The political economy of independent regulatory agencies in Turkey
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Date
2010
Authors
Çetin, Tamer
Abdülhakimoğulları, Erdal
Journal Title
Journal ISSN
Volume Title
Publisher
Nova Science Publishers
Abstract
The chapter analyses transition to IRAs M Turkey from two different viewpoints. Main reasons for delegation of the regulatory discretion to IRAs are to reduce political transaction costs and to ensure a credible commitment. In this context, the first section of the chapter examines the meaning of political transaction costs and regulatory commitment in terms of independence of IRAs during delegation process of the discretion to IRAs in the Turkish experience. This section also contains lessons from the Turkish energy industries. The second section only evaluates formal independence levels of IRAs in Turkey. Thus, the chapter reveals formal independence of IRAs in Turkey and presents a comparative analysis among them.
Description
Keywords
Independent regulatory agencies, Delegation, Independence, Accountability, Instıtutıons, Market, Liberalization, Privatization, Perspective, Information, Limits, Business & economics
Citation
Çetin, T. vd. (2010). "The political economy of independent regulatory agencies in Turkey". ed. T. Çetin, F. Yılmaz. Understanding the Process of Economic Change in Turkey: An Institutional Approach, 229-250.