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Assessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysis

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dc.contributor.authorDiop, Makhtar
dc.contributor.authorAndres, Luis
dc.contributor.authorAzumendi, Sebastián Lopez
dc.contributor.authorGuasch, José Luis
dc.date.accessioned2012-06-08T19:26:24Z
dc.date.available2012-06-08T19:26:24Z
dc.date.issued2007-11
dc.description.abstractThis paper focuses on an evaluation and benchmarking of the governance of regulatory agencies in the electricity sector in Latin American Countries (LAC). Using a unique database, we develop an index of regulatory governance and rank all the agencies in the LAC countries. The index is an aggregate number of the evaluation of four key governance characteristics: autonomy, transparency, accountability, and regulatory tools, including not only formal aspects of regulation but also indicators related to actual implementation. Based on 18 different indexes, we analyze the positions of agencies with regard to different aspects of their regulatory governance, considering not only performance in each variable but also scores in the different components of each category. This evaluation allows for the identification of particular country shortcomings regarding governance, and indicates needed improvements. Although the region shows an overall good governance design of their regulatory agencies, the implementation of the independent regulator model still faces several challenges. This is particularly evident in political autonomy and in the informal aspects of governance, where the region shows the largest number of countries with the lowest scores. Trinidad and Tobago and Brazil show the best results and Ecuador, Honduras, and Chile the poorest performances. The rest of the countries vary according to the different indexes. We give each governance variable equal weights and positively test the robustness of our approach using Principal Component Analysis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8665282/assessing-governance-electricity-regulatory-agencies-latin-american-caribbean-region-benchmarking-analysis
dc.identifier.doi10.1596/1813-9450-4380
dc.identifier.urihttps://hdl.handle.net/10986/7575
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4380
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectAUDITING
dc.subjectAUDITS
dc.subjectAUTHORITY
dc.subjectAUTHORIZATION
dc.subjectAUTONOMOUS MANAGEMENT
dc.subjectBANKS
dc.subjectBUREAUCRACY
dc.subjectBUREAUCRATIC QUALITY
dc.subjectCENTRAL BANKS
dc.subjectCITIZENS
dc.subjectCIVIL SERVICE
dc.subjectCOMPLAINTS
dc.subjectCONFLICT OF INTEREST
dc.subjectCOUNTRY ANALYSIS
dc.subjectDECISION MAKERS
dc.subjectDECISION-MAKING
dc.subjectDECISION-MAKING PROCESS
dc.subjectDECISIONMAKING STRUCTURES
dc.subjectDECREE
dc.subjectDEGREE OF AUTONOMY
dc.subjectDISCLOSURE
dc.subjectDUE PROCESS
dc.subjectELECTRICITY SERVICES
dc.subjectETHICS
dc.subjectFINANCIAL AUTONOMY
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE EFFECTIVENESS
dc.subjectGOVERNANCE INDICATOR
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNANCE PERFORMANCE
dc.subjectGOVERNANCE QUALITY
dc.subjectGOVERNANCE VARIABLES
dc.subjectGOVERNMENT ACTION
dc.subjectGOVERNMENT AUTHORITIES
dc.subjectGOVERNMENT EFFECTIVENESS
dc.subjectINCOME
dc.subjectINSTITUTIONAL ARRANGEMENT
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL INFORMATION
dc.subjectINSTITUTIONAL QUALITY
dc.subjectINSTITUTIONAL STAKEHOLDERS
dc.subjectINSTITUTIONAL VARIABLES
dc.subjectINTEGRITY
dc.subjectJUDICIAL REVIEW
dc.subjectJUDICIARY
dc.subjectLABOR PRODUCTIVITY
dc.subjectLATIN AMERICAN
dc.subjectLAWS
dc.subjectLEGAL PROVISIONS
dc.subjectLEGISLATIVE PROCESS
dc.subjectLEGISLATIVE PROCESSES
dc.subjectMACROECONOMIC DETERMINANTS
dc.subjectMANAGERIAL AUTONOMY
dc.subjectMANDATES
dc.subjectMERITOCRACY
dc.subjectMINISTER
dc.subjectMINISTERS
dc.subjectORGANIZATIONAL AUTONOMY
dc.subjectPARLIAMENT
dc.subjectPARLIAMENTARY OVERSIGHT
dc.subjectPOLITICAL INTERFERENCE
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC HEARINGS
dc.subjectPUBLIC OFFICIAL
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR BUREAUCRACY
dc.subjectPUBLIC SECTOR GOVERNANCE
dc.subjectPUBLIC SERVICES
dc.subjectREGIONAL ANALYSIS
dc.subjectREGULATORY AGENCY
dc.subjectREGULATORY BODY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY INSTITUTIONS
dc.subjectREGULATORY INSTRUMENTS
dc.subjectREGULATORY OBJECTIVES
dc.subjectREGULATORY OUTCOMES
dc.subjectREGULATORY POLICIES
dc.subjectREGULATORY POLICY
dc.subjectREGULATORY POWER
dc.subjectREGULATORY POWERS
dc.subjectREGULATORY QUALITY
dc.subjectREGULATORY SYSTEM
dc.subjectRETIREMENT
dc.subjectRULE OF LAW
dc.subjectSANCTIONS
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENCY TOOLS
dc.subjectTRANSPORT
dc.subjectTRINIDAD AND TOBAGO
dc.subjectUNDUE INFLUENCE
dc.subjectVETO
dc.titleAssessing the Governance of Electricity Regulatory Agencies in the Latin American and the Caribbean Region : A Benchmarking Analysisen
dspace.entity.typePublication
okr.crossref.titleAssessing The Governance Of Electricity Regulatory Agencies In The Latin American And The Caribbean Region : A Benchmarking Analysis
okr.date.doiregistration2025-04-10T10:35:41.037668Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/11/8665282/assessing-governance-electricity-regulatory-agencies-latin-american-caribbean-region-benchmarking-analysis
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid171321468046442915
okr.identifier.doi10.1596/1813-9450-4380
okr.identifier.externaldocumentum000158349_20071109083355
okr.identifier.internaldocumentum8665282
okr.identifier.reportWPS4380
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/11/09/000158349_20071109083355/Rendered/PDF/wps4380.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicBanks and Banking Reform
okr.topicCountry Strategy and Performance
okr.topicGovernance::National Governance
okr.topicGovernance::Governance Indicators
okr.topicFinance and Financial Sector Development
okr.topicPublic Sector Development
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication5e24cc05-1fcb-56fb-8bcc-021bbf7e50b0
relation.isAuthorOfPublication4cc9b022-436f-51a0-b40d-6c4438bbced2
relation.isAuthorOfPublication.latestForDiscovery5e24cc05-1fcb-56fb-8bcc-021bbf7e50b0
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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