The different extent of privatisation proceeds in EU countries: A preliminary explanation using a public choice approach

Ansgar Belke (), Frank Baumgärtner (), Friedrich Georg Schneider () and Ralph Setzer ()
Additional contact information
Frank Baumgärtner: University of Hohenheim, Department of Economics, Stuttgart, Germany, http://www.auwi.uni-hohenheim.de/
Ralph Setzer: Deutsche Bundesbank, Department of Economics, Frankfurt, Germany

No 2006-06, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria

Abstract: This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation in formerly overregulated economies, (b) as a reaction to an increasing macroeconomic problem pressure and (c) as a means to foster growth and increase tax income and relax the fiscal stance with an eye on the demands by integration of economic and financial markets. Whereas we are able to corroborate claim (a) only partly, we gain consistent evidence in favour of claims (b) and (c).

Keywords: European Union; panel analysis; partisan theory; privatisation proceeds; state-owned enterprises (search for similar items in EconPapers)
JEL-codes: H42 E62 L33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-mac and nep-pbe
Date: 2006-07
View list of references

Downloads: (external link)
http://www.econ.jku.at/papers/2006/wp0606.pdf (application/pdf)

Related works:
Working Paper: The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach (2006)
Working Paper: The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach (2005)
Working Paper: The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach (2005)
Working Paper: The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jku:econwp:2006_06

Access Statistics for this paper

More papers in Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria
Contact information at EDIRC.
Series data maintained by René Böheim ().