countries over the period 1980-2001 whether the existence of a regulatory law and higher quality regulatory governance are significantly associated with superior electricity outcomes. Their analysis draws on theoretical and empirical work on the impact of indepen...

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Main Authors:	Cubbin, John, Stern, John
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY AUTONOMY BANKS BENCHMARK BUDGET CONSTRAINTS CAPACITY/ CENTRAL BANK CENTRAL BANKS CIVIL SERVICE COAL CORRUPTION COST OF CAPITAL DATA COLLECTION DATA SOURCES DEBT DECISION-MAKING DEVELOPMENT AGENCIES DISEQUILIBRIUM ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY ELECTIONS ELECTRICITY DEMAND ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL STUDIES EQUILIBRIUM EXCHANGE RATE EXOGENOUS VARIABLES GDP GDP PER CAPITA INCOME INFLATION INSTITUTIONAL CHANGE INSTITUTIONAL DESIGN LABOR PRODUCTIVITY LAWS LEGISLATION LIVING STANDARDS MARKET ECONOMIES MIDDLE INCOME COUNTRIES MONETARY POLICY NATIONAL INCOME OIL PER CAPITA INCOME POLICY DECISIONS POLICY RESEARCH PRIVATIZATION PRODUCTIVITY PUBLIC EXPENDITURE REAL GDP REAL INCOME REGIONAL BANKS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY REFORM SEWAGE SUBSIDIARY TAX REVENUE TELECOMMUNICATIONS TELECOMS TIME SERIES TRANSITION ECONOMIES TRANSPORT VALUE ADDED
Online Access:	http://documents.worldbank.org/curated/en/2005/03/5650345/regulatory-effectiveness-empirical-impact-variations-regulatory-governance-electricity-industry-capacity-efficiency-developing-countries http://hdl.handle.net/10986/8872

id	okr-10986-8872
recordtype	oai_dc
spelling	okr-10986-88722021-04-23T14:02:42Z Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries Cubbin, John Stern, John ACCOUNTABILITY AUTONOMY BANKS BENCHMARK BUDGET CONSTRAINTS CAPACITY/ CENTRAL BANK CENTRAL BANKS CIVIL SERVICE COAL CORRUPTION COST OF CAPITAL DATA COLLECTION DATA SOURCES DEBT DECISION-MAKING DEVELOPMENT AGENCIES DISEQUILIBRIUM ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY ELECTIONS ELECTRICITY DEMAND ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL STUDIES EQUILIBRIUM EXCHANGE RATE EXOGENOUS VARIABLES GDP GDP PER CAPITA INCOME INFLATION INSTITUTIONAL CHANGE INSTITUTIONAL DESIGN LABOR PRODUCTIVITY LAWS LEGISLATION LIVING STANDARDS MARKET ECONOMIES MIDDLE INCOME COUNTRIES MONETARY POLICY NATIONAL INCOME OIL PER CAPITA INCOME POLICY DECISIONS POLICY RESEARCH PRIVATIZATION PRODUCTIVITY PUBLIC EXPENDITURE REAL GDP REAL INCOME REGIONAL BANKS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY REFORM SEWAGE SUBSIDIARY TAX REVENUE TELECOMMUNICATIONS TELECOMS TIME SERIES TRANSITION ECONOMIES TRANSPORT VALUE ADDED The authors assess for 28 developing countries over the period 1980-2001 whether the existence of a regulatory law and higher quality regulatory governance are significantly associated with superior electricity outcomes. Their analysis draws on theoretical and empirical work on the impact of independent central banks and of developing country telecommunications regulators. The authors' empirical analysis concludes that a regulatory law and higher quality governance are positively and significantly associated with higher per capita generation capacity levels. In addition, this positive impact continues to increase for at least three years and probably for over 10 years as experience develops and regulatory reputation grows. The results are robust to alternative dynamic specifications and show no sign of any significant endogeneity 2012-06-22T20:45:15Z 2012-06-22T20:45:15Z 2005-03 http://documents.worldbank.org/curated/en/2005/03/5650345/regulatory-effectiveness-empirical-impact-variations-regulatory-governance-electricity-industry-capacity-efficiency-developing-countries http://hdl.handle.net/10986/8872 English Policy Research Working Paper; No. 3535 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY AUTONOMY BANKS BENCHMARK BUDGET CONSTRAINTS CAPACITY/ CENTRAL BANK CENTRAL BANKS CIVIL SERVICE COAL CORRUPTION COST OF CAPITAL DATA COLLECTION DATA SOURCES DEBT DECISION-MAKING DEVELOPMENT AGENCIES DISEQUILIBRIUM ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY ELECTIONS ELECTRICITY DEMAND ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL STUDIES EQUILIBRIUM EXCHANGE RATE EXOGENOUS VARIABLES GDP GDP PER CAPITA INCOME INFLATION INSTITUTIONAL CHANGE INSTITUTIONAL DESIGN LABOR PRODUCTIVITY LAWS LEGISLATION LIVING STANDARDS MARKET ECONOMIES MIDDLE INCOME COUNTRIES MONETARY POLICY NATIONAL INCOME OIL PER CAPITA INCOME POLICY DECISIONS POLICY RESEARCH PRIVATIZATION PRODUCTIVITY PUBLIC EXPENDITURE REAL GDP REAL INCOME REGIONAL BANKS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY REFORM SEWAGE SUBSIDIARY TAX REVENUE TELECOMMUNICATIONS TELECOMS TIME SERIES TRANSITION ECONOMIES TRANSPORT VALUE ADDED
spellingShingle	ACCOUNTABILITY AUTONOMY BANKS BENCHMARK BUDGET CONSTRAINTS CAPACITY/ CENTRAL BANK CENTRAL BANKS CIVIL SERVICE COAL CORRUPTION COST OF CAPITAL DATA COLLECTION DATA SOURCES DEBT DECISION-MAKING DEVELOPMENT AGENCIES DISEQUILIBRIUM ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY ELECTIONS ELECTRICITY DEMAND ELECTRICITY GENERATION EMPIRICAL ANALYSIS EMPIRICAL STUDIES EQUILIBRIUM EXCHANGE RATE EXOGENOUS VARIABLES GDP GDP PER CAPITA INCOME INFLATION INSTITUTIONAL CHANGE INSTITUTIONAL DESIGN LABOR PRODUCTIVITY LAWS LEGISLATION LIVING STANDARDS MARKET ECONOMIES MIDDLE INCOME COUNTRIES MONETARY POLICY NATIONAL INCOME OIL PER CAPITA INCOME POLICY DECISIONS POLICY RESEARCH PRIVATIZATION PRODUCTIVITY PUBLIC EXPENDITURE REAL GDP REAL INCOME REGIONAL BANKS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK REGULATORY REFORM SEWAGE SUBSIDIARY TAX REVENUE TELECOMMUNICATIONS TELECOMS TIME SERIES TRANSITION ECONOMIES TRANSPORT VALUE ADDED Cubbin, John Stern, John Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
relation	Policy Research Working Paper; No. 3535
description	The authors assess for 28 developing countries over the period 1980-2001 whether the existence of a regulatory law and higher quality regulatory governance are significantly associated with superior electricity outcomes. Their analysis draws on theoretical and empirical work on the impact of independent central banks and of developing country telecommunications regulators. The authors' empirical analysis concludes that a regulatory law and higher quality governance are positively and significantly associated with higher per capita generation capacity levels. In addition, this positive impact continues to increase for at least three years and probably for over 10 years as experience develops and regulatory reputation grows. The results are robust to alternative dynamic specifications and show no sign of any significant endogeneity
format	Publications & Research :: Policy Research Working Paper
author	Cubbin, John Stern, John
author_facet	Cubbin, John Stern, John
author_sort	Cubbin, John
title	Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
title_short	Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
title_full	Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
title_fullStr	Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
title_full_unstemmed	Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries
title_sort	regulatory effectiveness and the empirical impact of variations in regulatory governance : electricity industry capacity and efficiency in developing countries
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/03/5650345/regulatory-effectiveness-empirical-impact-variations-regulatory-governance-electricity-industry-capacity-efficiency-developing-countries http://hdl.handle.net/10986/8872
_version_	1764407042863267840

Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance : Electricity Industry Capacity and Efficiency in Developing Countries

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