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The Economics and Politics of Regulation

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Author Info

  • Chang, Ha-Joon

Abstract

This article provides a critical survey of the literature on the economics and politics of regulation. After some conceptual clarifications, the article surveys the evolution of perspectives on regulation during the post-Second World War period, emphasizing especially the interactions between intellectual changes and real world economic and political developments. It then looks at some themes that are neglected in the current literature--the inevitability of regulation, the need to create (and not simply regulate) markets, distributional issues, dynamic considerations, and the politics of regulation--and suggests that incorporating these themes more closely into the discussion will improve our understanding in this area. Copyright 1997 by Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

Volume (Year): 21 (1997)
Issue (Month): 6 (November)
Pages: 703-28

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Handle: RePEc:oup:cambje:v:21:y:1997:i:6:p:703-28

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Cited by:
  1. Sheil, Christopher, 2004. "'An incomplete hypothesis': deregulation of water and sewerage in Australia," Utilities Policy, Elsevier, vol. 12(3), pages 153-164, September.
  2. Tomaso Duso, 2002. "On the Politics of the Regulatory Reform: Econometric Evidence from the OECD Countries," CIG Working Papers FS IV 02-07, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
  3. Norbert Knoll, 1998. "Innovation and Regulation in Telecommunications," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(3), pages 187-195, March.
  4. Norbert Knoll, 1999. "Liberalisation Demands Regulatory Reform," WIFO Monatsberichte (monthly reports), WIFO, vol. 72(11), pages 743-751, November.
  5. Jamasb, Tooraj, 2006. "Between the state and market: Electricity sector reform in developing countries," Utilities Policy, Elsevier, vol. 14(1), pages 14-30, March.
  6. Chang, Ha-Joon & Cheema, Ali, 2001. "Conditions for Successful Technology Policy in Developing Countries : Learning Rents, State Structures and Institutions," UNU-INTECH Discussion Paper Series 8, United Nations University - INTECH.
  7. João Lizardo de Araújo, 2001. "A questão do investimento no Setor Elétrico Brasileiro: reforma e crise [The investment in the Brazilian power sector: reform and crisis]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(1), pages 77-96, July.
  8. Kross, Karmo, 2013. "Developmental welfare capitalism in East Asia with a special emphasis on South Korea," Discourses in Social Market Economy 2013-05, OrdnungsPolitisches Portal (OPO).
  9. Jamasb, T., 2002. "Reform and Regulation of the Electricity Sectors in Developing Countries," Cambridge Working Papers in Economics 0226, Faculty of Economics, University of Cambridge.
  10. Valkonen, Laura, 2006. "Deregulation as a Means to Increase Competition and Productivity," Discussion Papers 1014, The Research Institute of the Finnish Economy.

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