Modelling regulatory capture in the port sector: A case study in the Philippines
Ponio, G.; Rashed, Y.; van Hassel, E.; Verhoeven, P. (2022). Modelling regulatory capture in the port sector: A case study in the Philippines. Case Studies on Transport Policy 10(2): 1005-1014. https://dx.doi.org/10.1016/j.cstp.2022.03.014
In: Case Studies on Transport Policy. ELSEVIER SCIENCE BV: Amsterdam. ISSN 2213-624X, meer
Public service sectors have been a common topic for the study of the theory of economic regulation due to the natural monopolistic tendencies they pose. The study attempts to model regulatory capture by examining the impact of regulation and corruption on efficiency in one of these public service sectors, the port sector. The empirical analysis focuses on the port sector of the Philippines and its central port authority, the Philippine Ports Authority. Employing a regression analysis on a limited time series dataset from 1990 to 2018, we show that, while controlling for relevant factors, corruption has significant negative influence on port efficiency.
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