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The Political Economy of Privatization in Rich Democracies 1st Edition by Herbert Obinger, Carina Schmitt, Stefan Traub ISBN 0199669686 9780199669684

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The Political Economy of Privatization in Rich Democracies 1st Edition Herbert Obinger Digital Instant Download

Author(s): Herbert Obinger, Carina Schmitt, Stefan Traub
ISBN(s): 9780199669684, 0199669686
Edition: 1
File Details: PDF, 1.30 MB
Year: 2016
Language: english
SKU: EB-5848634 Categories: , Tags: , ,

The Political Economy of Privatization in Rich Democracies 1stEdition by Herbert Obinger, Carina Schmitt, Stefan Traub – Ebook PDF Instant Download/Delivery: 0199669686, 9780199669684
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ISBN 10: 0199669686 
ISBN 13: 9780199669684
Author: Herbert Obinger, Carina Schmitt, Stefan Traub

Almost all advanced democracies have launched significant privatization programs over the last three decades. However, while there was a global run into privatization, substantial cross-national differences in the divesture of state-owned enterprises can be observed. This book focuses on the political economy of privatization, and addresses the questions ‘What are the driving forces behind this development and how can the variation be explained?’ which are of both theoretical and empirical interest. While the topic itself is not new, the existing comparative literature on the political economy of privatization suffers from at least two major shortcomings: First, recent macro-quantitative analysis in political science and economics has only focused on material privatization; formal privatization has hitherto been neglected due to an absence of data, even though this type of privatization is of eminent relevance in the public utility sectors. Second, most of the empirical studies in this area treat countries as independent units. In reality, however, policy decisions are likely to be interdependent. Policy decisions taken in one country influence the decision-making process in others. Given these shortcomings in the existing literature, the idea of this volume is to supply a fresh and comprehensive overview of the political economy of privatization using a new data set, the REST database. The empirical analysis covers 20 OECD countries in the period between 1980 and the advent of the global economic crisis in 2008. The recent economic crisis provides a good opportunity to take stock of the changing role of government in economic over the last three decades.

The Political Economy of Privatization in Rich Democracies 1st Table of contents:

1: Introduction
The Structure of the Book
2: The Emergence of Public Enterprises in Historical Perspective
Money for Monarchs and the Public Purse
The Great Transformation
Unification and Consolidation of Nation-States and Empires
National Defence and War
Economic Considerations
Party Politics and Ideology
The Five Ms
The Golden Age and Its Demise
3: Determinants of Privatization and State of the Art
Economic Performance
GDP Growth Rates
Fiscal Problems: Budget Deficits and Public Debt
Unemployment
Inflation
The Stage of Economic Development
Actor Preferences
Political Partisanship
Interest Groups
Institutions
Consensus vs. Majoritarian Democracy
Veto Players
Legal Origin
Capital Market Development
Constitutional Provisions
The Initial Size of the SOE Sector
International Influences
Economic Integration
Europeanization
Spatial Diffusion
Upshot
4: Mapping the Entrepreneurial State: Data and National Trajectories of Privatization
Privatization: Conceptualization and Data
Mapping the Size and Change of the Entrepreneurial State
Summary
5: The Determinants of Privatization: Empirical Findings
Convergence Analysis
Sigma Convergence
Beta Convergence
Constitutional Framework and Privatization of Public Utilities
Partisan Politics and Privatization Policies
The Diffusion of Privatization Policies
Summary
6: Conclusion and Outlook
Public Entrepreneurship in the Long Run
The Impact of the Financial Crisis

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Herbert Obinger,Carina Schmitt,Stefan Traub,Political Economy,Privatization,Rich Democracies