Partisan Liberalizations. A New Puzzle from OECD Network Industries?
AbstractWe investigate the political determinants of liberalization in OECD network industries, performing a panel estimation over thirty years, through the largest and most updated sample available. Contrary to traditional ideological cleavages, we find that right-wing governments liberalize less than left-wing ones. This result is confirmed when controlling for the existing regulatory conditions that executives find when elected. Furthermore, governments' heterogeneity, proportional electoral rules, and European Union membership all show positive and statistically significant effects on liberalization. Our findings suggest that, despite the conventional wisdom, the political-economic rationale behind liberalization paths in network industries is far from being assessed.
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Bibliographic InfoPaper provided by European University Institute in its series RSCAS Working Papers with number 2010/28.
Date of creation: 29 Jan 2010
Date of revision:
Liberalization - Network Industries - Government heterogeneity and Partisanship - Electoral systems - Panel data . JEL Classification D72; L50; P16; C23.;
Other versions of this item:
- Filippo Belloc & Antonio Nicita, 2010. "Partisan Liberalizations. A New Puzzle from OECD Network Industries?," Department of Economics University of Siena 588, Department of Economics, University of Siena.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-02 (All new papers)
- NEP-NET-2010-05-02 (Network Economics)
- NEP-POL-2010-05-02 (Positive Political Economics)
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