Suchergebnisse

According to the European Regulatory Framework in Telecommunications sector, one of the main tasks required from the NRAs is to promote efficient investment and innovation in the field. The aim of this paper is to estimate the relevance of regulation for the growth of investment across 16 EU Countries. This is done estimating how regulation affects revenues and investment elasticity to incumbents' market power. To do so, we use the panel structure of our data and the timing of the introduction of regulation to carry out two "quasi experiments", where incumbents are ideally splitted in two groups, according to whether they are subject to a specific regulation or not. We consider a sample of 16 EU countries from 1997 to 2011. The results seem to to suggest that New Regulatory Framework has little reduced the impact of market share on firm's revenues and investment in the recent years. Over a longer time span instead, being a regulated country does not imply lower revenues and investment by telecommunication companies. Instead, in regulated countries it is likely that the telecom sector benefits from a better economic and institutional environment, which makes firms more productive for a given level of market power. Finally, in countries with a long-lasting regulatory tradition, an increase in market share represents a more significant increase in firm's market power than in a nonregulated country, so that in regulated countries, elasticity of investment to market share turns to be higher. ; info:eu-repo/semantics/publishedVersion

We assess the performance of National Regulatory Authorities across 16 EU countries regarding economic regulation in telecommunications sector, by constructing a so-called Composite Regulatory Performance Indicator for regulatory aspects such as effectiveness of the national regulatory system, effectiveness of the dispute settlement body, general market access conditions and application of remedies in markets for narrowband voice, mobile, broadband and business services. This composite indicator is the output measure used in the DEA non-parametric approach. The computation of efficiency scores allows to rank the NRAs and to detect some room for improvement in terms of efficiency gains for each national authority.

In this paper, we aim at evaluating from an economic perspective the recent Italian legislation on transparency to investigate whether the potentialities of transparency as a tool to improve performance and integrity are fully exploited. We first construct a synthetic indicator (CTI) consisting of two sub-indicators, CTI Integrity and CTI Performance, which are able to describe in numerical terms the overall degree of transparency of Italian public administrations as well as the two different aspects of the public activity's transparency. Then, using as a sample of Italian municipalities, we address the question whether there is a relation between the fulfillment of transparency obligations and both the institutional quality and the performance of the public administration activity. Our preliminary results suggest that our transparency indicators show a satisfactory correlation with widely used measures of the quality of institutions as well as with the official data on municipalities public spending performance. ; info:eu-repo/semantics/publishedVersion

AbstractOur paper investigates the intertwined relation among transparency, civic capital and political accountability in a large sample of Italian municipalities using a new indicator of institutional transparency. Firstly, we test the hypothesis that civic capital affects transparency of public administrations; secondly, we verify whether in municipalities where civic capital is high, citizens' attention toward government accountability is also high, making it politically unfeasible to disregard the demand for transparency. We find that civic capital positively affects transparency and the latter, in turn, is politically rewarding for the local administrators only conditional to the level of civic capital. Our findings are robust to different samples and endogeneity concerns.