Is regulatory quality related to industry performance? Evidence on telecommunications, gas and electricity in EU15
This paper provides empirical evidence on ex ante and ex post indicators of regulatory quality and the relationship between those indicators and market performance in liberalised EU-15 network industries. We report a low level of regulatory independence and competence, a high level of cross-country variations in regulatory quality, and a prevalent absence of correlation between ex ante regulatory quality and ex post performance indicators. On the basis of these findings, we suggest that the design of national regulatory agencies (NRAs) in Europe is not optimal and may be conducive to regulatory ineffectiveness or outright regulatory failure. Nevertheless, the existence and strengthening of EU-level regulators could enable EU member states to reduce the risk of regulatory failure by encouraging coordination and adoption of best practice.
|Date of creation:||Jul 2009|
|Date of revision:||May 2009|
|Publication status:||Published in Journal of Public Policy 3.29(2009): pp. 347-370|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Giandomenico Majone, 2000. "The Credibility Crisis of Community Regulation," Journal of Common Market Studies, Wiley Blackwell, vol. 38(2), pages 273-302, 06.
- William D. Berry, 1982. "Theories Of Regulatory Impact: The Roles Of The Regulator, The Regulated, And The Public," Review of Policy Research, Policy Studies Organization, vol. 1(3), pages 436-441, 02.
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