Everyone Hates Privatization, but Why? Survey Evidence from 28 Post-Communist Countries
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
May 10, 2010
Studies of mass support for economic reform reveal a simple conclusion: Everyone hates privatization. Yet whether respondents hold this due to material self-interest or concerns about the legitimancy or outcomes of privatization view is unclear. We test these arguments using a 2006 survey of 28,000 individuals in 28 post-communist countries and find that a lack of human capital affects support for revising privatization primarily via a preference for state property over private property; whereas transition-related hardships influence support for revising privatization due to both a preference for state property and concerns about the legitimacy of privatization. These results suggest the value of analyses that not only link respondent traits with support for policy, but that also probe the motivations that underpin this support. They also indicate that opposition to privatization should not be equated with support for renationalization.
Number of Pages in PDF File: 31
Keywords: privatization, revision, nationalization, property rights, demand for property rights, legitimacy of property rights, transition
JEL Classification: P26working papers series
Date posted: May 12, 2010 ; Last revised: February 29, 2012
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