Who Wants To Revise Privatization? The Complementarity of Market Skills and Institutions
AbstractUsing survey data from 28 transition countries, we test for the complementarity and substitutability of market-relevant skills and institutions. We show that democracy and good governance complement market skills in transition economies. Under autocracy and weak governance institutions there is no significant difference in support for revising privatization between high and low-skilled respondents. As the level of democracy and the quality of governance increases, the difference in the level of support for revising privatization between the high and low skilled grows dramatically. This finding contributes to our understanding of microfoundations of the politics of economic reform.
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Bibliographic InfoPaper provided by Center for Economic and Financial Research (CEFIR) in its series Working Papers with number w0127.
Length: 46 pages
Date of creation: Apr 2009
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Other versions of this item:
- Denisova, Irina & Eller, Markus & Frye, Timothy & Zhuravskaya, Ekaterina, 2009. "Who Wants To Revise Privatization? The Complementarity of Market Skills and Institutions," CEPR Discussion Papers 7260, C.E.P.R. Discussion Papers.
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- O0 - Economic Development, Technological Change, and Growth - - General
- P0 - Economic Systems - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-14 (All new papers)
- NEP-LAB-2009-02-14 (Labour Economics)
- NEP-TRA-2009-02-14 (Transition Economics)
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