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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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Mapping the Entrepreneurial State

Mapping the Entrepreneurial State

Data and National Trajectories of Privatization

(p.57) 4 Mapping the Entrepreneurial State
The Political Economy of Privatization in Rich Democracies

Herbert Obinger

Carina Schmitt

Stefan Traub

Oxford University Press

Chapter 4 is concerned with two issues. First, it introduces the conceptualization of privatization and presents a new data set. Next, the chapter takes stock of the extent of public entrepreneurship at the beginning of the period under discussion and trace country- and sector-specific privatization and nationalization pathways between 1980 and 2007. A final section summarizes the chapters main descriptive findings. Because formal privatization is of particular relevance for the public utilities sector, it introduces a two-dimensional conceptualization of privatization. Formal and substantial privatization steps are aggregated into a stock index of public entrepreneurship. Using data drawn from the REST database, the chapter shows that starting values in 1980 as well as privatization pathways exhibit a considerable cross-country variation.

Keywords:   formal privatization, substantial privatization, Index of Public Entrepreneurship, REST database, OECD, privatization pathways, public utilities sector, industrial sector

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