MétaCan
Menu
Back to cohort
Record W1900465000

The Question of Governance in the Privatisation of Infrastructure

2012· article· en· W1900465000 on OpenAlexvenueno aff
Hilton McDavid

Bibliographic record

VenueCaribbean dialogue · 2012
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing, Finance, and Neoliberalism
Canadian institutionsnot available
Fundersnot available
KeywordsExpropriationOpportunismCorporate governanceLegitimacyMarket economyGovernment (linguistics)BusinessState ownershipEconomicsEconomic interventionismPoliticsEconomic systemPublic economicsFinanceEmerging marketsLawPolitical science
DOInot available

Abstract

fetched live from OpenAlex

In the Caribbean, particularly Guyana and Jamaica, the boundaries of the state started to shift to privatisation with the adapting of their structural adjustment programmes and the conditionalities. In discussing pre-privatisation and post-privatisation governance, it is important that we realise that legitimacy is not primarily about ownership but about control, regardless of whether this is effected through regulation, or direct ownership or whether economic activity should be guided by the market, subject to only general competition (Newberry 2000). The greatest detriment to private participation in infrastructure is the regulatory environment. If the regulation is unlimited in scope, unclear in operation and inclined towards micromanagement, private investors will be detracted and simply seek a more compatible environment. The regulatory regime must be limited, transparent, fair and consistent and government must keep its promises. Investors are now not only wary of direct expropriation, but also of administrative or incremental expropriation, depriving the private firm of legitimate recovery of costs and profits. The conduct of the regulator has to be such that he is considered an important referee where the objective is to optimise output, rather than reflecting the interest of the political groups. The regulation of infrastructure has to deal with asset specificity on the part of the firm, bounded rationality on the part of the regulation, and opportunism by both parties. In addition, it has to protect agreements against intervention by other parties. A major threat here is not just directly from the government, but treaties and domestic and international pressure groups may cause the need for legislation in areas such as safety and environmental issues after the signing of the compact that could significantly affect the operations of the entity. In summary, a government can effect privatisation by committing itself credibly to post-privatisation governance that serves the public interest. Finally, Government macroeconomic policy that will encourage the creation of employment is essential to governance of privatisation in the Caribbean context, as jobs produce consumers who can pay user fees. This holds true whether we are discussing potable water supply where there is a great need or toll roads, which may be dependent on higher incomes for the purchase of transportation services and vehicles.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.816
Threshold uncertainty score0.228

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.224
Teacher spread0.207 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2012
Admission routes1
Has abstractyes

Explore more

Same venueCaribbean dialogueSame topicHousing, Finance, and NeoliberalismFrench-language works237,207