Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth
The link between economic growth, and better provision of infrastructure services may be unproven, but it is clear that reforms to make infrastructure services more competitive (where possible), and to provide strong, and independent economic regul...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2000/08/693338/infrastructure-restructuring-regulation-building-base-sustainable-growth http://hdl.handle.net/10986/19800 |
| id |
okr-10986-19800 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-198002021-04-23T14:03:46Z Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth Alexander, Ian Estache, Antonio ASSET SALES AVERAGE PRODUCTIVITY BARRIERS TO ENTRY CAPITALIZATION COMPETITIVE MARKETS COST BENEFIT ANALYSIS DEREGULATION DEVELOPED COUNTRIES ECONOMIC GROWTH ECONOMIC PROBLEMS ELASTICITIES ELECTRICITY EMPLOYMENT EQUILIBRIUM EXPENDITURES GENERAL EQUILIBRIUM MODEL GROWTH RATE INCOME INTERNATIONAL DEVELOPMENT LABOR PRODUCTIVITY MARKET COMPETITION MIGRATION NATURAL MONOPOLIES PENALTIES PER CAPITA INCOME PERFORMANCE MEASURES PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROVISION OF INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES REGULATORY INSTITUTIONS RESIDENTIAL TARIFFS ROADS SAVINGS SERVICE DELIVERY SEWERAGE SERVICES SOCIAL WELFARE SUSTAINABLE GROWTH TELECOMMUNICATIONS TELEPHONE LINES TELEPHONES TRADEOFFS TRANSPARENCY TRANSPORT UTILITIES The link between economic growth, and better provision of infrastructure services may be unproven, but it is clear that reforms to make infrastructure services more competitive (where possible), and to provide strong, and independent economic regulation of natural monopolies, do create an environment more conducive to: 1) Private sector participation in infrastructure investments. 2) companies trying to cut costs, and pass the savings on to consumers. 3) Better provision of services (through faster rollout of infrastructure, for example, and through innovative solutions for delivering services to customers who are not connected to an existing network). It is important that policymakers make the right decisions when deciding how to restructure infrastructure. First, they should review the evidence on the impact various types of reform have had. The authors provide an overview of the evidence from - and lessons learned in - Latin America, one of the first regions to undertake wholesale reform of its infrastructure service provides. Among their conclusions: a) the reform of utility, and infrastructure industries is vital to economic growth. b) Apparently well-founded, but wrong decisions can damage growth prospects. C) Reform should combine changes in industry structure, ownership, and (through effective regulation) behavior. To minimize the risk of misconduct by infrastructure companies, the government should introduce: i) As much competition as possible (after evaluating all tradeoffs). ii) Rules to limit (or eliminate) vertical, and horizontal ownership, which makes it difficult to regulate company behavior. iii) Rules to ensure that regulators get all the information they need, and that it is timely, consistent, and accurate. 2014-08-27T21:17:10Z 2014-08-27T21:17:10Z 2000-08 http://documents.worldbank.org/curated/en/2000/08/693338/infrastructure-restructuring-regulation-building-base-sustainable-growth http://hdl.handle.net/10986/19800 English en_US Policy Research Working Paper;No. 2415 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 |
| 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 |
ASSET SALES AVERAGE PRODUCTIVITY BARRIERS TO ENTRY CAPITALIZATION COMPETITIVE MARKETS COST BENEFIT ANALYSIS DEREGULATION DEVELOPED COUNTRIES ECONOMIC GROWTH ECONOMIC PROBLEMS ELASTICITIES ELECTRICITY EMPLOYMENT EQUILIBRIUM EXPENDITURES GENERAL EQUILIBRIUM MODEL GROWTH RATE INCOME INTERNATIONAL DEVELOPMENT LABOR PRODUCTIVITY MARKET COMPETITION MIGRATION NATURAL MONOPOLIES PENALTIES PER CAPITA INCOME PERFORMANCE MEASURES PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROVISION OF INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES REGULATORY INSTITUTIONS RESIDENTIAL TARIFFS ROADS SAVINGS SERVICE DELIVERY SEWERAGE SERVICES SOCIAL WELFARE SUSTAINABLE GROWTH TELECOMMUNICATIONS TELEPHONE LINES TELEPHONES TRADEOFFS TRANSPARENCY TRANSPORT UTILITIES |
| spellingShingle |
ASSET SALES AVERAGE PRODUCTIVITY BARRIERS TO ENTRY CAPITALIZATION COMPETITIVE MARKETS COST BENEFIT ANALYSIS DEREGULATION DEVELOPED COUNTRIES ECONOMIC GROWTH ECONOMIC PROBLEMS ELASTICITIES ELECTRICITY EMPLOYMENT EQUILIBRIUM EXPENDITURES GENERAL EQUILIBRIUM MODEL GROWTH RATE INCOME INTERNATIONAL DEVELOPMENT LABOR PRODUCTIVITY MARKET COMPETITION MIGRATION NATURAL MONOPOLIES PENALTIES PER CAPITA INCOME PERFORMANCE MEASURES PRICE CHANGES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROVISION OF INFRASTRUCTURE PUBLIC SECTOR PUBLIC UTILITIES REGULATORY INSTITUTIONS RESIDENTIAL TARIFFS ROADS SAVINGS SERVICE DELIVERY SEWERAGE SERVICES SOCIAL WELFARE SUSTAINABLE GROWTH TELECOMMUNICATIONS TELEPHONE LINES TELEPHONES TRADEOFFS TRANSPARENCY TRANSPORT UTILITIES Alexander, Ian Estache, Antonio Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| geographic_facet |
Latin America |
| relation |
Policy Research Working Paper;No. 2415 |
| description |
The link between economic growth, and
better provision of infrastructure services may be unproven,
but it is clear that reforms to make infrastructure services
more competitive (where possible), and to provide strong,
and independent economic regulation of natural monopolies,
do create an environment more conducive to: 1) Private
sector participation in infrastructure investments. 2)
companies trying to cut costs, and pass the savings on to
consumers. 3) Better provision of services (through faster
rollout of infrastructure, for example, and through
innovative solutions for delivering services to customers
who are not connected to an existing network). It is
important that policymakers make the right decisions when
deciding how to restructure infrastructure. First, they
should review the evidence on the impact various types of
reform have had. The authors provide an overview of the
evidence from - and lessons learned in - Latin America, one
of the first regions to undertake wholesale reform of its
infrastructure service provides. Among their conclusions: a)
the reform of utility, and infrastructure industries is
vital to economic growth. b) Apparently well-founded, but
wrong decisions can damage growth prospects. C) Reform
should combine changes in industry structure, ownership, and
(through effective regulation) behavior. To minimize the
risk of misconduct by infrastructure companies, the
government should introduce: i) As much competition as
possible (after evaluating all tradeoffs). ii) Rules to
limit (or eliminate) vertical, and horizontal ownership,
which makes it difficult to regulate company behavior. iii)
Rules to ensure that regulators get all the information they
need, and that it is timely, consistent, and accurate. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Alexander, Ian Estache, Antonio |
| author_facet |
Alexander, Ian Estache, Antonio |
| author_sort |
Alexander, Ian |
| title |
Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| title_short |
Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| title_full |
Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| title_fullStr |
Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| title_full_unstemmed |
Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth |
| title_sort |
infrastructure restructuring and regulation : building a base for sustainable growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2000/08/693338/infrastructure-restructuring-regulation-building-base-sustainable-growth http://hdl.handle.net/10986/19800 |
| _version_ |
1764441429949546496 |