Who Wants to Revise Privatization? The Complementarity of Market Skills and Institutions
Center for Economic and Financial Research (CEFIR); New Economic School (NES)
Oesterreichische National Bank
Columbia University - Department of Political Science; National Research University Higher School of Economics
Paris School of Economics; New Economic School
February 6, 2009
American Political Science Review, Forthcoming
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, P5Accepted Paper Series
Date posted: February 8, 2009 ; Last revised: February 29, 2012
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