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Partisan privatizations: assessing the ideological bias

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  • Filippo Belloc
  • Antonio Nicita

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.

Suggested Citation

  • Filippo Belloc & Antonio Nicita, 2012. "Partisan privatizations: assessing the ideological bias," Applied Economics Letters, Taylor & Francis Journals, vol. 19(10), pages 959-963, July.
    • Handle: RePEc:taf:apeclt:v:19:y:2012:i:10:p:959-963
    DOI: 10.1080/13504851.2011.608638
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    References listed on IDEAS

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    1. De Fraja, Giovanni, 1991. "Efficiency and Privatisation in Imperfectly Competitive Industries," Journal of Industrial Economics, Wiley Blackwell, vol. 39(3), pages 311-321, March.
    2. Giovanni De Fraja, 1994. "Chicken or Egg. Which Should Come First, Privatisation or Liberalisation?," Annals of Economics and Statistics, GENES, issue 33, pages 133-156.
    3. Bernardo Bortolotti & Paolo Pinotti, 2008. "Delayed privatization," Public Choice, Springer, vol. 136(3), pages 331-351, September.
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    5. Oliver Hart & Andrei Shleifer & Robert W. Vishny, 1997. "The Proper Scope of Government: Theory and an Application to Prisons," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1127-1161.
    6. Niklas Potrafke, 2011. "Does government ideology influence budget composition? Empirical evidence from OECD countries," Economics of Governance, Springer, vol. 12(2), pages 101-134, June.
    7. Niklas Potrafke, 2010. "Does government ideology influence deregulation of product markets? Empirical evidence from OECD countries," Public Choice, Springer, vol. 143(1), pages 135-155, April.
    8. repec:adr:anecst:y:1994:i:33:p:09 is not listed on IDEAS
    9. Filippo Belloc & Antonio Nicita, 2011. "The political determinants of liberalization: do ideological cleavages still matter?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 58(2), pages 121-145, June.
    10. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
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    Cited by:

    1. Joscha Beckmann & Rainer Schweickert & Markus Ahlborn & Inna Melnykovska, 2020. "Drivers of Government Activity in European Countries: Do Partisan Politics Still Divide East and West?," Journal of Common Market Studies, Wiley Blackwell, vol. 58(5), pages 1235-1251, September.
    2. Belloc, Filippo & Nicita, Antonio & Sepe, Simone M., 2014. "Disentangling liberalization and privatization policies: Is there a political trade-off?," Journal of Comparative Economics, Elsevier, vol. 42(4), pages 1033-1051.

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