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Independent regulators: theory, evidence and reform proposals

Independent regulators: theory, evidence and reform proposals Purpose – The purpose of this paper is to discuss literature and empirical evidence on regulatory independence especially in telecommunications and to suggest reforms of this institution. Design/methodology/approach – The paper comprises a survey of the literature plus new empirical evidence on de facto independence. Findings – The study finds that independence has a positive and significant, but modest, impact on network penetration, once de facto issues and endogeneity are taken into account. Research limitations/implications – De facto independence can only be superficially approached with quantitative methods and the instruments used to correct for endogeneity are far from perfect. Practical implications – Regulatory agencies may find ways to improve their effectiveness. Social implications – The paper provides ideas on how to solve the dilemma between expertise and accountability in the particular field of telecommunications regulation. Originality/value – The paper provides data about the vulnerability of independent regulation in telecommunications in Latin America until 2010. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png info Emerald Publishing

Independent regulators: theory, evidence and reform proposals

info , Volume 15 (3): 15 – May 3, 2013

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Publisher
Emerald Publishing
Copyright
Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
ISSN
1463-6697
DOI
10.1108/14636691311327115
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to discuss literature and empirical evidence on regulatory independence especially in telecommunications and to suggest reforms of this institution. Design/methodology/approach – The paper comprises a survey of the literature plus new empirical evidence on de facto independence. Findings – The study finds that independence has a positive and significant, but modest, impact on network penetration, once de facto issues and endogeneity are taken into account. Research limitations/implications – De facto independence can only be superficially approached with quantitative methods and the instruments used to correct for endogeneity are far from perfect. Practical implications – Regulatory agencies may find ways to improve their effectiveness. Social implications – The paper provides ideas on how to solve the dilemma between expertise and accountability in the particular field of telecommunications regulation. Originality/value – The paper provides data about the vulnerability of independent regulation in telecommunications in Latin America until 2010.

Journal

infoEmerald Publishing

Published: May 3, 2013

Keywords: Regulation; Independence; Strategic delegation; Telecommunication; Developing countries

References