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El entorno político y los precios de las privatizaciones

Author

Listed:
  • Alberto Chong

  • Alejandro Riaño

Abstract

(Disponible enidioma Inglés) En este trabajo se analiza la conexión entre el contexto político e institucional y los precios de venta de las privatizaciones. Éstos se pueden considerar una medida para evaluar el desempeño relativo de las metas de las privatizaciones. Aunque dicha conexión se ha estudiado teóricamente, hay muy pocos trabajos empíricos sobre esa relación, si acaso. Se descubre, empleando datos de 308 procesos de privatización en todo el mundo y aplicando un enfoque de varios países (incluidas las variables instrumentales), que aunque el régimen político general no reviste una importancia especial para los precios, los procesos políticos más allá del régimen de base sí importan. El contexto institucional también tiene un efecto considerable en los precios. Ambos resultados son valederos ante cambios de especificaciones.

Suggested Citation

  • Alberto Chong & Alejandro Riaño, 2006. "El entorno político y los precios de las privatizaciones," Research Department Publications 4440, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4440
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    References listed on IDEAS

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