Regulatory Governance in Infrastructure Industries : Assessment and Measurement of Brazilian Regulators

by Correa, Paulo; Pereira, Carlos; Mueller, Bernardo

• ISBN13: 9780821366097
• ISBN10: 0821366092
• Format: Paperback
• Copyright: 2006-04-15
• Publisher: World Bank

Summary

With more than US$100 billion in private investments during the 1990s, the success of infrastructure reforms in Brazil seemed inevitable. However, the current prospects for private participation in infrastructure are far less optimistic and regulatory risk, or at least its perception among private investors, appears to have increased.

Table of Contents

Acknowledgments	vii
Foreword	viii
Abbreviations and Acronyms	x
Introduction	1	(3)
Delegation, Governance, and Regulatory Effectiveness	4	(6)
Why Is Delegation Needed?	4	(1)
What Should Be Delegated?	4	(1)
How Should Delegation Be Managed?	5	(1)
The Structure of Regulatory Governance	5	(5)
Autonomy	5	(1)
Decision Making	6	(1)
Decision Tools	7	(1)
Accountability	7	(1)
Regulatory Governance and Effectiveness: Two Caveats	7	(1)
Summing Up	8	(2)
Governance in Practice	10	(12)
The Survey	10	(1)
The Results	10	(11)
Summary of Results: Can Regulators Be Effective?	21	(1)
Measuring and Benchmarking Governance	22	(15)
Methodology	22	(1)
Results of the Regulatory Governance Indexes	23	(5)
Deconstructing the RGI-83	28	(3)
Looking at Regulators	31	(3)
Federal versus State Regulatory Agencies	31	(1)
Old versus New Regulatory Agencies	32	(1)
Selected Cases	32	(2)
International Comparison	34	(3)
Conclusions and Recommendations for Regulatory Improvements	37	(2)
References	39	(3)
Appendix 1. Codebook for the Regulatory Governance Index	42	(18)
Appendix 2	60	(2)
Appendix 3	62	(11)
Appendix 4	73	(3)
Appendix 5	76	(1)
Appendix 6	77