Modelling the Costs of Electricity Regulation: Evidence of Human Resource Constraints in Developing Countries

Preetum Domah, Michael Pollitt and Jon Stern

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Successful electricity industry reform depends on the presence of an appropriately staffed regulatory agency for the liberalised sector. However developing countries can have resource constraints that make the establishment of an effective regulatory agency difficult. This paper attempts an econometric modelling of staff numbers in electricity regulatory institutions. We specify a model of the determinants of staff numbers that reflects electricity system complexity as well as national economic and regulatory environments. We empirically estimate a translog cost function specification of the model using data on 60 electricity regulators collected from an international questionnaire survey in 2000-01. We conclude that there are significant differences between the regulatory cost functions of developed and developing countries and that, in establishing independent regulatory agencies, developing countries face high fixed costs relative to market size.

Keywords: Electricity Regulation; International Comparisons; Human Resources (search for similar items in EconPapers)
JEL-codes: L30 N40 O15 (search for similar items in EconPapers)
Pages: 43
Date: 2002-10
New Economics Papers: this item is included in nep-com and nep-ene
Note: CMI IO
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Citations: View citations in EconPapers (34)

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Working Paper: Modelling the Costs of Electricity Regulation: Evidence of Human Resource Constraints in Developing Countries (2002)
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