1887

OECD Regulatory Policy Working Papers

This series gathers together OECD working papers on the tools, governance and institutions of better regulation and their impact on policy outcomes. It includes both technical and analytical material, prepared by staff and experts in the field. Together, the papers provide valuable context and background for OECD publications on regulatory policy and governance.

English

The governance of regulators in Latin America

Evidence from the 2018 Indicators on the governance of sector regulators

Using data from the 2018 OECD Indicators on the Governance of Sector Regulators, this paper analyses the governance of economic regulators in seven Latin American economies (Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru) and across five critical network sectors (energy, e-communications, rail transport, air transport and water). The indicators allow for direct comparison of thirty economic regulators and provide a snapshot of the governance arrangements designed to preserve independence, practices to promote accountability, and the functions of the regulators. After describing key institutional characteristics of the regulators in the sample, the paper uses the indicators to identify patterns in governance. Evidence from in-depth performance reviews of regulators complements the indicators, shedding light on cost recovery fees, budgetary processes, and the use of advisory bodies in Latin American regulators.

English

Keywords: regulatory policy, Latin America, accountability, economic regulators, governance, independence, regulation, network sectors
JEL: D73: Microeconomics / Analysis of Collective Decision-Making / Bureaucracy; Administrative Processes in Public Organizations; Corruption; L50: Industrial Organization / Regulation and Industrial Policy / Regulation and Industrial Policy: General; N46: Economic History / Government, War, Law, International Relations, and Regulation / Economic History: Government, War, Law, International Relations, and Regulation: Latin America; Caribbean; K23: Law and Economics / Regulation and Business Law / Regulated Industries and Administrative Law; L98: Industrial Organization / Industry Studies: Transportation and Utilities / Industry Studies: Utilities and Transportation: Government Policy
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