DELEGATED POWER AND ROLE PERCEPTIONS BETWEEN GOVERNMENT AND INDEPENDENT REGULATORY AGENCIES IN KOSOVO AND IMPACT ANALYSIS IN PUBLIC SECTOR ENTERPRISES SUSTAINABILITY
DELEGATED POWER AND ROLE PERCEPTIONS BETWEEN GOVERNMENT AND INDEPENDENT REGULATORY AGENCIES IN KOSOVO AND IMPACT ANALYSIS IN PUBLIC SECTOR ENTERPRISES SUSTAINABILITY

Summary/Abstract: In this paper, we focus on dynamic exchange, opportunities, tendencies or phenomena between increasing the independence of regulatory agencies and political control. The main issues of research are weak basis of reforms and current regulatory practices, the creation of confusion between political control and agency control, with the key focus on the impact it has on the public sector enterprises in a developing country such as Kosovo in Southeastern Europe, and issues of "best practice" in policy and regulatory practice. The theoretical basis of this research is agency theory and a broad institutional approach combining national political strategies, historical and cultural context and external pressures to understand regulatory agencies and regulatory challenges. Here we describe how regulatory reforms and regulators in practice are affected and affecting public sector when not in compliance with the law. Preliminary results and our observations show that independent regulatory agencies are affected by politics, regulates, and interest groups, we also lack leaders with integrity, formal independence de facto does not apply, as a consequence investment climate is jeopardized by various dimensions of independence and an unviable public sector enterprises threatening public goods and universal services whose aim is to reduce the gap between rich and poor, also to provide a baseline level of services to every resident of a country. Our concern is to raise citizen’s awareness on the need to review and evaluate public policies, assess public needs, and assess ex-ante social impact of regulatory decisions, procedures and accountability as key performance indicators in meeting public policy expectations and transparent implementation results.

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