Does Regulation Affect Infrastructure Investment and Output. Evidence from OECD countries and Bangladesh[1]. Author Goran Sumkoski, International Journal of Scientific and Engineering Research (IJSER) Volume 7, Issue 12, December-2016, pp.364-376
International Journal of Scientific & Engineering Research, Volume 7, Issue 12, December-2016
ISSN 2229-5518
IJSER © 2016
http://www .ijser.org
Does Regulation Positively Impact Investment and Output in Infrastructure? Empirical analysis of OECD countries and Bangladesh
Goran Sumkoski
Abstract
The research confirms the positive impact of regulation on investment and delivery of services the infrastructure for developed
OECD countries and finds that this claim is equally valid in a case of a developing country such as Bangladesh. The results support the
notion that introducing market forces and competition into the infrastructure sectors such as energy, transport and telecommunications are
conducive to increased investment and output of corresponding infrastructure sectors. The empirical research is conducted using specially
reconstructed sets o infrastructure regulatory indicators for energy, transport and telecommunications for Bangladesh for the same period
of 1975 2013 to exactly mirror the existing OECD infrastructure indicators datasets.
Index Terms
Keywords: regulation, investment, infrastructure, developing country, OECD.
JEL Classification: L51 Economics of Regulation; L52 Industrial Policy Sector Planning Methods; L97 Utilities General; L98 Government
Policy; K23 Regulated Industries and Administrative Law
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[1] http://www.ijser.org/researchpaper/Does-Regulation-Positively-Impact-Investment-and-Output-in-Infrastructure-Empirical-analysis-of-OECD-countries-and-Bangladesh.pdf
