Regulatory Agencies: Impact on Firm Performance and Social Welfare

Antonio Estache and Martín Rossi

No 2009_010, Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: We explore the relation between the establishment of a regulatory agency and the performance of the electricity sector. We exploit a dataset comprising firmlevel information on a representative sample of 220 electric utilities from 51 development countries for the period 1985 to 2005. Our results indicate that regulatory agencies are associated with more efficient firms and with higher social welfare.

Keywords: Regulatory agency; performance; electricity; private ownership. (search for similar items in EconPapers)
JEL-codes: D21 D24 L51 L94 (search for similar items in EconPapers)
Pages: 26 p.
Date: 2009
New Economics Papers: this item is included in nep-ene and nep-reg
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Citations: View citations in EconPapers (1)

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Working Paper: Regulatory agencies: impact on firm performance and social welfare (2008)
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