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Infrastructure Restructuring and Regulation : Building a Base for Sustainable Growth

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dc.contributor.authorAlexander, Ian
dc.contributor.authorEstache, Antonio
dc.date.accessioned2014-08-27T21:17:10Z
dc.date.available2014-08-27T21:17:10Z
dc.date.issued2000-08
dc.description.abstractThe link between economic growth, and better provision of infrastructure services may be unproven, but it is clear that reforms to make infrastructure services more competitive (where possible), and to provide strong, and independent economic regulation of natural monopolies, do create an environment more conducive to: 1) Private sector participation in infrastructure investments. 2) companies trying to cut costs, and pass the savings on to consumers. 3) Better provision of services (through faster rollout of infrastructure, for example, and through innovative solutions for delivering services to customers who are not connected to an existing network). It is important that policymakers make the right decisions when deciding how to restructure infrastructure. First, they should review the evidence on the impact various types of reform have had. The authors provide an overview of the evidence from - and lessons learned in - Latin America, one of the first regions to undertake wholesale reform of its infrastructure service provides. Among their conclusions: a) the reform of utility, and infrastructure industries is vital to economic growth. b) Apparently well-founded, but wrong decisions can damage growth prospects. C) Reform should combine changes in industry structure, ownership, and (through effective regulation) behavior. To minimize the risk of misconduct by infrastructure companies, the government should introduce: i) As much competition as possible (after evaluating all tradeoffs). ii) Rules to limit (or eliminate) vertical, and horizontal ownership, which makes it difficult to regulate company behavior. iii) Rules to ensure that regulators get all the information they need, and that it is timely, consistent, and accurate.en
dc.identifierhttp://documents.worldbank.org/curated/en/2000/08/693338/infrastructure-restructuring-regulation-building-base-sustainable-growth
dc.identifier.doi10.1596/1813-9450-2415
dc.identifier.urihttps://hdl.handle.net/10986/19800
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2415
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectASSET SALES
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBARRIERS TO ENTRY
dc.subjectCAPITALIZATION
dc.subjectCOMPETITIVE MARKETS
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectDEREGULATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PROBLEMS
dc.subjectELASTICITIES
dc.subjectELECTRICITY
dc.subjectEMPLOYMENT
dc.subjectEQUILIBRIUM
dc.subjectEXPENDITURES
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGROWTH RATE
dc.subjectINCOME
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLABOR PRODUCTIVITY
dc.subjectMARKET COMPETITION
dc.subjectMIGRATION
dc.subjectNATURAL MONOPOLIES
dc.subjectPENALTIES
dc.subjectPER CAPITA INCOME
dc.subjectPERFORMANCE MEASURES
dc.subjectPRICE CHANGES
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATIZATION
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC UTILITIES
dc.subjectREGULATORY INSTITUTIONS
dc.subjectRESIDENTIAL TARIFFS
dc.subjectROADS
dc.subjectSAVINGS
dc.subjectSERVICE DELIVERY
dc.subjectSEWERAGE SERVICES
dc.subjectSOCIAL WELFARE
dc.subjectSUSTAINABLE GROWTH
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE LINES
dc.subjectTELEPHONES
dc.subjectTRADEOFFS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectUTILITIES
dc.titleInfrastructure Restructuring and Regulation : Building a Base for Sustainable Growthen
dspace.entity.typePublication
okr.crossref.titleInfrastructure Restructuring and Regulation: Building a Base for Sustainable Growth
okr.date.disclosure2000-08-31
okr.date.doiregistration2025-04-10T09:48:28.513958Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2000/08/693338/infrastructure-restructuring-regulation-building-base-sustainable-growth
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid254651468779673755
okr.identifier.doi10.1596/1813-9450-2415
okr.identifier.externaldocumentum000094946_00090605460191
okr.identifier.internaldocumentum693338
okr.identifier.reportWPS2415
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2000/09/15/000094946_00090605460191/Rendered/PDF/multi_page.pdfen
okr.region.geographicalLatin America
okr.sectorPublic Sector Management Adjustment
okr.sectorPublic Administration, Law, and Justice
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicPublic Sector Development::Decentralization
okr.topicInternational Terrorism and Counterterrorism
okr.topicGovernance::Governance Indicators
okr.topicPublic Sector Economics and Finance
okr.topicUrban Development::Municipal Financial Management
okr.topicFinance and Financial Sector Development
okr.unitPrivate Participation in Infrastructure, Private Sector Development Department; and Governance, Regulation, and Finance, World Bank Institute
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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