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An Empirical Analysis Of Competition Privatization And Regulation In Telecommunications Markets In Africa And Latin Am
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Book Synopsis An Empirical Analysis of competition, Privatization, and Regulation in telecommunications Market in Africa and Latin America by : Scott J. Wallsten
Download or read book An Empirical Analysis of competition, Privatization, and Regulation in telecommunications Market in Africa and Latin America written by Scott J. Wallsten and published by World Bank Publications. This book was released on 1999 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Analysis of Competition, Privatization, and Regulation in Telecommunications Markets in Africa and Latin Am by : Scott Wallsten
Download or read book An Empirical Analysis of Competition, Privatization, and Regulation in Telecommunications Markets in Africa and Latin Am written by Scott Wallsten and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical analysis of telecommunications reforms in 30 African and Latin American countries yields results largely consistent with conventional wisdom. Competition seems to be the most successful change agent, so granting even temporary monopolies may delay the arrival of better services to consumers. Reformers are correct to emphasize that regulatory reform accompany privatization, as privatization without regulation reform may be costly to consumers.Wallsten explores the effects of privatization, competition, and regulation on telecommunications performance in 30 African and Latin American countries from 1984 through 1997.Competition is associated with tangible benefits in terms of mainline penetration, number of pay phones, connection capacity, and reduced prices. Fixed-effects regressions reveal that competition-measured by mobile operators not owned by the incumbent telecommunications provider-is correlated with increases in the per capita number of mainlines, pay phones, and connection capacity, and with decreases in the price of local calls.Privatizing an incumbent is negatively correlated with mainline penetration and connection capacity.Privatization combined with regulation by an independent regulator, however, is positively correlated with connection capacity and substantially mitigates privatization`s negative correlation with mainline penetration.Reformers are right to emphasize a combination of privatization, competition, and regulation. But researchers must explore the permutations of regulation: What type of regulation do countries adopt (price caps versus cost-of-service, for example)? How does the regulatory agency work? What is its annual budget? How many employees does it have? Where do the regulators come from? What sort of training and experience do they have? What enforcement powers does the regulatory agency have?In addition, researchers must deal with endogeneity of privatization, competition, and regulation to deal with issues of causality.This paper - a product of Regulation and Competition Policy, Development Research Group - is part of a larger research effort to analyze the role of competition in telecommunications with special emphasis on Africa. The author may be contacted at [email protected].
Book Synopsis An Empirical Analysis of Competition, Privatization and Regulation in Telecommunications Markets in Africa and Latin America by : Scott J. Wallsten
Download or read book An Empirical Analysis of Competition, Privatization and Regulation in Telecommunications Markets in Africa and Latin America written by Scott J. Wallsten and published by . This book was released on 1999 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: June 1999 - Empirical analysis of telecommunications reforms in 30 African and Latin American countries yields results largely consistent with conventional wisdom. Competition seems to be the most successful change agent, so granting even temporary monopolies may delay the arrival of better services to consumers. Reformers are correct to emphasize that regulatory reform accompany privatization, as privatization without regulation reform may be costly to consumers. Wallsten explores the effects of privatization, competition, and regulation on telecommunications performance in 30 African and Latin American countries from 1984 through 1997. Competition is associated with tangible benefits in terms of mainline penetration, number of pay phones, connection capacity, and reduced prices. Fixed-effects regressions reveal that competition-measured by mobile operators not owned by the incumbent telecommunications provider-is correlated with increases in the per capita number of mainlines, pay phones, and connection capacity, and with decreases in the price of local calls. Privatizing an incumbent is negatively correlated with mainline penetration and connection capacity. Privatization combined with regulation by an independent regulator, however, is positively correlated with connection capacity and substantially mitigates privatization's negative correlation with mainline penetration. Reformers are right to emphasize a combination of privatization, competition, and regulation. But researchers must explore the permutations of regulation: What type of regulation do countries adopt (price caps versus cost-of-service, for example)? How does the regulatory agency work? What is its annual budget? How many employees does it have? Where do the regulators come from? What sort of training and experience do they have? What enforcement powers does the regulatory agency have? In addition, researchers must deal with endogeneity of privatization, competition, and regulation to deal with issues of causality. This paper-a product of Regulation and Competition Policy, Development Research Group-is part of a larger research effort to analyze the role of competition in telecommunications with special emphasis on Africa. The author may be contacted at [email protected].
Book Synopsis Empirical Analysis of Competition, Privatization, and Regulation in Telecommunications Markets in Africa and Latin Am by : Scott Wallsten
Download or read book Empirical Analysis of Competition, Privatization, and Regulation in Telecommunications Markets in Africa and Latin Am written by Scott Wallsten and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Competition, Privatization, and Regulation in Telecommunications Markets in Developing Countries by : Scott J. Wallsten
Download or read book Competition, Privatization, and Regulation in Telecommunications Markets in Developing Countries written by Scott J. Wallsten and published by . This book was released on 1999 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reforming Infrastructure by : Ioannis Nicolaos Kessides
Download or read book Reforming Infrastructure written by Ioannis Nicolaos Kessides and published by World Bank Publications. This book was released on 2004 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Book Synopsis Privatization and Competition in Telecommunications by : Daniel Ryan
Download or read book Privatization and Competition in Telecommunications written by Daniel Ryan and published by Praeger. This book was released on 1997-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises a collection of essays dealing with the process of privatization of telecommunications in Asia, Europe and Latin America. Examines, through case studies, how countries respond to the new economic environment.
Book Synopsis Privatization in Latin America by : Alberto Chong
Download or read book Privatization in Latin America written by Alberto Chong and published by World Bank Publications. This book was released on 2005-03-15 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization is under attack. Beginning in the 1980s, thousands of failing state-owned enterprises worldwide have been turned over to the private sector. But public opinion has turned against privatization. A large political backlash has been brewing for some time, infused by accusations of corruption, abuse of market power, and neglect of the poor. What is the real record of privatization and are the criticisms justified? 'Privatization in Latin America' evaluates the empirical evidence on privatization in a region that has witnessed an extensive decline in the state's share of production over the past 20 years. The book is a compilation of recent studies that provide a comprehensive analysis of the record of and accusations against privatization, with important recommendations for the future. Seven countries are investigated: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, and Peru. This book will be vital to anyone interested in the privatization debate but especially to those involved in civil service reform, corporate governance, economic policy, finance, and anticorruption efforts. 'Privatization is important but controversial. While economists typically favor it, others are skeptical. This book provides strong scientific evidence that privatization has been beneficial for many Latin American countries, although some privatizations failed and some groups in society lost out. As usual, the devil is in the details: how privatization is carried out and what reforms accompany it are crucial to its success. The book is definitely an invaluable contribution to the privatization debate.' --Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University
Book Synopsis The Logic of Privatization by : Walter Molano
Download or read book The Logic of Privatization written by Walter Molano and published by Praeger. This book was released on 1997-01-14 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have attempted to employ privatization programs to restructure their economies; however, some of the programs are rejected by the polity in the early stages of consideration. Research on privatization has mainly focused on programs that have been accepted, but it often ignores issues associated with rejection. Dr. Molano breaks new ground by examining the microeconomic, macroeconomic, and political factors that shape all outcomes of privatization. A case study method is employed to review attempts to privatize state-owned telephone companies in countries in the southern cone of Latin America. The study is further generalized to cover 23 attempts to privatize telephone companies from 1985 to 1995.
Book Synopsis Utilities Reforms and Corruption in Developing Countries by : Antonio Estache
Download or read book Utilities Reforms and Corruption in Developing Countries written by Antonio Estache and published by World Bank Publications. This book was released on 2006 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads to adjustments in the quantity, quality, and price of services consistent with the profit-maximizing behavior that one would expect from monopolies in the sector. The results suggest that privatization and the introduction of independent regulators have, at best, only partial effects on the consequences of corruption for access, affordability, and quality of utility services.
Book Synopsis The State of State Reforms in Latin America by : Eduardo Lora
Download or read book The State of State Reforms in Latin America written by Eduardo Lora and published by World Bank Publications. This book was released on 2006-10-23 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America suffered a profound state crisis in the 1980s, which prompted not only the wave of macroeconomic and deregulation reforms known as the Washington Consensus, but also a wide variety of institutional or 'second generation' reforms. 'The State of State Reform in Latin America' reviews and assesses the outcomes of these less studied institutional reforms. This book examines four major areas of institutional reform: a. political institutions and the state organization; b. fiscal institutions, such as budget, tax and decentralization institutions; c. public institutions in charge of sectoral economic policies (financial, industrial, and infrastructure); and d. social sector institutions (pensions, social protection, and education). In each of these areas, the authors summarize the reform objectives, describe and measure their scope, assess the main outcomes, and identify the obstacles for implementation, especially those of an institutional nature.
Book Synopsis The Turkish Economy by : Sumru Altug
Download or read book The Turkish Economy written by Sumru Altug and published by Psychology Press. This book was released on 2006 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Including contributions from noted international scholars, this collection of papers provides a strong theoretical and empirical underpinning for the discussion of major public policy issues facing Turkey today. Matters addressed include:- determinants of growth and productivity- education and human capital accumulation- income inequality- corporate control and government- performance of the government sector- impact of major public policy issues on the future growth prospects of the Turkish economy.This volume relates the impact of major public policy issues on the future growth prospects of the Turkish economy. At a time when Turkey is currently attempting to gain membership to the European Union, this pertinent reference questions whether the country's economy is in fact ready for EU accession and membership.
Book Synopsis The Impact of the Regulatory Process and Price Cap Regulation in Latin American Telecommunications Markets by : Agustin Ros
Download or read book The Impact of the Regulatory Process and Price Cap Regulation in Latin American Telecommunications Markets written by Agustin Ros and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I empirically examine the impact of the liberalization and regulatory process on the Latin American telecommunications sector during the period 1990-1998. I find that privatisation and the existence of an independent regulator are positively associated with teledensity and operating efficiency while competition and price cap regulation are strongly associated with teledensity. This study confirms results in previous research that identify the importance of an independent regulator, competition and privatisation. Moreover, this study provides an initial examination of the positive impact that price cap regulation has had on telecommunications market in Latin America.
Book Synopsis Network Industries and Social Welfare by : Massimo Florio
Download or read book Network Industries and Social Welfare written by Massimo Florio and published by OUP Oxford. This book was released on 2013-06-20 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dramatic change of ownership, regulation, and organisation of essential public services, such as electricity, gas, and telecommunications, has taken place in Europe in less than 20 years. This was not the outcome of spontaneous adaptation, but an entirely top-down policy experiment, mainly conceived in London during Mrs Thatcher's years, then pursued in Brussels - the 'capital' of the European Union - and imposed on more or less reluctant players by laws, directives, regulations, and administrative and judicial decisions. The European reform paradigm revolves around three pillars: privatisation, unbundling, and regulated liberalisation of network industries. These industries, despite the reforms, are still special, as they include core natural monopoly components (the electricity grid, the gas pipelines, the telephony networks, etc.), are often based on complex system integration of different segments (for example of electricity generation, transmission, distribution and retail supply), and offer services that have critical social and economic importance, from heating to internet. This book offers a careful scrutiny of energy and telephony reforms and prices paid by households in 15 countries across Western Europe. It attempts to answer such questions as: Are the consumers in Europe happier than they were before the reforms? Do they pay less? Do they get a better quality for the services? Network Industries and Social Welfare provides an overview of the main facts, the conceptual issues, and of the empirical evidence on pricing, perceptions of quality of service, and the issues of utility poverty and social affordability. It suggests that the benefits of the reforms for the consumers have often been limited and that governments should reconsider their overconfidence in regulated market mechanisms in network industries.
Book Synopsis Small States, Small Problems? by : William Russell Easterly
Download or read book Small States, Small Problems? written by William Russell Easterly and published by World Bank Publications. This book was released on with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gender Bias in China, South Korea and India, 1920-90 by : Monica Das Gupta
Download or read book Gender Bias in China, South Korea and India, 1920-90 written by Monica Das Gupta and published by World Bank Publications. This book was released on 1999 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Privatization written by Azizul Islam and published by United Nations Publications. This book was released on 2001 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatisation has emerged as a major policy issue for most developing countries in recent years, as part of the economic reform agenda for structural adjustment programmes that embrace free trade, financial liberalisation and a reduction of state involvement in the economy. This book reviews research into the impact of privatisation on economic efficiency, employment, equity and the government budget, and seeks to identify the preconditions required in order to achieve effective privatisation policies.
