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Do Private Water Utilities Operators Care about Regulatory Agencies in Developing Countries ?

Listed author(s):
  • Salvador Bertomeu
  • Daniel Camos-Daurella
  • Antonio Estache

This paper shows that the creation of an independent regulatory agency (IRA) is often not a necessary or sufficient condition to help countries attract private participation in the operation and financing of the water and sanitation sector of developing countries. The odds of an impact are, however, significantly higher for Latin American and Caribbean countries and to a lesser extent Eastern European countries, than for any other region. Higher income levels and higher prices are also correlated with a higher effectiveness of IRAs in attracting private sector financing. The analysis of the impact on the various types of PPP contracts shows that, at the margin, IRAs are irrelevant in general, to the contract choice, except for greenfield projects for which IRAs may be counterproductive at the margin.

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File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/250182/3/2017-18-BERTOMEU_CAMOS_ESTACHE.pdf
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Paper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers ECARES with number ECARES 2017-18.

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Length: 19 p.
Date of creation: Apr 2017
Publication status: Published by:
Handle: RePEc:eca:wpaper:2013/250182
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Web page: http://difusion.ulb.ac.be

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  1. Carvalho, Pedro & Marques, Rui Cunha & Berg, Sanford, 2012. "A meta-regression analysis of benchmarking studies on water utilities market structure," Utilities Policy, Elsevier, vol. 21(C), pages 40-49.
  2. Jean-Jacques Laffont & Jean Tirole, 1991. "The Politics of Government Decision-Making: A Theory of Regulatory Capture," The Quarterly Journal of Economics, Oxford University Press, vol. 106(4), pages 1089-1127.
  3. Gassner, Katharina & Pushak, Nataliya, 2014. "30 years of British utility regulation: Developing country experience and outlook," Utilities Policy, Elsevier, vol. 31(C), pages 44-51.
  4. Luis A. Andrés & Jordan Schwartz & J. Luis Guasch, 2013. "Uncovering the Drivers of Utility Performance : Lessons from Latin America and the Caribbean on the Role of the Private Sector, Regulation, and Governance in the Power, Water, and Telecommunication Se," World Bank Publications, The World Bank, number 15774, June.
  5. Majone, Giandomenico, 1997. "From the Positive to the Regulatory State: Causes and Consequences of Changes in the Mode of Governance," Journal of Public Policy, Cambridge University Press, vol. 17(02), pages 139-167, May.
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