Partisan Liberalizations. A New Puzzle from OECD Network Industries?

Filippo Belloc () and Antonio Nicita ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: We investigate the political determinants of liberalization in OECD network industries, performing a panel estimation over thirty years, through the largest and most updated sample available. Contrary to traditional ideological cleavages, we find that right-wing governments liberalize less than left-wing ones. This result is confirmed when controlling for the existing regulatory conditions that executives find when elected. Furthermore, governments’ heterogeneity, proportional electoral rules, and European Union membership all show positive and statistically significant effects on liberalization. Our findings suggest that, despite the conventional wisdom, the political-economic rationale behind liberalization paths in network industries is far from being assessed

Keywords: Liberalization; –; Network; Industries; –; Government; heterogeneity; and; Partisanship; –; Electoral; systems; -; Panel; data (search for similar items in EconPapers)
JEL-codes: C23 D72 L50 P16 (search for similar items in EconPapers)
Date: 2010-03
New Economics Papers: this item is included in nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Partisan Liberalizations. A New Puzzle from OECD Network Industries? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:588

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