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The Political Economy of Privatization in Rich Democracies$
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Herbert Obinger, Carina Schmitt, and Stefan Traub

Print publication date: 2016

Print ISBN-13: 9780199669684

Published to Oxford Scholarship Online: March 2016

DOI: 10.1093/acprof:oso/9780199669684.001.0001

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Determinants of Privatization and State of the Art

Determinants of Privatization and State of the Art

Chapter:
(p.26) 3 Determinants of Privatization and State of the Art
Source:
The Political Economy of Privatization in Rich Democracies
Author(s):

Herbert Obinger

Carina Schmitt

Stefan Traub

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199669684.003.0003

This chapter turns to the factors shaping privatization. It focuses on the determinants of different national privatization pathways in terms of timing and depth of privatization. By timing we mean the sequence of events, beginning with the first major privatization deal, whereas depth refers to the extent of privatization as measured by changes in the public involvement in state-owned enterprises. From a theoretical perspective, four approaches may explain the timing and depth of privatization. The key variables emphasized by these theoretical strands are economic performance, actor preferences, institutions, and international influences including policy diffusion. Each section of this chapter briefly introduces the main theoretical arguments followed by a survey of the related empirical literature.

Keywords:   determinants of privatization, economic performance, actor preferences, institutions, international influences, OECD

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