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Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector

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  • Morgane De Halleux
  • Antonio Estache
  • Tomas Serebrisky

Abstract

The paper first provides for Latin America and the Caribbean, country specific synthetic quantitative measures of the degree of adoption of common governance reforms of the electricity sector accounting for four key dimensions (market structure, private sector participation, regulatory autonomy and operational organization). These synthetic indicators are then correlated with standard policy performance outcomes measures. This suggests that, as of 2018, reforms could be statistically significantly associated with higher technical quality but not with social or service improvements. This implies that almost 30 years after their adoption and despite recurring reports of failures in these three decades, governance reforms are still not delivering on some promised payoffs, notably the reduction of the energy poverty issues.

Suggested Citation

  • Morgane De Halleux & Antonio Estache & Tomas Serebrisky, 2019. "Governance Choices and Policy Outcomes in the Latin American and Caribbean Electricity Sector," Working Papers ECARES 2019-08, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:eca:wpaper:2013/282489
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    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/282489/3/2019-08-DEHALLEUX_ESTACHE_SEREBRISKY-governance.pdf
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    References listed on IDEAS

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    1. repec:idb:brikps:82983 is not listed on IDEAS
    2. Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    governance choices; policy outcomes; Latin America; Carribean; electricity sector;

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