Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach
Autor(a) principal: | |
---|---|
Data de Publicação: | 2014 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/23256 |
Resumo: | 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. |
id |
RCAP_bc3fa2e25afd3e3af18c1704f72cd6e4 |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/23256 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approachTelecommunicationsRegulated IndustriesInvestmentEuropean UnionAccording 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.ISEG - Departamento de EconomiaRepositório da Universidade de LisboaPiselli, PaoloScaglioni, Carla2022-01-25T11:48:24Z20142014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/23256engPiselli, Paolo e Carla Scaglioni. .2014. “Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach”. Instituto Superior de Economia e Gestão. DE Working papers nº 19-2014/DE/UECE2183-1815info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:46Zoai:www.repository.utl.pt:10400.5/23256Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:07:31.734755Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
title |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
spellingShingle |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach Piselli, Paolo Telecommunications Regulated Industries Investment European Union |
title_short |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
title_full |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
title_fullStr |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
title_full_unstemmed |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
title_sort |
Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach |
author |
Piselli, Paolo |
author_facet |
Piselli, Paolo Scaglioni, Carla |
author_role |
author |
author2 |
Scaglioni, Carla |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Piselli, Paolo Scaglioni, Carla |
dc.subject.por.fl_str_mv |
Telecommunications Regulated Industries Investment European Union |
topic |
Telecommunications Regulated Industries Investment European Union |
description |
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. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014 2014-01-01T00:00:00Z 2022-01-25T11:48:24Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/23256 |
url |
http://hdl.handle.net/10400.5/23256 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Piselli, Paolo e Carla Scaglioni. .2014. “Regulation performance and investment in telecommunications in the European Union : a policy evaluation approach”. Instituto Superior de Economia e Gestão. DE Working papers nº 19-2014/DE/UECE 2183-1815 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799131169112981504 |