The role of an effective regulatory regime in promoting economic growth and development and therefore international business has generated considerable interest among researchers and practitioners in recent years. In particular, building effective regulatory structures in developing countries is...

Regulatory impact assessment (RIA) has been adopted in most OECD countries to improve regulatory decision making. RIA involves a systematic appraisal of the costs and benefits associated with a proposed new regulation and evaluation of the performance of existing regulations. Although RIA...

Recent years have seen countries introducing reform of their utility industries with a view to promoting private ownership and competition. This paper studies the effect of the sequencing of privatisation, competition and regulation reforms in electricity generation using data from 25 developing...

Under pressure from donor agencies such as the World Bank, a number of developing countries have experimented with the privatisation of water services. This study reviews the existing econometric evidence on the effects of water privatisation in developing economies before presenting new results...

Trade liberalisation of environmental services under the current WTO General Agreement on Trade in Services (GATS) has been widely advocated as a means of increasing private sector participation in the water sector in developing countries. The liberalisation of water services in lower income...

Rate of return or cost of service regulation was the traditional means by which governments, especially in the USA, regulated profitability and prices in privately-owned public utility businesses. However, rate of return regulation was associated with efficiency disincentives. Hence, in 1983...

Effective and efficient regulation by government is important for economic development. Effective and efficient regulation promotes economic development, while vexatious regulation can cripple it. Many of the problems of developing countries are blamed on ineffective and inefficient government...

Over the last two decades electricity sectors in both developed and developing countries have been subject to restructuring to introduce private capital and increase competition. This has been accompanied by the introduction of new regulatory regimes. Although the effects of such reforms in a...