department of economics school social sciences regulatory effectiveness the impact good governance on electricity industry capacity and efficiency in developing countries john cubbin jon stern city university london business discussion paper series no 04 work progress not to be cited without permission authors abstract this assesses for 28 over period 1980 2001 whether existence a law higher quality are significantly associated with superior outcomes analysis draws theoretical empirical independent central banks country telecommunications regulators concludes that controlling other relevant variables allowing specific fixed effects is positively per capita generation levels utilisation rates addition at least three years or more positive appears increase experience _____________________________________________________________________ corresponding author address ec1v 0hb phone 020 7040 8533 fax 8580 e mail js ac uk 1 introduction
