Does regulatory independence translate into a higher degree of liberalization? Evidence from EU energy regulators

Does regulatory independence translate into a higher degree of liberalization? Evidence from EU energy regulators / Henrik Lindemann. Leibniz University of Hannover, School of Economics and Management, January 2015, 44 p. (Discussion Paper No. 545)

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2558726

Author’s abstract:

Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative relationship between the authorities’ formal autonomy from politicians and the scope of market reforms. These findings might suffer from endogeneity, though, so we draw on political scientists’ explanations for diverging independence levels to construct appropriate instruments. The 2SLS-IV results then confirm conventional wisdom: the higher the degree of regulatory autonomy, the higher the level of liberalization.

 


OpenEdition vous propose de citer ce billet de la manière suivante :
Danièle Revel (25 février 2015). Does regulatory independence translate into a higher degree of liberalization? Evidence from EU energy regulators. Veille énergie climat. Consulté le 25 juillet 2024 à l’adresse https://doi.org/10.58079/obn7


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