Competition and investment in telecommunications: Does competition have the same impact on investment by private and state-owned firms?

Information Economics and Policy

Volumn 25, Issue 1, 2013, Pages 41-50

  Lestage, Romain ^a   Flacher, David ^b   Kim, Yeonbae ^c   Kim, Jihwan ^d   Kim, Yunhee ^e  

^a TELECOM PARISTECH   (France)

^b UNIVERSITÉ PARIS 13   (France)

^c Seoul National University   (South Korea)

^d Samsung Advanced Institute of Technology (SAIT)   (South Korea)

^e OECD   (France)

Author keywords

Competition; Investment; Ownership; Telecommunications

Indexed keywords

COMPETITIVE PRESSURE; EMPIRICAL STUDIES; INFRASTRUCTURE INVESTMENT; OECD COUNTRIES; OWNERSHIP; RECENT RESEARCHES; TELECOMMUNICATIONS OPERATORS;

COMPETITION; INDUSTRY; TELECOMMUNICATION;

INVESTMENTS;

INDUSTRIAL COMPETITION; INVESTMENT; LIBERALIZATION; OECD; PRIVATE SECTOR; STATE OWNED ENTERPRISE; TELECOMMUNICATION;

EID: 84877657169     PISSN: 01676245     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.infoecopol.2013.02.001     Document Type: Article

References (33)

1. Aghion P., Bloom N., Blundell R., Grith R., Howitt P. Competition and innovation: an inverted-U relationship. Quarterly Journal of Economics 2005, 120(2):70-128.
2. Ahn, S. 2002 Competition, Innovation and Productivity Growth: A Review of Theory and Evidence. OECD Economics Department Working Papers, No. 317.
3. Alesina A., Ardagna S., Nicoletti G., Schiantarelli F. Regulation and investment. Journal of the European Economic Association 2005, 3(4):791-825.
4. Andonova V. Mobile phones, the internet and the institutional environment. Telecommunications Policy 2006, 30(1):29-45.
5. Arellano M., Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies 1991, 58(2):277-297.
6. Blundell R., Bond S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 1998, 87(1):115-143.
7. Bouckaert J., van Dijkb T., Verboven F. Access regulation, competition, and broadband penetration: an international study. Telecommunications Policy 2010, 34(11):661-671.
8. Calderini M., Garrone P. Liberalisation, industry turmoil and the balance of R&D activities. Information Economics and Policy 2001, 13(2):199-230.
9. Cambini C., Jiang Y. Broadband investment and regulation: a literature review. Telecommunications Policy 2009, 33(10-11):559-574.
10. Datta A. Divestiture and its implications for innovation and productivity growth in U.S. Telecommunications. Southern Economic Journal 2003, 69(3):644-658.
11. Faulhaber G., Hogendorn C. The market structure of broadband telecommunications. Journal of Industrial Economics 2000, 48(3):305-329.
12. Fink C., Mattoo A., Rathindran R. An assessment of telecommunications reform in developing countries. Information Economics and Policy 2003, 15(4):443-466.
13. Friederiszick, H. Grajek, M., Roller, L. 2008 Analyzing the relationship between regulation and investment in the telecom sector. ESMT White Papers, WP-108-01.
14. Greenstein S., Mcmaster S., Spiller P.T. The effect of incentive regulation on infrastructure modernization: local exchange companies' deployment of digital technology. Journal of Economics and Management Strategy 1995, 4(2):187-236.
15. Holtz-Eakin D., Newey W., Rosen H.S. Estimating vector autoregressions with panel data. Econometrica 1988, 56(6):1371-1395.
16. Jensen M.C. Agency cost of free cash flow, corporate governance, and takeovers. American Economic Review 1986, 76(2):323-329.
17. Judson R., Owen A. Estimating dynamic panel data models: a guide for macroeconomists. Economics Letters 1999, 65(1):9-15.
18. Jung I., Gayle P., Lehman D. Competition and investment in telecommunications. Applied Economics 2008, 40:303-313.
19. Leibenstein H. Allocative efficiency versus x-efficiency. American Economic Review 1966, 56:392-416.
20. Li Y. Econometric evidence on the impacts of privatization, new entry, and independent industry regulator on mobile network penetration and expansion. SSRN eLibrary 2008.
21. Li W., Xu L.C. The impact of privatization and competition in the telecommunications sector around the world. Journal of Law and Economics 2004, 47(2):395-430.
22. Nickell S. Biases in dynamic models with fixed effects. Econometrica 1981, 49(6):1417-1426.
23. Roodman D. A note on the theme of too many instruments. Oxford Bulletin of Economics and Statistics 2009, 71(1):135-158.
24. Ros A.J. Does ownership or competition matter? The effects of telecommunications reform on network expansion and efficiency. Journal of Regulatory Economics 1999, 15:65-92.
25. Shapiro C., Willig R. Economic rationales for privatization in industrial and developing countries. The Political Economy of Public-Sector Reform and Privatization 1990, Westview Press. Suleiman (Ed.).
26. Shirley, M., Walsh, P. 2000. Public versus private ownership: the current state of the debate. Policy Research Working Paper Series 2420. The World Bank.
27. Stulz R. Managerial discretion and optimal financing policies. Journal of Financial Economics 1990, 26(1):3-27.
28. Vickers J., Yarrow G. Perspectives on privatization. Journal of Economic Perspectives 1991, 5(2):111-132.
29. Wallsten S. An econometric analysis of telecom competition, privatization, and regulation in Africa and Latin America. Journal of Industrial Economics 2001, 49(1):1-19.
30. Wallsten, S. 2002. Does Sequencing Matter? Regulation and Privatization in Telecommunications Reforms. World Bank Policy Research Working Paper, No. 2817.
31. Waverman L., Sirel E. European telecommunications markets on the verge of full liberalization. Journal of Economic Perspectives 1997, 11(4):113-126.
32. Zhang Y.-F., Parker D., Kirkpatrick C. Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter?. Quarterly Review of Economics and Finance 2005, 45(2-3):358-379.
33. Zhang Y.-F., Parker D., Kirkpatrick C. Electricity sector reform in developing countries: an econometric assessment of the effects of privatization, competition and regulation. Journal of Regulatory Economics 2008, 33(2):159-178.