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The degree of commitment to regulator independence: measurement and impact

Author

Listed:
  • Francesc Trillas

    (Universitat Autònoma de Barcelona)

  • Miguel Angel Montoya

    (ITESM,)

Abstract

This study computes measures of the degree of independence in practice of telecommunications regulators for Latin American and Caribbean countries in a new data set for 23 countries between 1990 and 2004. We focus on the degree to which governments are able to commit to preserve regulator independence. We combine this information with data on legal independence to construct indices of regulator independence that are more realistic than those used by the existing literature. Econometric results confirm that regulator independence has a positive impact on telecommunications performance, but purely legal indices appear to under-estimate this impact.

Suggested Citation

  • Francesc Trillas & Miguel Angel Montoya, 2008. "The degree of commitment to regulator independence: measurement and impact," Hacienda Pública Española / Review of Public Economics, IEF, vol. 185(2), pages 89-114, July.
    • Handle: RePEc:hpe:journl:y:2008:v:185:i:2:p:89-114
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    References listed on IDEAS

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    Cited by:

    1. Francesc Trillas Jané, 2016. "Behavioral Regulatory Agencies," Working Papers wpdea1606, Department of Applied Economics at Universitat Autonoma of Barcelona.

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    More about this item

    Keywords

    regulation; independence; strategic delegation; telecommunications.;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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