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Who Wants to Revise Privatization? The Complementarity of Market Skills and InstitutionsIrina DenisovaCenter for Economic and Financial Research (CEFIR); New Economic School (NES) Markus EllerOesterreichische National Bank Timothy FryeColumbia University - Department of Political Science; National Research University Higher School of Economics Ekaterina ZhuravskayaParis School of Economics; New Economic School February 6, 2009 American Political Science Review, Forthcoming Abstract: Using survey data from 28 transition countries, we test for the complementarity and substitutability of market-relevant skills and institutions. We show that democracy and good governance complement market skills in transition economies. Under autocracy and weak governance institutions there is no significant difference in support for revising privatization between high and low-skilled respondents. As the level of democracy and the quality of governance increases, the difference in the level of support for revising privatization between the high and low skilled grows dramatically. This finding contributes to our understanding of microfoundations of the politics of economic reform.
Number of Pages in PDF File: 45 Keywords: Privatization revision, complementarity, markey skills, institutions, public support for market JEL Classification: P2, P5 Accepted Paper SeriesDate posted: February 8, 2009 ; Last revised: February 29, 2012Suggested CitationContact Information
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