The Role Of Institutional Design In The Conduct Of Infrastructure Industry Reforms - An Illustration Through Telecommunications In Developing Countries
This paper is concerned with the role of political and economic institutions in the conduct of the infrastructure industries reform process in developing countries. The authors discuss the main results and policy lessons drawn from two studies of the telecommunications sector based on an econometric analysis of time-series-cross-sectional data on developed and developing countries. They synthesise the main empirical findings and policy implications pertaining to two issues. The first issue concerns the impact of the quality of institutions on the function of regulation. The second issue relates to the factors that shape the sectoral reforms themselves and the impact of these reforms on the development of the industry in developing countries.