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Regulatory quality and performance in EU network industries: Evidence on telecommunications, gas and electricity

Regulatory quality and performance in EU network industries: Evidence on telecommunications, gas and electricity

Ugur, Mehmet ORCID: 0000-0003-3891-3641 (2009) Regulatory quality and performance in EU network industries: Evidence on telecommunications, gas and electricity. Journal of Public Policy, 29 (3). pp. 347-370. ISSN 0143-814X (Print), 1469-7815 (Online) (doi:https://doi.org/10.1017/S0143814X09990109)

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Abstract

This article provides empirical evidence on ex ante and ex post indicators of regulatory quality and the relationship between those indicators and market performance in liberalised EU-15 network industries. It finds a low level of regulatory independence and competence, a high level of cross-country variations in regulatory quality, and widespread absence of correlation between ex ante regulatory quality and ex post performance indicators. On the basis of these findings, it suggests that the design of national regulatory agencies (NRAs) in Europe is not optimal and may be conducive to regulatory ineffectiveness or outright regulatory failure. Nevertheless, the existence and strengthening of EU-level regulators could enable EU member states to reduce the risk of regulatory failure by encouraging coordination and adoption of best practice.

Item Type: Article
Additional Information: [1] First published online: 22 October 2009. [2] Published in print: December 2009. [3] Published as: Journal of Public Policy, (2009), Vol. 29, (3), pp. 347-370. [4] The definitive version of this paper has been published in Journal of Public Policy, 29: 3 (2009), pp. 347-370, published by Cambridge University Press, All rights reserved. Article available online http://journals.cambridge.org.
Uncontrolled Keywords: economics of regulation, European public policy, regulatory quality, network industries
Subjects: H Social Sciences > HD Industries. Land use. Labor
Faculty / Department / Research Group: Faculty of Business > Department of International Business & Economics
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
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Last Modified: 28 Feb 2019 12:00
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/3255

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