Regulatory Agencies : Impact on Firm Performance and Social Welfare

The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utili...

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Main Authors:	Estache, Antonio, Rossi, Martin A.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ALTERNATIVE SPECIFICATIONS APPROACH AVERAGE TARIFFS COST RECOVERY COUNTRY RISK DEBT DEVELOPING COUNTRIES DISTRIBUTION NETWORK ELECTRIC POWER ELECTRIC POWER DISTRIBUTION SYSTEMS ELECTRIC UTILITIES ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY DISTRIBUTION COMPANIES ELECTRICITY DISTRIBUTION SECTOR ELECTRICITY GENERATION ELECTRICITY GENERATION SECTOR ELECTRICITY SECTOR EMPIRICAL ANALYSIS EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENERGY ECONOMICS ENERGY LOSSES ENERGY SECTOR ENVIRONMENTAL VARIABLE EXECUTIVE DIRECTORS FIRM PERFORMANCE HORIZONTAL INTEGRATION IMPACT OF PRIVATIZATION INDEPENDENT REGULATOR INDEPENDENT REGULATORS INDEPENDENT REGULATORY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE SECTOR INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION LABOR PRODUCTIVITY LATIN AMERICAN MARKET MECHANISM MONOPOLY MUNICIPAL OWNERSHIP NETWORK LOSSES OUTPUT OUTPUTS OWNERSHIP STATUS PERFORMANCE INDICATORS PERFORMANCE OF PUBLIC POLITICAL CONSIDERATIONS POLITICAL INTERFERENCE POWER DISTRIBUTION PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVOLVEMENT PRIVATE OPERATOR PRIVATE OPERATORS PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATISATION PRIVATIZATION PRODUCTIVE EFFICIENCY PROFIT MAXIMIZING PUBLIC OPERATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY REFORM REGULATORY REFORMS REGULATORY REGIME RESIDENTIAL CUSTOMERS SERVICE DELIVERY SERVICE STANDARDS SOCIAL WELFARE SUSTAINABLE DEVELOPMENT TRANSFORMERS TRANSITION COUNTRIES TRANSLOG TRANSLOG FUNCTION WATER DISTRIBUTION YARDSTICK COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2008/02/8992718/regulatory-agencies-impact-firm-performance-social-welfare http://hdl.handle.net/10986/6373

id	okr-10986-6373
recordtype	oai_dc
spelling	okr-10986-63732021-04-23T14:02:31Z Regulatory Agencies : Impact on Firm Performance and Social Welfare Estache, Antonio Rossi, Martin A. ALTERNATIVE SPECIFICATIONS APPROACH AVERAGE TARIFFS COST RECOVERY COUNTRY RISK DEBT DEVELOPING COUNTRIES DISTRIBUTION NETWORK ELECTRIC POWER ELECTRIC POWER DISTRIBUTION SYSTEMS ELECTRIC UTILITIES ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY DISTRIBUTION COMPANIES ELECTRICITY DISTRIBUTION SECTOR ELECTRICITY GENERATION ELECTRICITY GENERATION SECTOR ELECTRICITY SECTOR EMPIRICAL ANALYSIS EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENERGY ECONOMICS ENERGY LOSSES ENERGY SECTOR ENVIRONMENTAL VARIABLE EXECUTIVE DIRECTORS FIRM PERFORMANCE HORIZONTAL INTEGRATION IMPACT OF PRIVATIZATION INDEPENDENT REGULATOR INDEPENDENT REGULATORS INDEPENDENT REGULATORY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE SECTOR INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION LABOR PRODUCTIVITY LATIN AMERICAN MARKET MECHANISM MONOPOLY MUNICIPAL OWNERSHIP NETWORK LOSSES OUTPUT OUTPUTS OWNERSHIP STATUS PERFORMANCE INDICATORS PERFORMANCE OF PUBLIC POLITICAL CONSIDERATIONS POLITICAL INTERFERENCE POWER DISTRIBUTION PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVOLVEMENT PRIVATE OPERATOR PRIVATE OPERATORS PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATISATION PRIVATIZATION PRODUCTIVE EFFICIENCY PROFIT MAXIMIZING PUBLIC OPERATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY REFORM REGULATORY REFORMS REGULATORY REGIME RESIDENTIAL CUSTOMERS SERVICE DELIVERY SERVICE STANDARDS SOCIAL WELFARE SUSTAINABLE DEVELOPMENT TRANSFORMERS TRANSITION COUNTRIES TRANSLOG TRANSLOG FUNCTION WATER DISTRIBUTION YARDSTICK COMPETITION The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare. 2012-05-24T18:33:14Z 2012-05-24T18:33:14Z 2008-02 http://documents.worldbank.org/curated/en/2008/02/8992718/regulatory-agencies-impact-firm-performance-social-welfare http://hdl.handle.net/10986/6373 English Policy Research Working Paper; No. 4509 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	ALTERNATIVE SPECIFICATIONS APPROACH AVERAGE TARIFFS COST RECOVERY COUNTRY RISK DEBT DEVELOPING COUNTRIES DISTRIBUTION NETWORK ELECTRIC POWER ELECTRIC POWER DISTRIBUTION SYSTEMS ELECTRIC UTILITIES ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY DISTRIBUTION COMPANIES ELECTRICITY DISTRIBUTION SECTOR ELECTRICITY GENERATION ELECTRICITY GENERATION SECTOR ELECTRICITY SECTOR EMPIRICAL ANALYSIS EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENERGY ECONOMICS ENERGY LOSSES ENERGY SECTOR ENVIRONMENTAL VARIABLE EXECUTIVE DIRECTORS FIRM PERFORMANCE HORIZONTAL INTEGRATION IMPACT OF PRIVATIZATION INDEPENDENT REGULATOR INDEPENDENT REGULATORS INDEPENDENT REGULATORY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE SECTOR INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION LABOR PRODUCTIVITY LATIN AMERICAN MARKET MECHANISM MONOPOLY MUNICIPAL OWNERSHIP NETWORK LOSSES OUTPUT OUTPUTS OWNERSHIP STATUS PERFORMANCE INDICATORS PERFORMANCE OF PUBLIC POLITICAL CONSIDERATIONS POLITICAL INTERFERENCE POWER DISTRIBUTION PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVOLVEMENT PRIVATE OPERATOR PRIVATE OPERATORS PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATISATION PRIVATIZATION PRODUCTIVE EFFICIENCY PROFIT MAXIMIZING PUBLIC OPERATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY REFORM REGULATORY REFORMS REGULATORY REGIME RESIDENTIAL CUSTOMERS SERVICE DELIVERY SERVICE STANDARDS SOCIAL WELFARE SUSTAINABLE DEVELOPMENT TRANSFORMERS TRANSITION COUNTRIES TRANSLOG TRANSLOG FUNCTION WATER DISTRIBUTION YARDSTICK COMPETITION
spellingShingle	ALTERNATIVE SPECIFICATIONS APPROACH AVERAGE TARIFFS COST RECOVERY COUNTRY RISK DEBT DEVELOPING COUNTRIES DISTRIBUTION NETWORK ELECTRIC POWER ELECTRIC POWER DISTRIBUTION SYSTEMS ELECTRIC UTILITIES ELECTRICITY ELECTRICITY DISTRIBUTION ELECTRICITY DISTRIBUTION COMPANIES ELECTRICITY DISTRIBUTION SECTOR ELECTRICITY GENERATION ELECTRICITY GENERATION SECTOR ELECTRICITY SECTOR EMPIRICAL ANALYSIS EMPIRICAL STUDIES ON PRIVATIZATION EMPLOYMENT ENERGY ECONOMICS ENERGY LOSSES ENERGY SECTOR ENVIRONMENTAL VARIABLE EXECUTIVE DIRECTORS FIRM PERFORMANCE HORIZONTAL INTEGRATION IMPACT OF PRIVATIZATION INDEPENDENT REGULATOR INDEPENDENT REGULATORS INDEPENDENT REGULATORY INFRASTRUCTURE CONCESSIONS INFRASTRUCTURE INDUSTRIES INFRASTRUCTURE SECTOR INSTITUTIONAL REFORMS INTERNATIONAL BANK FOR RECONSTRUCTION LABOR PRODUCTIVITY LATIN AMERICAN MARKET MECHANISM MONOPOLY MUNICIPAL OWNERSHIP NETWORK LOSSES OUTPUT OUTPUTS OWNERSHIP STATUS PERFORMANCE INDICATORS PERFORMANCE OF PUBLIC POLITICAL CONSIDERATIONS POLITICAL INTERFERENCE POWER DISTRIBUTION PRIVATE FIRM PRIVATE FIRMS PRIVATE INVESTMENT PRIVATE INVOLVEMENT PRIVATE OPERATOR PRIVATE OPERATORS PRIVATE OWNERSHIP PRIVATE PARTICIPATION PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATISATION PRIVATIZATION PRODUCTIVE EFFICIENCY PROFIT MAXIMIZING PUBLIC OPERATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY REFORM REGULATORY REFORMS REGULATORY REGIME RESIDENTIAL CUSTOMERS SERVICE DELIVERY SERVICE STANDARDS SOCIAL WELFARE SUSTAINABLE DEVELOPMENT TRANSFORMERS TRANSITION COUNTRIES TRANSLOG TRANSLOG FUNCTION WATER DISTRIBUTION YARDSTICK COMPETITION Estache, Antonio Rossi, Martin A. Regulatory Agencies : Impact on Firm Performance and Social Welfare
relation	Policy Research Working Paper; No. 4509
description	The authors explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. The authors exploit a unique dataset comprising firm-level information on a representative sample of 220 electric utilities from 51 development and transition countries for the years 1985 to 2005. Their results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.
format	Publications & Research :: Policy Research Working Paper
author	Estache, Antonio Rossi, Martin A.
author_facet	Estache, Antonio Rossi, Martin A.
author_sort	Estache, Antonio
title	Regulatory Agencies : Impact on Firm Performance and Social Welfare
title_short	Regulatory Agencies : Impact on Firm Performance and Social Welfare
title_full	Regulatory Agencies : Impact on Firm Performance and Social Welfare
title_fullStr	Regulatory Agencies : Impact on Firm Performance and Social Welfare
title_full_unstemmed	Regulatory Agencies : Impact on Firm Performance and Social Welfare
title_sort	regulatory agencies : impact on firm performance and social welfare
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/02/8992718/regulatory-agencies-impact-firm-performance-social-welfare http://hdl.handle.net/10986/6373
_version_	1764400241225760768

Regulatory Agencies : Impact on Firm Performance and Social Welfare

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