Partisan Privatizations: Assessing the Ideological Bias
9 Pages Posted: 24 Dec 2011
Date Written: March 1, 2011
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: Suggested Citation