regulation initiative working paper series no 57 regulatory effectiveness the impact of good governance on electricity industry capacity and efficiency in developing countries by john cubbin city university london business school jon stern 1 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 2 introduction
