Delayed privatization
Delayed privatization
复制标题
延迟私有化
DOI：
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发表时间：
2008
期刊：
影响因子：
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通讯作者：
P. Pinotti
中科院分区：
文献类型：
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作者：
Bernardo Bortolotti;P. Pinotti
本文研究了1977-2002年期间21个主要发达经济体私有化的时机。持续时间的分析表明，政治分裂在解释政府的决定，私有化中起着重要的作用：私有化被推迟更长的民主国家的特点是有更多的政党和比例选举规则下运行，如经济改革的消耗战模型预测。结果是强大的各种假设的基础统计模型和控制其他经济和政治因素。
This paper studies the timing of privatization in 21 major developed economies in the 1977–2002 period. Duration analysis shows that political fragmentation plays a significant role in explaining government’s decision to privatize: privatization is delayed longer in democracies characterized by a larger number of parties and operating under proportional electoral rules, as predicted by war of attrition models of economic reform. Results are robust to various assumptions on the underlying statistical model and to controlling for other economic and political factors.