Economics of rural infrastructure : evaluating the provision of transport and electricity in Peru : 1. Electoral cycles and renegotiation of transport infrastructure concession con...

• Autores: Aguirre Montoya, Julio César
• Año de publicación: 2016
• Idioma: inglés
• Tipo de recurso: tesis doctoral
• Colaborador/a o director/a de tesis: Rossi, Martín A.
• Materia: Infrastructure (Economics) -- Peru -- Mathematical models.; Roads -- Economic aspects -- Peru -- Mathematical models.; Electric power distribution -- Economic aspects -- Peru -- Mathematical models.; Infraestructura (Economía) -- Perú -- Modelos matemáticos.; Carreteras -- Aspectos económicos -- Perú -- Modelos matemáticos.; Energía eléctrica -- Distribución -- Aspectos económicos -- Perú -- Modelos matemáticos.
• Institución: Universidad de San Andrés

Fil: Aguirre Montoya, Julio César. Universidad de San Andrés. Departamento de Economía; Argentina.
Using a unique governmental database from Peru, I find that electoral cycles significantly affect the hazard of renegotiation of transport infrastructure concession contracts. The effect of electoral cycles remains robust when applying a varied set of specifications. In addition, electoral cycles have positive marginal effects on the hazard of renegotiation of concession contracts between 3% and 6%. These results provide a perspective on the importance of enforcing institutional and regulatory supervisory activities of infrastructure concession contracts in order to minimize possible political influences on the contractual stability of these contracts.