Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective

Despite the expansion of the regulatory agency model in Brazil since 1996, specialized literature has raised concerns that the autonomy of the country's regulators has been persistently undermined. Based on a novel 22-year budget dataset, this study challenges the dominant thinking, as it point...

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Main Authors: Bruno Queiroz Cunha, Mauro Santos Silva
Format: Article
Language:English
Published: SAGE Publishing 2024-12-01
Series:Journal of Politics in Latin America
Online Access:https://doi.org/10.1177/1866802X241277214
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author Bruno Queiroz Cunha
Mauro Santos Silva
author_facet Bruno Queiroz Cunha
Mauro Santos Silva
author_sort Bruno Queiroz Cunha
collection DOAJ
description Despite the expansion of the regulatory agency model in Brazil since 1996, specialized literature has raised concerns that the autonomy of the country's regulators has been persistently undermined. Based on a novel 22-year budget dataset, this study challenges the dominant thinking, as it points to a process of continuous institutional embedding. Nevertheless, this process has been endangered by fiscal austerity since 2016. The article contributes to the literature by presenting new ways in which organizational de facto autonomy can develop in state-dependent market economies. Moreover, it provides political economy insights into the legitimacy acquired by regulatory agencies across the political spectrum in Latin America.
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1868-4890
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spelling doaj-art-4622594eeafd4f0fb77358b1b27e59942024-12-03T17:03:39ZengSAGE PublishingJournal of Politics in Latin America1866-802X1868-48902024-12-011610.1177/1866802X241277214Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical PerspectiveBruno Queiroz CunhaMauro Santos SilvaDespite the expansion of the regulatory agency model in Brazil since 1996, specialized literature has raised concerns that the autonomy of the country's regulators has been persistently undermined. Based on a novel 22-year budget dataset, this study challenges the dominant thinking, as it points to a process of continuous institutional embedding. Nevertheless, this process has been endangered by fiscal austerity since 2016. The article contributes to the literature by presenting new ways in which organizational de facto autonomy can develop in state-dependent market economies. Moreover, it provides political economy insights into the legitimacy acquired by regulatory agencies across the political spectrum in Latin America.https://doi.org/10.1177/1866802X241277214
spellingShingle Bruno Queiroz Cunha
Mauro Santos Silva
Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
Journal of Politics in Latin America
title Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
title_full Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
title_fullStr Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
title_full_unstemmed Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
title_short Incredibly Committed? Assessing Regulatory Agency Financial Autonomy in Brazil From a Critical Perspective
title_sort incredibly committed assessing regulatory agency financial autonomy in brazil from a critical perspective
url https://doi.org/10.1177/1866802X241277214
work_keys_str_mv AT brunoqueirozcunha incrediblycommittedassessingregulatoryagencyfinancialautonomyinbrazilfromacriticalperspective
AT maurosantossilva incrediblycommittedassessingregulatoryagencyfinancialautonomyinbrazilfromacriticalperspective