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Regionalising Infrastructure Reform in Developing Countries
Ioannis N. Kessides
Roger G. Noll
Nancy C. Benjamin
World Economics, September 2010
The principal conclusion of this essay is that regionalisation of infrastructure regulation (i.e. the creation of supranational regulatory authorities such as WATRA or ECTEL) is likely to yield significant benefits that go beyond exploiting economies of scale in both infrastructure industries and regulatory institutions. Regional integration of regulation, combined with regionalisation of regulated firms, assists developing countries in overcoming national limits in technical expertise, enhances national capacity to make credible commitments to stable regulatory policy, facilitates the introduction of competition into historically monopolised markets, improves the efficiency of infrastructure industries by allowing them to grow without respecting economically artificial national boundaries, and ultimately increases infrastructure investment.
Economies of scale
The Illusory Economic Gains from Hosting the Olympics & World Cup
World Economics, March 2015
Applying Reputation Data to Enhance Investment Performance
World Economics, December 2014
The New Transparency in Development Economics
World Economics, December 2013
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