Download or read book Regulatory Reform and Privatization of the Electricity Industry in Argentina written by Juan Pablo Ordoñez and published by . This book was released on 1998 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Winners and Losers from Utility Privatization in Argentina written by Omar O. Chisari and published by World Bank Publications. This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electricity Reform Abroad and U S Investment written by and published by . This book was released on 1997 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Reform in Argentina s Natural Gas Sector written by International Energy Agency and published by Organisation for Economic Co-operation and Development. This book was released on 1999 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The natural gas sector in Argentina is undergoing profound change as a result of regulatory and structural reforms launched at the end of the 1980s. Critical to achieving national economic restructuring, these reform measures were aimed at improving economic efficiency and increasing investment through greater reliance on market forces and new opportunities for private capital. This report, the first IEA study to focus on Argentina, critically reviews the impact of gas-sector reforms. It identifies challenges that policy makers, regulatory and competition authorities still confront, in particular the promotion of competition in gas supply.
Download or read book Light and Lightning at the End of the Public Tunnel written by Antonio Estache 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:
Download or read book Privatization and Regulation written by Luigi Manzetti and published by . This book was released on 1997 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Winners and Losers from Utility Privatization in Argentina Lessons from a General Equilibrium Model written by Antonio Estache and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: September 1997 The economic rates of return for utility privatization projects in Argentina are very high, whether or not distributional weights are considered. But there is a very high shadow price for regulatory activity, which tends to be ignored in most privatization exercises. And how serious a government is about the fair distribution of gains from reform is reflected in how serious it is about regulation. Chisari, Estache, and Romero assess the macroeconomic and distributional effects of the privatization that Argentina began in 1989 in gas, electricity, telecommunications, and water and sanitation. Using a computable general equilibrium model, they track the effects of the changes observed between 1993, the first year by which all the major privatizations had taken place, and 1995, the most recent year for which data are available. In an innovative use of the model, they also assess the importance of the regulator in determining the distribution of gains and losses from utility privatization among sectors and income groups. They conclude that when regulators are effective, the annual gains from the private operation of utilities are about $3.3 billion, or 1.25 percent of GDP, and that all income classes benefit. Ineffective regulation cuts the gains from the reform by $1 billion or 0.35 percent of GDP. This cut in gains represents an implicit tax of 16 percent on the average consumer, paid directly to the owner of the utility rather than to the government. For the poorest income classes, this implicit tax is about 20 percent, meaning that good regulation is in the interest of the poor. The authors also show that the privatization of utilities cannot be blamed for the significant increase in unemployment observed in Argentina since 1993. Effective regulation can lead to a decline in unemployment, and ineffective regulation leads to only a small increase in unemployment. But the gains from utility privatization were not sufficient to offset the negative efficiency and distributional impact on the economy of the Tequila effect, which increased unemployment dramatically by limiting access to credit for users and producers alike. This paper-a product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute-is part of a larger effort in the institute to understand the importance of effective infrastructure regulation. The study was funded by the Bank's Research Support Budget under the research project Efficiency and Equity Implications of Argentina's Privatization of Infrastructure Services (RPO 680-85).
Download or read book The Reform of the Utilities Sector in Argentina written by José A. Delfino and published by . This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electric Power Services Recent Reforms in Selected Foreign Markets Inv 332 411 written by and published by DIANE Publishing. This book was released on with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Lessons from Argentina s Power Concessions written by Antonio Estache and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1990s, Argentina vertically separated and privatized most of its electricity industry. Transmission and distribution, considered natural monopolies, were sold by concession. The main objectives of the reforms were efficient pricing and production levels in the short term and enough investment to meet demand over the longer term. The authors look at the design of the regulatory features of the concession contracts and discuss the implications for long-term investment in the power sector.
Download or read book Argentina s Transport Privatization and Re Regulation written by Antonio Estache and published by . This book was released on 2016 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argentina's policy for reform of the transport sector has been a mix of competition in the market and, through concessions, for the market. Capacity has increased, demand has grown, and prices and services have improved. Public financing has not been eliminated but it has been drastically reduced.When Argentina initiated reform of its transport sector in 1989, it had few models to follow. It was the first Latin American country to privatize its intercity railroad, to explicitly organize intraport competition, and to grant a private concession to operate its subway. It was second (after Japan) to privatize its urban commuter railways and one of the first in the developing world to grant road concessions to private operators.Argentina's experience shows that transport privatization and deregulation provide efficiency gains that can be delivered to users. Despite unexpectedly high residual subsidy requirements, fiscal costs are lower, services have improved, and new investment is taking place. Argentina's decade-long experience shows that the reform process involves learning by doing. Inexperienced new regulators quickly face the challenges in controlling monopoly power and providing long-run incentives for private investment. Designing sustainable reform requires a commitment by government to minimize its role in the sector and to respect its original promises to both users and concessionaires. Argentina has learned the importance of building up the regulatory capacity needed to monitor contracts, especially when initial uncertainty about demand and cost conditions is strong and renegotiation is the probable outcome of daring reform.The government's main challenge in monitoring contracts is to get enough information to reach a balance in its decisions about distributing efficiency gains fairly between consumers and private investors. This is one area in which Argentina may not yet have met the challenge. As the last wave of contract extensions in rail and roads comes to an end, one issue is likely to be the need for better targeting of subsidies for the poor.This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Download or read book Privatisation Competition and Regulation written by and published by Org. for Economic Cooperation & Development. This book was released on 2000 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Papers presented at the AGP's twelfith meeting in Helsinki in September 1998"--Page 3.
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.
Download or read book Regulatory Reform in Argentina s Natural Gas Sector written by and published by . This book was released on 1999 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulation by Contract written by Tonci Bakovic and published by World Bank Publications. This book was released on 2003-01-01 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and investors in many developing countries have criticised the performance of recently privatised electricity distribution companies, particularly in relation to the design of regulatory systems. This report examines whether regulation by contract or a combination of regulation by contract and regulatory independence would provide a better option.
Download or read book Regulatory Reform of Public Utilities written by Fumitoshi Mizutani and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering issues such as deregulation, privatization, organizational reforms, and competition policy, Regulatory Reform of Public Utilities provides a comprehensive summary of regulatory reforms in Japanese public utility industries. Fumitoshi Mizutani expertly explores the main regulatory structures and regulatory reforms in eight Japanese public utility industries: electric power, gas utility, water supply, railways, local bus, postal services, telecommunications, and broadcasting. There are also separate chapters on yardstick regulation, universal service obligations, privatization and structural reforms, and private sector involvement Ð all important issues in Japanese regulatory reform. This unique study reveals that regulatory reform in Japan has distinctive features. It seeks to fill the information gap and widen understanding in the international community in relation to the Japanese experience with regulation and reform of public utility industries. This informative book will prove invaluable to postgraduate students, policymakers, and researchers in fields such as regulation, empirical industrial organization, and public policy.
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
