The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach
AbstractThis paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation in formerly overregulated economies, (b) as a reaction to an increasing macroeconomic problem pressure and (c) as a means to foster growth and increase tax income and relax the fiscal stance with an eye on the demands by integration of economic and financial markets. Whereas we are able to corroborate claim (a) only partly, we gain consistent evidence in favour of claims (b) and (c).
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1600.
Date of creation: 2005
Date of revision:
European Union; panel analysis; partisan theory; privatisation proceeds; state-owned enterprises;
Other versions of this item:
- Ansgar Belke & Frank Baumgärtner & Friedrich Schneider & Ralph Setzer, 2005. "The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach," Diskussionspapiere aus dem Institut fÃ¼r Volkswirtschaftslehre der UniversitÃ¤t Hohenheim 264/2005, Department of Economics, University of Hohenheim, Germany.
- Belke, Ansgar & Baumgärtner, Frank & Schneider, Friedrich & Setzer, Ralph, 2005. "The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach," IZA Discussion Papers 1741, Institute for the Study of Labor (IZA).
- Ansgar Belke & Frank Baumgartner & Friedrich Schneider & Ralph Setzer, 2006. "The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach," CREMA Working Paper Series 2006-02, Center for Research in Economics, Management and the Arts (CREMA).
- Ansgar Belke & Frank Baumgärtner & Friedrich G. Schneider & Ralph Setzer, 2006. "The different extent of privatisation proceeds in EU countries: A preliminary explanation using a public choice approach," Economics working papers 2006-06, Department of Economics, Johannes Kepler University Linz, Austria.
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-10 (All new papers)
- NEP-EEC-2005-12-15 (European Economics)
- NEP-MAC-2005-12-16 (Macroeconomics)
- NEP-PBE-2005-12-18 (Public Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Friedrich Schneider & Ansgar Belke, 2004. "Privatization in Austria: Some theoretical reasons and performance measures," Economics working papers 2004-04, Department of Economics, Johannes Kepler University Linz, Austria.
- Bernardo Bortolotti & Marcella Fantini & Domenico Siniscalco, 2001. "Privatisation Around the World: New Evidence from Panel Data," CESifo Working Paper Series 600, CESifo Group Munich.
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- Stegarescu, Dan, 2004. "Public Sector Decentralization: Measurement Concepts and Recent International Trends," ZEW Discussion Papers 04-74, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
- Heijdra, Ben J. & Ligthart, Jenny E., 2010.
"The Transitional Dynamics Of Fiscal Policy In Small Open Economies,"
Cambridge University Press, vol. 14(01), pages 1-28, February.
- Ben J. Heijdra & Jenny Ligthart, 2006. "The Transitional Dynamics of Fiscal Policy in Small Open Economies," CESifo Working Paper Series 1777, CESifo Group Munich.
- Heijdra, B.J. & Ligthart, J.E., 2006. "The Transitional Dynamics of Fiscal Policy in Small Open Economies," Open Access publications from Tilburg University urn:nbn:nl:ui:12-199394, Tilburg University.
- Tetiana Maksimovna Bogolib, 2013. "The Public Sector of MixedEconomy in the Modern World," Equilibrium, Uniwersytet Mikolaja Kopernika, vol. 8, pages 125-136.
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