The Implementation and the Effects of Regulatory Reform: Past Experience and Current Issues

Gönenç, Rauf; Maher, Maria; Nicoletti, Giuseppe

doi:10.2139/ssrn.238213

Cited by 54 publications

(33 citation statements)

References 74 publications

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“…The complexity of such regulation relies in determining the value of X over interval periods of time. As the time period between reviews becomes shorter, this 'RPI-X' or price-cap regulation becomes closer to rate-of-return regulation [18]. [19].…”

Section: Regulating the Wiresmentioning

confidence: 99%

06/02449 Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries

2006

Fuel and Energy Abstracts

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This paper discusses the spread of electricity deregulation in OECD countries since the early 1990s. England and Wales and Norway were the pioneers, but almost all OECD countries have now introduced some degree of liberalisation, and several have free entry to generation while allowing all electricity consumers to choose where they buy their power. The paper discusses some of the issues raised by competition in generation and in retailing (or supply), and the need to have appropriate regulation for the transmission and distribution systems, which will continue to be monopolies.

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Section: Regulating the Wiresmentioning

confidence: 99%

06/02449 Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries

2006

Fuel and Energy Abstracts

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“…1 5 See also Pryor (2000) for an empirical analysis of governmental regulation in OECD countries. 5 letti, 2000, Gonec, Maher, andNicoletti, 2001). While they are closely related to our work because they use some of the data that we use, they differ in their aim, since they analyze the effects rather than the determinants of regulatory reform.…”

Section: Related Literaturementioning

confidence: 99%

“…The regulatory variables are taken from a database on international regulation recently published by the OECD (see Boylaud and Nicoletti, 2000, Gonec, Maher and Nicoletti, 2000, and Nicoletti, 2001). The database consists of primary data, provided mainly by means of ad hoc questionnaires and existing OECD publications.…”

Section: The Datamentioning

confidence: 99%

On the Politics of the Regulatory Reform: Econometric Evidence from the OECD Countries

Duso

2003

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. by Tomaso Duso This paper empirically investigates contrasting views on the politics of economic policy. Merging different databases, we test various predictions coming form different strands of literature, with the aim of explaining the cross-sectional and temporal variation in the degree of regulatory intervention and entry liberalization in the digital mobile telecommunications industry of OECD countries during the 1990's. We analyze the role of political institutions, government's types and ideological position, industry and consumers' private interests, as well as the regulatory environment in shaping regulatory policy. We find strong evidence that all these sets of variables help to explain some degree of variability in the observed liberalization patterns among countries. Yet, political and regulatory institutions and the pressure of strong incumbent firms are found to be the most important factors. Terms of use: Documents in

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“…There is now a solid body of cross-country evidence that liberalisation policies in network industries have led to higher productivity, better quality and, often, lower prices. 20 However, capturing these benefits is not straightforward and close attention needs to be paid to the design of reforms (Gonenc et al, 2000). Apart from being a frontrunner in the liberalisation of the electricity sector, Norway has mostly been following EU deregulation programmes.…”

mentioning

confidence: 99%

Product Market Competition and Economic Performance in Norway

Høj¹,

Wise²

2004

OECD Economics Department Working Papers

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JT00164181Norwegian growth has been strong over the past decade. This development has been supported by the off-shore sector, but depleting oil reserves implies that growth will have to rely increasingly on the mainland economy. Empirical work shows that competition is important for promoting economic growth. Recognising the benefits of competition, the government wants to introduce regulatory reforms to stimulate economic growth. However, the promotion of competition has often conflicted with other policy objectives, such as maintaining a regionally dispersed population and a high degree of public ownership. This has lead to weak competition in a number of sectors, resulting in high prices, weak innovative activity and inefficient resource allocation. Reforms to promote product market competition in Norway should therefore inter alia focus on separating the public sector's roles and functions as owner and regulator. This requires an increase in the independence of sector regulators, establishing independent appellate bodies, expanding the government's privatisation programme as well as increasing enforcement powers. Measures to create a level playing field and promote competitive markets should include opening up protected sectors to foreign competition and introducing clear and transparent regulation for acceptable public engagement in market activities combined with a more rigorous approach for evaluating and financing the net cost of universal service obligations in network industries.Key words: Norway, productivity and growth, product market competition, competition law, regulatory reform, retail sector, network industries, public procurement, public ownership.JEL codes: K21, L11, L16, L33, L43, L81, L87, L9, O57 **** Concurrence sur les marchés de produits et performance économique en NorvègeLa Norvège a connu une croissance vigoureuse au cours des dix dernières années. Cette expansion a été alimentée par le secteur pétrolier offshore, mais l'épuisement progressif des réserves implique que l'économie continentale va devoir prendre peu à peu le relais pour soutenir la croissance. Des travaux empiriques montrent que la concurrence contribue de manière importante à l'expansion économique. Conscient des bienfaits de la concurrence, le gouvernement entend réformer la réglementation pour stimuler la croissance économique. Néanmoins, la promotion de la concurrence est souvent entrée en conflit avec d'autres objectifs, tels que le maintien d'une population géographiquement dispersée et du contrôle étendu de l'État sur diverses activités. Cela se traduit par un faible niveau de concurrence dans un certain nombre de secteurs, qui a pour corollaires des prix élevés, un manque de dynamisme en matière d'innovation et une allocation inefficiente des ressources. Les réformes destinées à promouvoir la concurrence sur les marchés de produits en Norvège devraient donc être axées, entre autres, sur la séparation des fonctions de gestion et de réglementation du secteur public assumées par l'État. Cela passe par un renforcemen...

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The Implementation and the Effects of Regulatory Reform: Past Experience and Current Issues

Cited by 54 publications

References 74 publications

06/02449 Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries

06/02449 Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries

On the Politics of the Regulatory Reform: Econometric Evidence from the OECD Countries

Product Market Competition and Economic Performance in Norway

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