Who Wants to Revise Privatization? The Complementarity of Market Skills and Institutions
American Political Science Review, Forthcoming
45 Pages Posted: 8 Feb 2009 Last revised: 29 Feb 2012
Date Written: February 6, 2009
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.
Keywords: Privatization revision, complementarity, markey skills, institutions, public support for market
JEL Classification: P2, P5
Suggested Citation: Suggested Citation