Cover -- Title Page -- Contents -- Latin American Development Forum Series -- Other Titles in the Latin American Development Forum Series -- About the Authors -- Preface -- Acknowledgments -- Abbreviations -- 1 Introduction -- Introduction -- Notes -- 2 Setting the Stage -- Why Infrastructure Matters -- Trends in Infrastructure Financing -- Distribution -- Sectoral Distribution -- Geographic Distribution -- Modal Distribution -- Investor Type: Geographic Location -- Limitations -- Achievements and Moving Forward -- Notes -- 3 Learning from Existing Literature -- Introduction -- Employment and Wages -- Prices of Services -- Quality of Services -- Access to Services and Coverage -- Asset Ownership -- Impact on Investors -- Fiscal Flows -- Productivity and Financial Solvency -- Distributional Impact and Consumer Welfare -- Water and Electricity -- Telecommunications -- Notes -- 4 Filling Gaps with New Data Sets and Methodologies -- Introduction -- Data Sets -- Performance Indicators Data Set -- Contract and Regulatory Characteristics Data Set -- LAC Electricity Benchmarking Database -- New Methodology: Separating Transition versus Long-Run Effects -- New Methodology: Distinguishing Levels from Trends -- Means and Medians Analysis -- Econometric Analysis -- Adding Contract and Regulatory Characteristics -- Endogeneity and Selection Bias -- Notes -- 5 The Impact on Electricity Distribution -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Electricity Distribution: Output and Coverage Summary -- Energy Sold -- Number of Connections -- Coverage -- Impact on Employment -- Electricity Distribution: Employment Summary -- Impact on Labor Productivity and Efficiency -- Electricity Distribution: Labor Productivity and Efficiency Summary -- Labor Productivity -- Distributional Losses -- Impact on Prices.

Electricity Distribution: Price Summary -- Impact on Quality -- Electricity Distribution: Quality Summary -- Conclusion -- Notes -- 6 The Impact on Fixed-Line Telecommunications -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Telecommunications: Output and Coverage Summary -- Number of Connections -- Number of Minutes -- Coverage -- Impact on Employment -- Telecommunications: Employment Summary -- Impact on Labor Productivity and Efficiency -- Telecommunications: Labor Productivity and Efficiency Summary -- Labor Productivity -- Incomplete Calls -- Impact on Prices -- Telecommunications: Price Summary -- Impact on Quality -- Telecommunications: Quality Summary -- Liberalization and Competition -- Telecommunications: Liberalization and Competition Summary -- Liberalization -- Competition from Mobile Service Providers -- Conclusion -- Notes -- 7 The Impact on Water and Sewerage -- Introduction -- The Privatization Process -- Data -- Impact on Output and Coverage -- Water and Sewerage: Output and Coverage Summary -- Number of Connections -- Water Production -- Coverage -- Impact on Employment -- Water and Sewerage: Employment Summary -- Impact on Labor Productivity and Efficiency -- Water and Sewerage: Labor Productivity and Efficiency Summary -- Labor Productivity -- Distributional Losses -- Impact on Prices -- Water and Sewerage: Price Summary -- Impact on Quality -- Water and Sewerage: Quality Summary -- Service Continuity -- Potability -- Conclusion -- Notes -- 8 An Assessment of the Electricity Distribution Performance of Private and Public Utilities -- Introduction -- Main Findings -- Coverage -- Output -- Labor Productivity -- Operating Performance -- Tariffs -- Quality of Service -- Top 10 Percent and Bottom 10 Percent Performers -- Output -- Labor Productivity -- Operating Performance.

Quality of Service -- Conclusion -- Notes -- 9 Determinants of Impact: Regulatory and Contract Variables -- Introduction -- Sale Method -- Autonomy of Regulatory Body -- Duration of Regulatory Body Appointments -- Investor Nationality -- Award Criteria -- Tariff Regulation -- Conclusion -- Notes -- 10 Conclusion -- Introduction -- Key Methodological Contributions -- Main Findings -- Moving Forward -- Critical Elements to Be Introduced in Moving Forward to Secure Success and Maximum Benefit of Private Participation Programs -- Improved Institutionality -- Improved Contract and Concession Design -- Regulatory Framework -- Regulatory Instruments -- Conflict Resolution Mechanism -- Addressing Social Issues -- Transparency and Communications -- Evaluation and Monitoring -- Note -- Appendix 1 Existing Literature -- Notes -- Appendix 2: Details of Econometric Approach -- Adding Contract and Regulatory Characteristics -- Estimation -- Endogeneity -- Notes -- Appendix 3: Detailed Results of Empirical Analysis -- Appendix 4: Summary of Power Market Reforms in Latin America and the Caribbean -- Appendix 5: Utility Companies -- Bibliography -- Index -- Back Cover.