This paper assesses and measures regulatory governance in 21
infrastructure regulators in Brazil. Regulatory Governance is
decomposed into four main attributes: autonomy; decision-rules;
means and tools; and accountability. A ranking is proposed and the
main areas for improvement identified. A comparison of the proposed
regulatory governance index and other indexes internationally
available is performed. Section 2 sets up the analytical framework
for the report, identifying key components of regulatory
governance, namely, autonomy (political and financial), procedures
for decision-making, tools and means (including personnel), and
accountability. Section 3 assesses each of these components in
practice, reporting the results of a survey with 21 regulatory
agencies in Brazil, which was designed and implemented in 2005.
Section 4 measures regulatory governance based on three related
indexes, ranks the Brazilian regulators among themselves, and
compares the proposed indexes with other two indicators available
in the literature. Section 5 presents the conclusions.
General
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