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Partisan Privatizations: Assessing the Ideological Bias

9 Pages Posted: 24 Dec 2011  

Filippo Belloc

University of Chieti-Pescara - Department of Economic Studies

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 Chieti-Pescara - Department of Economic Studies ( email )

Viale Pindaro 42
Pescara, Pescara 65127 - I
Italy

Antonio Nicita

University of Siena - Department of Economics ( email )

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

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