Market liberalization and ownership status of incumbent telecom enterprises: global evidence from the telecom sector
Coupled with the early wave of privatization in the 80s of state-owned telecom enterprises, the reform trend in the telecom market has shifted toward the market liberalization since the 90s, resulting in extended multilateral negotiations on the introduction of competition into basic telecommunications. Building on the empirical model of Greene (1998), this study employs a recursive simultaneous bivariate probit model and examines how the ownership status of incumbent telecom operators affects the market liberalization in basic telecom services. The results show that the implementation of market liberalization programs is clustered where private ownership is more present while opportune stock market conditions and the government's capital constraints are positively associated with the privatization. This study provides the concerned governments with policy choices that can facilitate or retard the implementation of a market liberalization program in their respective countries.
Volume (Year): 12 (2008)
Issue (Month): 30 ()
|Contact details of provider:|| |
References listed on IDEAS
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.:
- 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.
- de Boer, David Boles & Evans, Lewis, 1996. "The Economic Efficiency of Telecommunications in a Deregulated Market: The Case of New Zealand," The Economic Record, The Economic Society of Australia, vol. 72(216), pages 24-35, March.
- Olivier Boylaud & Giuseppe Nicoletti, 2001.
"Regulation, market structure and performance in telecommunications,"
OECD Economic Studies,
OECD Publishing, vol. 2001(1), pages 99-142.
- Olivier Boylaud & Giuseppe Nicoletti, 2000. "Regulation, Market Structure and Performance in Telecommunications," OECD Economics Department Working Papers 237, OECD Publishing.
- Scott Wallsten, 2003. "Of Carts and Horses: Regulation and Privatization in Telecommunications Reforms," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 6(4), pages 217-231.
- Colin Xu, Lixin & Li, Wei & Zhen-Wei Qiang, Christine, 2001.
"The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector,"
CEPR Discussion Papers
2825, C.E.P.R. Discussion Papers.
- Li, Wei & Xu, Lixin Colin, 2002. "The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector," Journal of Comparative Economics, Elsevier, vol. 30(3), pages 439-462, September.
- Gutierrez, Luis Hernando, 2003. "The Effect of Endogenous Regulation on Telecommunications Expansion and Efficiency in Latin America," Journal of Regulatory Economics, Springer, vol. 23(3), pages 257-86, May.
- Banerjee, Aniruddha & Ros, Agustin J., 2004. "Patterns in global fixed and mobile telecommunications development: a cluster analysis," Telecommunications Policy, Elsevier, vol. 28(2), pages 107-132, March.
- Ros, Agustin J, 1999. "Does Ownership or Competition Matter? The Effects of Telecommunications Reform on Network Expansion and Efficiency," Journal of Regulatory Economics, Springer, vol. 15(1), pages 65-92, January.
When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-08l90001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John P. Conley)
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.