Belloc, Filippo
[VerfasserIn]
;
Nicita, Antonio
[Sonstige Person, Familie und Körperschaft];
Sepe, Simone M.
[Sonstige Person, Familie und Körperschaft]
Disentangling Liberalization and Privatization Policies
: Is There a Political Trade-Off?
Anmerkungen:
In: Journal of Comparative Economics, Vol. 42, No. 4, 2014
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2014 erstellt
Beschreibung:
We empirically investigate the political determinants of liberalization and privatization policies in six network industries of 30 OECD countries. We unbundle liberalization and privatization reforms and study their simultaneous determination in a two-equation model. Our findings unveil that both right-wing and left-wing governments implement liberalizations and privatizations, showing a common trend under the so-called neo-liberalism wave. However, although the privatization rate is higher than liberalization in right-wing environments, the opposite occurs under left-wing governments. We conclude that different deregulation patterns should be expected under governments characterized by different political ideologies