Introducing private sector participation (PSP) into the water and sewerage sectors in developing countries is difficult and controversial. Empirical studies on its effects are scant and generally inconclusive. Case studies tend to find improvements in the sector following privatization, but they...

Introducing private sector participation (PSP) into the water and sewerage sectors is difficult and controversial. Empirical studies on its effects are scant and generally inconclusive. Case studies tend to find improvements following privatisation, but they suffer from selection bias and it is...

Developing countries export more to developed, but not other developing countries, when Internet penetration is higher. Although this could be because Internet penetration stimulates exports, it could also be because trade openness encourages Internet use. To test the direction of causation, we...

We construct comprehensive and consistent datasets on telecommunications and electricity regulations in developing countries through extensive surveys of regulators. The database of telecommunications regulations includes 178 variables on regulatory governance and content in 45 countries. The...

Infrastructure industries-including telecommunications, electricity, water, and gas-underwent massive structural changes in the 1990s. During that decade, hundreds of privatization transactions valued at billions of dollars were completed in these sectors in developing and transition economies....

The statistical link between executive compensation and firm performance is well established. I explore two features of the relationship that have not yet been addressed empirically. First, does the relationship itself change depending on firm performance? I find that, on average, executives are...

Developing countries, which received about $35 billion in net settlement payments from the United States telecom carriers between 1985 and 1998, were upset by the Federal Communications Commission's (FCC) decision to slash rates, because lower rates mean lower payments. They claim that the...

The author explores the effects of privatization, competition, and regulation on telecommunications performance in 30 African and Latin American countries from 1984 to 1997. Competition is associated with tangible benefits in terms of mainline penetration, number of pay phones, connection...