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Regulatory Governance in Infrastructure Industries: Assessment and Measurement of Brazilian Regulators

Author

Listed:
  • Paulo Correa
  • Carlos Pereira
  • Bernardo Mueller
  • Marcus Melo

Abstract

The 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.

Suggested Citation

  • Paulo Correa & Carlos Pereira & Bernardo Mueller & Marcus Melo, 2006. "Regulatory Governance in Infrastructure Industries: Assessment and Measurement of Brazilian Regulators," World Bank Publications - Books, The World Bank Group, number 7059, December.
    • Handle: RePEc:wbk:wbpubs:7059
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    References listed on IDEAS

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    1. Wallsten Scott & Clarke George & Haggarty Luke & Kaneshiro Rosario & Noll Roger & Shirley Mary & Xu Lixin Colin, 2004. "New Tools for Studying Network Industry Reforms in Developing Countries: The Telecommunications and Electricity Regulation Database," Review of Network Economics, De Gruyter, vol. 3(3), pages 1-35, September.
    2. repec:reg:rpubli:124 is not listed on IDEAS
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    Cited by:

    1. World Bank, 2007. "How to Revitalize Infrastructure Investments in Brazil : Public Policies for Better Private Participation, Volume 1. Main Report," World Bank Publications - Reports 8047, The World Bank Group.
    2. Alexander Moore & Stéphane Straub & Jean-Jacques Dethier, 2014. "Regulation, renegotiation and capital structure: theory and evidence from Latin American transport concessions," Journal of Regulatory Economics, Springer, vol. 45(2), pages 209-232, April.
    3. Paulo Correa & Marcus Melo & Bernardo Mueller & Carlos Pereira, 2019. "Political interference and regulatory resilience in Brazil," Regulation & Governance, John Wiley & Sons, vol. 13(4), pages 540-560, December.
    4. Saes, Alexandre Macchione & Loureiro, Felipe Pereira, 2014. "What developing countries' past energy policies can tell us about energy issues today? Lessons from the expropriation of American Foreign and Power in Brazil (1959–1965)," Utilities Policy, Elsevier, vol. 29(C), pages 36-43.
    5. Luis Andres & José Luis Guasch & Sebastián Lopez Azumendi, 2009. "Regulatory Governance and Sector Performance: Methodology and Evaluation for Electricity Distribution in Latin America," Chapters, in: Claude Ménard & Michel Ghertman (ed.), Regulation, Deregulation, Reregulation, chapter 6, Edward Elgar Publishing.
    6. Cassey LEE & Yoshifumi FUKUNAGA, 2013. "Competition Policy Challenges of Single Market and Production Base," Working Papers DP-2013-17, Economic Research Institute for ASEAN and East Asia (ERIA).
    7. Cheng, Kuo-Tai, 2016. "Test of the mediating effects of regulatory decision tools in the communications regulator," Telecommunications Policy, Elsevier, vol. 40(2), pages 277-289.
    8. Berg, Sanford V., 2016. "Seven elements affecting governance and performance in the water sector," Utilities Policy, Elsevier, vol. 43(PA), pages 4-13.
    9. Laura Abrardi & Cambini Carlo & Rondi Laura, 2018. "The Impact of Regulation on Utilities’ Investments: A Survey and New Evidence from the Energy Industry," De Economist, Springer, vol. 166(1), pages 41-62, March.
    10. Terry O'Callaghan, 2009. "Regulation and Governance in the Philippines Mining Sector," Asia Pacific Journal of Public Administration, Taylor & Francis Journals, vol. 31(1), pages 91-114, June.
    11. Bernardo Mueller & Lee Alston & Carlos Pereira & Marcus Melo, 2008. "The Choices Governors Make: The Roles of Checks and Balances and Political Competition," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807181549410, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    12. Marques, Rui Cunha & Pinto, Francisco Silva, 2018. "How to watch the watchmen? The role and measurement of regulatory governance," Utilities Policy, Elsevier, vol. 51(C), pages 73-81.
    13. Paulo Correa, 2007. "What it Takes to Lower Regulatory Risk in Infrastructure Industries : An Assessment and Benchmarking of Brazilian Regulators," World Bank Publications - Reports 10645, The World Bank Group.
    14. Cheng, Kuo-Tai, 2013. "Governance mechanisms and regulation in the utilities: An investigation in a Taiwan sample," Utilities Policy, Elsevier, vol. 26(C), pages 17-22.
    15. Cambini, Carlo & Franzi, Donata, 2013. "Independent regulatory agencies and rules harmonization for the electricity sector and renewables in the Mediterranean region," Energy Policy, Elsevier, vol. 60(C), pages 179-191.

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