Do Private Water Utilities Operators Care about Regulatory Agencies in Developing Countries ?

Salvador Bertoméu Sánchez, Daniel Camos and Antonio Estache

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: This paper shows that the creation of an independent regulatory agency (IRA) is often not a necessary or sufficient condition to help countries attract private participation in the operation and financing of the water and sanitation sector of developing countries. The odds of an impact are, however, significantly higher for Latin American and Caribbean countries and to a lesser extent Eastern European countries, than for any other region. Higher income levels and higher prices are also correlated with a higher effectiveness of IRAs in attracting private sector financing. The analysis of the impact on the various types of PPP contracts shows that, at the margin, IRAs are irrelevant in general, to the contract choice, except for greenfield projects for which IRAs may be counterproductive at the margin.

Keywords: regulation; regulatory agencies; water utilities; privatization; public-private partnerships (search for similar items in EconPapers)
JEL-codes: L33 L38 L43 L51 L95 L97 (search for similar items in EconPapers)
Pages: 19 p.
Date: 2017-04
New Economics Papers: this item is included in nep-cta and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/2501 ... EU_CAMOS_ESTACHE.pdf Full text for the whole work, or for a work part (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eca:wpaper:2013/250182

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/250182

Access Statistics for this paper

More papers in Working Papers ECARES from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().