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Title:Are there nationalization-privatization cycles? A theoretical survey and first empirical evidence PDF Logo
Authors:Siegmund, Uwe
Issue Date:1996
Series/Report no.:Kiel Working Papers 757
Abstract:This paper deals with fluctuations over time in the extent of the state-owned firm sector— nationalization-privatization cycles (NPCs). Anecdotal observations of NPCs are supported threefold by systematic empirical evidence: first, for different regions and economic systems, second, for different time periods, and third, for different indicators. In explaining NPCs, the paper provides a history of research on the subject. At the end three hypotheses are distinguished: the ideological preference hypothesis, the political cycle hypothesis, and the efficiency hypothesis. The conclusion is that NPCs existed in the 20th century as a worldwide phenomenon and are worthy of being explained.
JEL:B25
H11
P51
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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