Governance choices and policy outcomes in the Latin American and caribbean electricity sector |
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| Affiliation: | 1. Graduate Institute of National Policy and Public Affairs, National Chung-Hsin University, Taiwan;2. Graduate Institute of Hakka Cultural Industry, National Pingtung University of Science and Technology, Taiwan;3. Department of Urban Industry Management of Marketing, University of Taipei, Taiwan;4. Graduate Institute of Public Affairs and Social Innovation, Feng Chia University, Taiwan;5. Department of Public Affairs, Fo Guang University, Taiwan;6. School of Public and Environmental Affairs, Indiana University Bloomington, USA;7. Department of Environmental and Cultural Resources, National Tsing Hua University, Taiwan;1. School of Government, Universidad Adolfo Ibáñez, Chile;2. National Electric Coordinator, Santiago, Chile;3. Science and Engineering Faculty, Universidad Adolfo Ibáñez, Chile;1. School of Construction Management and Real Estate, Chongqing University, Chongqing 400045, China;2. School of Architecture and Built Environment, Deakin University, Geelong 3220, Australia;3. Department of Public Policy, City University of Hong Kong, Kowloon, Hong Kong |
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| Abstract: | The paper first provides, for Latin America and the Caribbean, country-specific synthetic quantitative measures of the degree of adoption of governance reforms in the electricity sector, focusing on four key dimensions (market structure, private sector participation (PSP), regulatory autonomy and operational organization). These measures are then correlated with standard policy performance outcomes measures. The findings suggest that, the reforms, considered jointly, were statistically significantly associated with higher technical and process quality but not with social or service improvements. Considered individually, increased regulatory autonomy enjoyed the highest positive correlation with desirable outcomes, but PSP has no significant correlation with any of the outcomes. In sum, as of 2018, governance reforms, considered jointly, had still not delivered on some promised payoffs, notably in addressing energy poverty, although the sensitivity analysis suggests that, for some indicators, the relationships are stronger for larger than for smaller countries. |
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| Keywords: | Electric utilities Governance Reforms Performance Latin America and caribbean region LAC"} {"#name":"keyword" "$":{"id":"kwrd0040"} "$$":[{"#name":"text" "_":"Latin America and the caribbean region PCA"} {"#name":"keyword" "$":{"id":"kwrd0050"} "$$":[{"#name":"text" "_":"Principal component analysis PSP"} {"#name":"keyword" "$":{"id":"kwrd0060"} "$$":[{"#name":"text" "_":"Private sector participation |
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