Partisan Privatizations: Assessing the Ideological Bias

9 Pages Posted: 24 Dec 2011

See all articles by Filippo Belloc

Filippo Belloc

University of Siena - Department of Economics and Statistics

Antonio Nicita

University of Siena - Department of Economics

Date Written: March 1, 2011

Abstract

Previous empirical literature suggests that privatization choices are driven by ideology. However, available measures of this political bias are weakly-grounded as they neglect crucial factors affecting privatizations, such as the liberalization levels and the public finance structure. To fill this gap, we perform an econometric analysis explicitly considering such neglected factors. Our findings conclude that privatization choices in OECD network industries are determined by right-wing ideology.

Keywords: privatization, ideology, multivariate panel regression

JEL Classification: L51, P16, C23

Suggested Citation

Belloc, Filippo and Nicita, Antonio, Partisan Privatizations: Assessing the Ideological Bias (March 1, 2011). Applied Economics Letters, Vol. 19, No. 10, p. 959, 2012. Available at SSRN: https://ssrn.com/abstract=1976354

Filippo Belloc (Contact Author)

University of Siena - Department of Economics and Statistics ( email )

Piazza San Francesco 7
Siena, Siena 53100
Italy

Antonio Nicita

University of Siena - Department of Economics ( email )

Piazza S. Francesco, 7
Siena, I-53100
Italy

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