info:eu-repo/semantics/article
The trade balance effects of infrastructure services regulation
Fecha
2013-06-01Registro en:
instname: Universidad Icesi
reponame: Biblioteca Digital
Autor
Chisari, Omar
Romero, Carlos
Lambardi, Germán
Estache, Antonio
Institución
Resumen
This paper addresses the relationship between the design of incentives to firms under regulation, mainly the rule for adjusting tariffs, and trade balance performance of the country. We also explore whether this relationship is relevant or not for a typical developing economy like Argentina. We find it is. To study these issues we perform comparative static numerical exercises using a CGE model where service obligation and no entry in regulated industries are assumed. We show that the capital account openness and the rate of exchange regime could be key elements to match with the regulatory regime. The potential inconsistency between the international trade regime and the regulatory regime should not be rejected a priori. Copyright Springer-Verlag 2013