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The Political Economy of Privatization and Competition : Cross-Country Evidence from the Telecommunications Sector
| Content Provider | Semantic Scholar |
|---|---|
| Author | Li, Wei Xu, Lixin Colin |
| Copyright Year | 2001 |
| Abstract | Using a new data set of the telecommunications sector on privatization (1980-98 for 167 countries) and competition policies (1990-98 for 50 countries), this paper investigates the political economy determinants of privatization and liberalization in the telecommunications sector. Building on the framework of a generalized private interest theory, we derive hypotheses on how the characteristics of private interest groups and political structure affect policy changes in the telecommunications sector. We pay particular attention to how the effects of interest groups on policies vary from more democratic to less democratic countries. We find evidence in favor of the generalized interest group theory. Countries with stronger pro-reforms interest groups (the financial services and the urban consumers) are more likely to reform in more democratic countries. But countries are more likely to maintain the public sector monopoly in the sector when such a governance mode yields a higher payoff for the governments—when the sector has higher profitability and when the fiscal deficit is higher and cannot be more easily financed. Democracy appears to affect the pace of reforms by magnifying the voices of interest groups and by moderating politicians’ discretion. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://siteresources.worldbank.org/DEC/Resources/The_Political_Economy_of_Privatization_and_Competition.pdf |
| Alternate Webpage(s) | http://econ.worldbank.org/files/26166_jce-li-xu-2002.pdf |
| Alternate Webpage(s) | https://faculty.darden.virginia.edu/liw/papers/jce-publish1.pdf |
| Alternate Webpage(s) | http://faculty.darden.virginia.edu/liw/papers/jce-publish1.pdf |
| Alternate Webpage(s) | http://www.faculty.virginia.edu/wei_li/papers/privatization_14.pdf |
| Alternate Webpage(s) | http://faculty.virginia.edu/wei_li/papers/privatization_14.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Government Monopoly Privatization Voice |
| Content Type | Text |
| Resource Type | Article |
