Liberalization-Privatization Paths: Policies and Politics
AbstractWe empirically investigate the political determinants of deregulation policies in six network industries of 30 OECD countries over 1975-2007. We unbundle privatization and liberalization and propose an econometric study in which we allow for the joint adoption of the two policies by governments. We find, contrary to conventional wisdom, that right-wing executives tend to privatize more and to liberalize less, relative to left-wing governments. Thus, we show that ideological cleavages affect the ‘structure’ of deregulation, i.e. the way in which liberalization and privatization are combined. This result may shed new lights on the analysis of the political determinants of market-oriented policy, and suggest new issues for further theoretical and empirical research
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 609.
Date of creation: Mar 2011
Date of revision:
Liberalization; Privatization; Network Industries; Partisanship.;
Other versions of this item:
- Filippo BELLOC & Antonio NICITA, 2011. "Liberalization-privatization paths: policies and politics," Departmental Working Papers 2011-32, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- 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-2011-07-02 (All new papers)
- NEP-HME-2011-07-02 (Heterodox Microeconomics)
- NEP-NET-2011-07-02 (Network Economics)
- NEP-POL-2011-07-02 (Positive Political Economics)
- NEP-REG-2011-07-02 (Regulation)
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.:
- Cesar Martinelli & Mariano Tommasi, 1993. "Sequencing of Economic Reforms in the Presence of Political Constraints," UCLA Economics Working Papers 701, UCLA Department of Economics.
- Hans Pitlik, 2007. "A race to liberalization? Diffusion of economic policy reform among OECD-economies," Public Choice, Springer, vol. 132(1), pages 159-178, July.
- Jens Høj & Vincenzo Galasso & Giuseppe Nicoletti & Thai-Thanh Dang, 2006. "The Political Economy of Structural Reform: Empirical Evidence from OECD Countries," OECD Economics Department Working Papers 501, OECD Publishing.
- K. Arin & Mehmet Ulubaşoğlu, 2009.
"Leviathan resists: the endogenous relationship between privatization and firm performance,"
Springer, vol. 140(1), pages 185-204, July.
- Mehmet Ulubasoglu & K. Peren Arin, 2005. "Leviathan Resists: The Endogenous Relationship Between Privatisation and Firm Performance," Economics Series 2005_17, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2002.
"An assessment of telecommunications reform in developing countries,"
Policy Research Working Paper Series
2909, The World Bank.
- Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003. "An assessment of telecommunications reform in developing countries," Information Economics and Policy, Elsevier, vol. 15(4), pages 443-466, December.
- Christian Bjørnskov & Niklas Potrafke, 2009.
"Political ideology and economic freedom across Canadian provinces,"
Working Papers CEB
09-054.RS, ULB -- Universite Libre de Bruxelles.
- Christian Bj�rnskov & Niklas Potrafke, 2012. "Political Ideology and Economic Freedom Across Canadian Provinces," Eastern Economic Journal, Palgrave Macmillan, vol. 38(2), pages 143-166.
- Cukierman, A. & Tommasi, M., 1997.
"When Does It Take a Nixon to Go to China,"
30-97, Tel Aviv.
- Niklas Potrafke, 2010. "Does government ideology influence deregulation of product markets? Empirical evidence from OECD countries," Public Choice, Springer, vol. 143(1), pages 135-155, April.
- Mark Armstrong & David Sappington, 2005.
"Regulation, Competition and Liberalization,"
0505011, EconWPA, revised 07 Oct 2005.
- Tomaso Duso, 2002. "On the Politics of the Regulatory Reform: Econometric Evidence from the OECD Countries," CIG Working Papers FS IV 02-07, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
- Bernardo Bortolotti & Paolo Pinotti, 2008.
Springer, vol. 136(3), pages 331-351, September.
- Harrington, Joseph E, Jr, 1993. "Economic Policy, Economic Performance, and Elections," American Economic Review, American Economic Association, vol. 83(1), pages 27-42, March.
- Filippo Belloc & Antonio Nicita & Pier Luigi Parcu, 2011. "Deregulating Telecommunications in Europe: Timing, Path-Dependency, and Institutional Complementarities," RSCAS Working Papers 2011/47, European University Institute.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabrizio Becatti).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.