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Selling off the “Family Silver”: The Politics of Privatization in the OECD 1990-2000. CES Working Paper, no. 121, 2005

Obinger, Herbert, and Zohlnhofer, Reimut. (2005) Selling off the “Family Silver”: The Politics of Privatization in the OECD 1990-2000. CES Working Paper, no. 121, 2005. [Working Paper]

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    Abstract

    The 1990s have witnessed unprecedented attempts at privatizing state owned enterprises in virtually all OECD democracies. This contribution analyzes the differences in the privatization proceeds raised by EU and OECD countries between 1990 and 2000. It turns out that privatizations are part of a process of economic liberalization in previously highly regulated economies, as well as a reaction to the fiscal policy challenges imposed by European integration and the globalization of financial markets. In addition, institutional pluralism and union militancy yield significant and negative effects on privatization proceeds. Partisan differences only emerge if economic problems are moderate, while intense economic, particularly fiscal, problems foreclose differing partisan strategies.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > competition policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Harvard University, Center for European Studies > CES Working Papers Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 18 Aug 2009
    Page Range: p. 20
    Last Modified: 15 Feb 2011 17:58
    URI: http://aei.pitt.edu/id/eprint/9036

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