Regulatory Governance in Infrastructure Industries: Assessment and Measurement of Brazilian Regulators
PRIVATE SECTOR INVOLVEMENT
GOOD REGULATORY GOVERNANCE
STATE TRANSPORTATION AGENCY
INDEPENDENT REGULATORY INSTITUTIONS
DELEGATION OF POWERS
ECONOMIES OF SCALE
INDEPENDENT REGULATORY AGENCIES
Full recordShow full item record
AbstractThe objective of this report is twofold: to provide a comprehensive assessment of the state of regulatory governance in infrastructure industries in Brazil and to suggest possible indicators for future monitoring. After the introduction, Section 2 sets up the analytical framework for the report, identifying key components of regulatory governance, namely, autonomy (political and financial), procedures for decision making, instruments (including personnel), and accountability. Section 3 assesses each of these components in practice, reporting the results of a survey with 21 regulatory agencies in Brazil, which was designed and implemented by the research team in 2005. Section 4 measures regulatory governance based on three related indexes, ranks the Brazilian regulators among themselves, and compares the proposed indexes with two other indicators available in the literature. Section 5 presents the conclusions.
Copyright/LicenseCC BY 3.0 Unported
Showing items related by title, author, creator and subject.
Regulatory Governance and Sector Performance : Methodology and Evaluation for Electricity Distribution in Latin AmericaAndres, Luis; Lopez Azumendi, Sebastián; Guasch, José Luis (World Bank, Washington, DC, 2008-01)This paper contributes to the literature that explores the link between regulatory governance and sector performance. The paper develops an index of regulatory governance and estimates its impact on sector performance, showing that indeed regulation and its governance matter. The authors use two unique databases: (i) the World Bank Performance Database, which contains detailed annual data for 250 private and public electricity companies in Latin America and the Caribbean; and (ii) the Electricity Regulatory Governance Database, which contains data on several aspects of the governance of electricity agencies in the region. The authors run different models to explain the impacts of change in ownership and different characteristics of the regulatory agency on the performance of the utilities. The results suggest that the mere existence of a regulatory agency, regardless of the utilities' ownership, has a significant impact on performance. Furthermore, after controlling for the existence of a regulatory agency, the ownership dummies are still significant and with the expected signs. The authors propose an experience measure in order to identify the gradual impact of the regulatory agency on utility performance. The results confirm this hypothesis. In addition, the paper explores two different measures of governance, an aggregate measure of regulatory governance, and an index based on principal components, including autonomy, transparency, and accountability. The findings show that the governance of regulatory agencies matters and has significant effects on performance.
Romania - Functional Review : Transport SectorWorld Bank (Washington, DC, 2013-02-07)This report describes the results of the Functional Review of the transport sector in Romania. During its early transition years, Romania implemented radical structural reforms in the institutions of the transport sector, but over the last decade there has been concern that these changes have not led to tangible improvements in transport policy administration nor in the efficiency and effectiveness of the main delivery institutions in the railway and road sectors. The Review has tried to discern the main reasons for these shortcomings and to identify remedial actions. It focuses on three main challenges: the administration of the transport sector as a whole; the corporate governance of state-owned road and railway companies; and the priorities for the companies themselves. Attention is also given to budgeting issues and opportunities for greater private sector participation.
Institutions for Regulatory GovernanceInternational Finance Corporation; Multilateral Investment Guarantee Agency; World Bank (Washington, DC, 2017-08-16)This paper looks at the role and design
of regulatory reform institutions in developing countries.
These institutions are classified into four broad types: 1)
regulatory reform units, commonly known in Organization for
Economic Cooperation and Development (OECD) countries as
oversight bodies for regulatory reform; 2) high-level
committees for regulatory reform, established in some
countries to leverage support and take decisions at a high
political level; 3) advisory and/or advocacy bodies in
charge of proposing improvements to the regulatory system by
strengthening coordination and consultation mechanisms and
by promoting the regulatory reform agenda; and 4) Ad hoc
institutions for regulatory reform, established to launch
regulatory reform efforts and to work on a single defined
task or activity. This paper is divided into the following
sections: section one briefly reviews the theoretical debate
and literature about the role of institutions in
facilitating higher economic growth, focusing in particular
on regulatory institutions and their relevance in developing
countries; section two discusses the main features of
regulatory reform institutions at the center of government,
namely regulatory oversight bodies, high level committees,
advocacy and/ or advisory bodies and ad-hoc institutions for
regulatory reform; and section three identifies the features
of these institutions that are considered to be best
practice. Section three also identifies and discusses
lessons learned and the implications for establishing and
operating such institutions in developing country contexts.