Reimut Zohlnhöfer / Herbert Obinger, Selling off the “Family Silver”: The Politics of Privatization Proceeds in the EU and the OECD 1990–2000, PVS 4/Dezember 2005, pp. 602–628.
Summary:
The 1990s have witnessed unprecedented attempts at privatising state-owned enterprises in virtually all OECD democracies. This contribution analyzes the differences in the privatisation proceeds raised by EU and OECD countries between 1990 and 2000. It turns out that privatisations are part of a policy of economic liberalisation in previously highly regulated economies as well as a reaction to the fiscal policy challenges imposed by European integration and the globalisation of financial markets. In addition, institutional pluralism exerts significant and negative effects on privatisation proceeds. Partisan differences only emerge if economic problems are moderate, while intense economic, particularly fiscal problems foreclose differing partisan strategies.
Der Aufsatz erscheint in der PVS in deutscher Sprache.