The retreat of the state from entrepreneurial activities: A convergence analysis for OECD countries, 1980–2007
In this paper, we measure the extent and dissemination of the retreat of the state from entrepreneurial activities in 20 OECD countries during the 1980–2007 period using a three-dimensional concept and a new dataset, the REST database. We consider privatization, deregulation in network-based services, and the cutback of subsidies. Though the empirical analysis confirms a clear trend towards diminishing state influence in all three dimensions, the analysis of both sigma and conditional beta convergence indicates convergence only for privatization (measured by public employment) and for subsidization, indicating that OECD countries have become similar and have converged to a common equilibrium with respect to these dimensions.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 32 (2013)
Issue (Month): C ()
|Contact details of provider:|| Web page: http://www.elsevier.com/locate/inca/505544|
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.:
- Morck, Randall & Deniz Yavuz, M. & Yeung, Bernard, 2011.
"Banking system control, capital allocation, and economy performance,"
Journal of Financial Economics,
Elsevier, vol. 100(2), pages 264-283, May.
- Randall Morck & M. Deniz Yavuz & Bernard Yeung, 2009. "Banking System Control, Capital Allocation, and Economy Performance," NBER Working Papers 15575, National Bureau of Economic Research, Inc.
- Etling, Andreas & Mause, Karsten & Obinger, Herbert & Schmitt, Carina & Schreeb, Katharina, 2009. "The retreat of the state from entrepreneurial activities: an extended survey," TranState Working Papers 107, University of Bremen, Collaborative Research Center 597: Transformations of the State.
- Bruno Biais & Enrico Perotti, 2002. "Machiavellian Privatization," American Economic Review, American Economic Association, vol. 92(1), pages 240-258, March.
- David E. M. Sappington & Joseph E. Stiglitz, 1987.
"Privatization, Information and Incentives,"
NBER Working Papers
2196, National Bureau of Economic Research, Inc.
- Jean-Jacques Laffont & Jean Tirole, 1991.
"Privatization and Incentives,"
572, Massachusetts Institute of Technology (MIT), Department of Economics.
- Massimo Florio & Mara Grasseni, 2004.
"The Missing Shock: The Macroeconomic Impact of British Privatisation,"
2004.104, Fondazione Eni Enrico Mattei.
- Emanuele Bacchiocchi & Massimo Florio & Mara Grasseni, 2005. "The missing shock: the macroeconomic impact of British Privatizations," Applied Economics, Taylor & Francis Journals, vol. 37(14), pages 1585-1596.
- Massimo Florio & Mara Grasseni, 2003. "The missing shock: the macroeconomic impact of British privatisation," Departmental Working Papers 2003-21, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Aisbett, Emma & McAusland, Carol, 2013.
"Firm characteristics and influence on government rule-making: Theory and evidence,"
European Journal of Political Economy,
Elsevier, vol. 29(C), pages 214-235.
- Emma Aisbett & Carol McAusland, 2011. "Firm Characteristics and Influence on Government Rule-Making: theory and evidence," CEPR Discussion Papers 649, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996. "A Theory of Privatisation," Economic Journal, Royal Economic Society, vol. 106(435), pages 309-319, March.
- Ansgar Belke & Frank Baumgärtner & Friedrich Schneider & Ralph Setzer, 2007. "The Different Extent of Privatization Proceeds in OECD Countries: A Preliminary Explanation Using a Public-Choice Approach," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(2), pages 211-243, June.
- Maxim Boycko & Andrei Shlelfer & Robert Vishny, 1993.
University of Chicago - George G. Stigler Center for Study of Economy and State
85, Chicago - Center for Study of Economy and State.
- Bernardo Bortolotti & Marcella Fantini & Carlo Scarpa, 2002. "Why Do Governments Privatize Abroad?," International Review of Finance, International Review of Finance Ltd., vol. 3(2), pages 131-161.
- Davidson, James E H, et al, 1978. "Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom," Economic Journal, Royal Economic Society, vol. 88(352), pages 661-692, December.
- Bernardo Bortolotti & Mara Faccio, 2009. "Government Control of Privatized Firms," Review of Financial Studies, Society for Financial Studies, vol. 22(8), pages 2907-2939, August.
- Emanuele Bacchiocchi & Massimo Florio, 2008. "Privatisation and aggregate output: testing for macroeconomic transmission channels," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(5), pages 525-545, December.
- Newbery, D., 1996.
"Privatisation and Liberalisation of Network Utilities,"
Cambridge Working Papers in Economics
9620, Faculty of Economics, University of Cambridge.
- Newbery, David M., 1997. "Privatisation and liberalisation of network utilities," European Economic Review, Elsevier, vol. 41(3-5), pages 357-383, April.
- Elinder, Mikael & Jordahl, Henrik, 2013.
"Political preferences and public sector outsourcing,"
European Journal of Political Economy,
Elsevier, vol. 30(C), pages 43-57.
- Elinder, Mikael & Jordahl, Henrik, 2012. "Political Preferences and Public Sector Outsourcing," IZA Discussion Papers 6632, Institute for the Study of Labor (IZA).
- Elinder, Mikael & Jordahl, Henrik, 2011. "Political Preferences and Public Sector Outsourcing," Working Paper Series 877, Research Institute of Industrial Economics.
- Mark Armstrong & David E.M. Sappington, 2006.
"Regulation, Competition and Liberalization,"
Journal of Economic Literature,
American Economic Association, vol. 44(2), pages 325-366, June.
- William L. Megginson & Robert C. Nash & Jeffry M. Netter & Annette B. Poulsen, 2004. "The Choice of Private Versus Public Capital Markets: Evidence from Privatizations," Journal of Finance, American Finance Association, vol. 59(6), pages 2835-2870, December.
- 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.
- Nancy Brune & Geoffrey Garrett & Bruce Kogut, 2004. "The International Monetary Fund and the Global Spread of Privatization," IMF Staff Papers, Palgrave Macmillan, vol. 51(2), pages 1-1.
- Cerny, Philip G., 1995. "Globalization and the changing logic of collective action," International Organization, Cambridge University Press, vol. 49(04), pages 595-625, September.
- Estrin, Saul & Hanousek, Jan & Kocenda, Evzen & Svejnar, Jan, 2009.
"Effects of privatization and ownership in transition economies,"
Policy Research Working Paper Series
4811, The World Bank.
- Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
- Brian Burgoon & Panicos O. Demetriades & Geoffrey R.D. Underhill, 2011.
"Sources and Legitimacy of Financial Liberalization,"
Discussion Papers in Economics
11/45, Department of Economics, University of Leicester.
- Burgoon, Brian & Demetriades, Panicos & Underhill, Geoffrey R.D., 2012. "Sources and legitimacy of financial liberalization," European Journal of Political Economy, Elsevier, vol. 28(2), pages 147-161.
- Bortolotti, Bernardo & Fantini, Marcella & Siniscalco, Domenico, 2004. "Privatisation around the world: evidence from panel data," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 305-332, January.
- Shapiro, C. & Willing, D.R., 1990. "Economic Rationales For The Scope Of Privatization," Papers 41, Princeton, Woodrow Wilson School - Discussion Paper.
- Turnovec, Frantisek, 1999. "Privatization, ownership structure and transparency: how to measure the true involvement of the state," European Journal of Political Economy, Elsevier, vol. 15(4), pages 605-618, November.
- Bortolotti, Bernardo & Fantini, Marcella & Siniscalco, Domenico, 2001. "Privatisation: politics, institutions, and financial markets," Emerging Markets Review, Elsevier, vol. 2(2), pages 109-137, June.
- Davidson, Russell & MacKinnon, James G., 1993. "Estimation and Inference in Econometrics," OUP Catalogue, Oxford University Press, number 9780195060119.
- Boix, Carles, 1997. "Privatizing the Public Business Sector in the Eighties: Economic Performance, Partisan Responses and Divided Governments," British Journal of Political Science, Cambridge University Press, vol. 27(04), pages 473-496, October.
- Hendry, David F., 1995. "Dynamic Econometrics," OUP Catalogue, Oxford University Press, number 9780198283164.
- Tanzi, Vito & Schuknecht, Ludger, 1997. "Reforming government: An overview of recent experience," European Journal of Political Economy, Elsevier, vol. 13(3), pages 395-417, September.
- Bjorvatn, Kjetil & Soreide, Tina, 2005. "Corruption and privatization," European Journal of Political Economy, Elsevier, vol. 21(4), pages 903-914, December.
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, September.
- Sunita Kikeri, 2004. "An Assessment of Privatization," World Bank Research Observer, World Bank Group, vol. 19(1), pages 87-118.
- Perotti, Enrico C, 1995. "Credible Privatization," American Economic Review, American Economic Association, vol. 85(4), pages 847-859, September.
- Wolf, Christian, 2009. "Does ownership matter? The performance and efficiency of State Oil vs. Private Oil (1987-2006)," Energy Policy, Elsevier, vol. 37(7), pages 2642-2652, July.
- Eytan Sheshinski & Luis F. López-Calva, 2003. "Privatization and Its Benefits: Theory and Evidence," CESifo Economic Studies, CESifo, vol. 49(3), pages 429-459.
- Meseguer, Covadonga, 2006. "Learning and economic policy choices," European Journal of Political Economy, Elsevier, vol. 22(1), pages 156-178, March.
- Dinc, I. Serdar, 2005. "Politicians and banks: Political influences on government-owned banks in emerging markets," Journal of Financial Economics, Elsevier, vol. 77(2), pages 453-479, August.
When requesting a correction, please mention this item's handle: RePEc:eee:poleco:v:32:y:2013:i:c:p:95-112. 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: (Dana Niculescu)
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.