The Political Economy of Privatization ∗

  title={The Political Economy of Privatization ∗},
  author={Bernardo Bortolotti and Paolo Pinotti},
  • Bernardo Bortolotti, Paolo Pinotti
  • Published 2003
This paper provides an empirical analysis of the role of political institutions in privatization. The empirical testing relies on a new political database with continuous and time varying measures of the political-institutional setting, and of the partisan orientation of the executive. Using panel data for 21 advanced economies in the 19771999 period, first we show the likelihood and the extent of privatization to be strongly and positively associated with majoritarian political systems. On the… CONTINUE READING


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