Can we have it all? The evolution of regulatory frameworks in Latin America

Camilo Ignacio González

Utilities Policy, 2022, vol. 77, issue C

Abstract: Regulation literature has suggested several desirable characteristics for regulatory frameworks. This paper evaluates whether all desirable features can be achieved harmoniously or whether there are contradictions among them. We collected longitudinal data from regulatory frameworks in the electricity sector in Latin America and used a mixed-factor analysis to construct indices that capture regulatory characteristics. The results indicate that the evolution of regulatory frameworks differs across indices. We found that some characteristics are weakly related to one another, independence has a weak correlation with coordination, and the use of better regulatory practices weakly correlates with agencies’ institutional features.

Keywords: Regulatory frameworks; Regulatory governance; Regulatory mechanism; Better regulatory practices; Latin America (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:77:y:2022:i:c:s0957178722000583

DOI: 10.1016/j.jup.2022.101393

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