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Infrastructure restructuring and regulation - building a base for sustainable growth

Alexander, Ian; Estache, Antonio - Economics Research, World Bank Group - 2000

The 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...

Persistent link: https://www.econbiz.de/10005079518

Forecasting the demand for privatized transport - What economic regulators should know, and why

Trujillo, Lourdes; Quinet, Emile; Estache, Antonio - Economics Research, World Bank Group - 2000

Forecasting has long been a challenge, and will remain so for the foreseeable future. But the analytical instruments and data processing capabilities available through the latest technology, and software, should allow much better forecasting than transport ministries, or regulatory agencies...

Persistent link: https://www.econbiz.de/10005079924

Comparing the performance of public and private water companies in the Asia and Pacific region : what a stochastic costs frontier shows

Estache, Antonio; Rossi, Martin A. - Economics Research, World Bank Group - 1999

Estache and Rossi estimate a stochastic costs frontier for a sample of Asian and Pacific water companies, comparing the performance of public and privatized companies based on detailed firm-specific information published by the Asian Development Bank in 1997. They find private operators of water...

Persistent link: https://www.econbiz.de/10005080101

Information, accounting, and the regulation of concessioned infrastructure monopolies

Burns, Phil; Estache, Antonio - Economics Research, World Bank Group - 1998

Economists often characterize the regulation of monopolies as a"game"(between the regulator and the service provider) in which the two players do not share the same information. The regulator is assumed to have poorer information than the service provider about the scope of future efficiency...

Persistent link: https://www.econbiz.de/10005129119

Does decentralization increase spending on public infrastructure?

Estache, Antonio; Sinha, Sarbajit - Economics Research, World Bank Group - 1995

- decentralization is the most effective way to deliver service. Those services have been decentralized in many countries, and many … decentralization affected spending levels on infrastructure? The outcome reflects the net outcome of opposing effects. Spending … decentralization makes spending more of less efficient. Among the conclusions they offer the following. First, decentralization tends …

Persistent link: https://www.econbiz.de/10005133563

Financial and legal institutions and firm size

Beck, Thorsten; Demirguc-Kunt, Asli; Maksimovic, Vojislav - Economics Research, World Bank Group - 2003

The authors investigate how a country's financial institutions and the quality of its legal system explain the size attained by its largest industrial firms in a sample of 44 countries. Firm size is positively related to the size of the banking system and the efficiency of the legal system....

Persistent link: https://www.econbiz.de/10005141701

Bank competition, financing obstacles, and access to credit

Beck, Thorsten; Demirguc-Kant, Asl'; Maksimovic, Vojislav - Economics Research, World Bank Group - 2003

Theory makes ambiguous predictions about the effects of bank concentration on access to external finance. Using a unique data base for 74 countries offinancing obstacles and financing patterns for firms of small, medium, and large size, the authors assess the effects of banking market structure...

Persistent link: https://www.econbiz.de/10005141789

An introduction to financial and economic modeling for utility regulators

Estache, Antonio; Rodriguez Pardina, Martin; Rodriguez, … - Economics Research, World Bank Group - 2003

The most effective regulators in developing countriesare following remarkably similar approaches. The main common element across"best practice"countries is the use of relatively simple quantitative models of operators'behavior and constraints to measure the impact of regulatory decisions on some...

Persistent link: https://www.econbiz.de/10005030393

Politics, transaction costs, and the design of regulatory institutions

Estache, Antonio; Martimort, David - Economics Research, World Bank Group - 1999

Providing a more complete framework for assessing the efficiency of government intervention requires moving away from the idealistic perspective typically found in the normative approach to traditional public economics, contend the authors. Such a move requires viewing the government not as a...

Persistent link: https://www.econbiz.de/10005030403

Financing patterns around the world : the role of institutions

Beck, Thorsten; Demirguc-Kunt, Asl; Maksimovic, Vojislav - Economics Research, World Bank Group - 2002

Using a firm-level survey database covering 48 countries, the authors investigate whether differences in financial and legal development affect the way firms finance their investments. The results indicate that external financing of investments is not a function of institutions, although the...

Persistent link: https://www.econbiz.de/10005116074