Modelling regulatory capture in the port sector

Subtitle:a case study in the Philippines

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 economic 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 regression analysis on a limited time series dataset from 1990-2018, we show that, while controlling for relevant factors, corruption has significant negative influence on port efficiency.

Publication year:2022

Keywords:A1 Journal article

Accessibility:Open