Infrastructure Privatization and Regulation : Promises and Perils

Infrastructure is crucial for generating growth, alleviating poverty, and increasing international competitiveness. For much of the twentieth century and in most countries, the network utilities that delivered infrastructure services such as electr...

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Bibliographic Details
Main Author:	Kessides, Ioannis N.
Format:	Journal Article
Language:	English en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ADVANCED ECONOMIES AIRPORT AUDITING AUTONOMY BANKING SECTOR BANKRUPTCY BUDGET DEFICITS CIVIL SERVICE CODES OF CONDUCT COLLUSION COMPARATIVE ADVANTAGE COMPETITIVE MARKET COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS CROSS SUBSIDIES DEBT DEREGULATION DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EQUITY ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC REFORM ECONOMIC REFORMS ECONOMIC SHOCKS ECONOMIC THEORY ELECTRICITY EMPLOYMENT EXCESS DEMAND EXTERNALITIES FINANCIAL CONSTRAINTS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCING OF INFRASTRUCTURE FIXED ASSETS FOREIGN INVESTMENT FREE MARKETS FREIGHT FREIGHT TRAFFIC GLOBAL MARKET GOVERNMENT INTERVENTION GROSS DOMESTIC PRODUCT HORIZONTAL INTEGRATION INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME LEVELS INCOME TAXES INCOMES INDUSTRIAL COUNTRIES INDUSTRIAL ECONOMIES INEFFICIENCY INFLATION INFLATION TAX INFLATION TAXES INFORMATION ASYMMETRIES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PRIVATIZATION INFRASTRUCTURE PROJECTS INFRASTRUCTURE REFORM INFRASTRUCTURE REGULATION INSTITUTION BUILDING INSTITUTIONAL CAPACITY JURISDICTIONS LEGISLATION LIBERALIZATION LOCAL GOVERNMENT LONG-DISTANCE LOW-INCOME COUNTRIES MANDATES MARGINAL COSTS MARKET ECONOMY MARKET SHARE MARKET SHARES MIDDLE-INCOME COUNTRIES MINISTRY OF TRANSPORT MONOPOLIES MONOPOLY NATURAL MONOPOLIES NATURAL MONOPOLY NET ASSETS OPERATING EFFICIENCY OUTPUT PENALTIES PORT AUTHORITY PORT INFRASTRUCTURE PORTS POST OFFICES POTENTIAL INVESTORS POWER OUTAGES PRICE CHANGES PRICE INCREASES PRICE RISKS PRIVATE CAPITAL PRIVATE ENTITIES PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATIONS PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PUBLIC PUBLIC DEFICITS PUBLIC ENTERPRISES PUBLIC FINANCES PUBLIC FUNDS PUBLIC GOOD PUBLIC INFRASTRUCTURE PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SERVICES PUBLIC UTILITIES PUBLIC UTILITY RAIL RAIL INDUSTRY RAIL SYSTEMS RAIL TRACK RAIL USERS RAILROAD RAILROADS RAILWAY RAILWAYS RATE OF RETURN REFORM PROGRAM REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITY REGULATORY BODIES REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY OVERSIGHT REGULATORY REGIMES REGULATORY SYSTEM REGULATORY SYSTEMS REORGANIZATION RETURN ON EQUITY REVENUE ADEQUACY RISK PREMIUMS ROUTE SAFETY SAFETY NETS SANITATION SAVINGS SCANDALS SEWAGE SOCIAL WELFARE STATE ENTERPRISES STOCK MARKET STOCK MARKET COLLAPSES TAX TAX REVENUE TAX REVENUES TAX SYSTEM TAX SYSTEMS TAXATION TECHNICAL ASSISTANCE TECHNOLOGICAL CHANGES TELECOMMUNICATIONS TELECOMMUNICATIONS REFORM TELECOMMUNICATIONS REGULATION TELEPHONE SERVICES TRAFFIC GROWTH TRANSACTION COSTS TRANSITION ECONOMIES TRANSITION ECONOMY TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORT INFRASTRUCTURE TRANSPORT MODES TRANSPORT NETWORK TRANSPORTATION TRUE VALUE ADDED VERTICAL INTEGRATION WATER SUPPLY WHOLESALE PRICES
Online Access:	http://documents.worldbank.org/curated/en/2005/03/17591908/infrastructure-privatization-regulation-promises-perils http://hdl.handle.net/10986/16404