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Are Institutions Conducive to Better Regulatory Environment in Infrastructure?

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  • Goran Sumkoski

Abstract

This empirical research tests the hypothesis that the institutional factors are important for achieving regulatory environment in infrastructure that is conducive to increased investment and output in a developing country such as Bangladesh. Data is obtained from ICRG, WGI and infrastructure regulation indicators from OECD database as well as from a set of uniquely reconstructed infrastructure regulatory indicators for energy, telecommunications, transport for Bangladesh for the period from 1975 to 2013 to exactly mirror the scope and depth of OECD dataset and to enable comparison. The results confirm that institutional factors such as accountability, corruption, efficiency, property rights, bureaucratic quality are conducive to better regulatory environment and positively affect infrastructure regulation in both OECD countries and in a developing country such as Bangladesh.

Suggested Citation

  • Goran Sumkoski, 2016. "Are Institutions Conducive to Better Regulatory Environment in Infrastructure?," Competition and Regulation in Network Industries, , vol. 17(1), pages 55-77, March.
    • Handle: RePEc:sae:crnind:v:17:y:2016:i:1:p:55-77
    DOI: 10.1177/178359171601700103
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    1. Dimas de Castro e Silva Neto & Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2017. "Understanding the patterns of PPP renegotiations for infrastructure projects in Latin America," Competition and Regulation in Network Industries, , vol. 18(3-4), pages 271-296, September.
    2. Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2018. "Maximizing the value for money of road projects through digitalization," Competition and Regulation in Network Industries, , vol. 19(1-2), pages 69-92, March.

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