Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/214348
Authors: 
Belke, Ansgar
Baumgartner, Frank
Schneider, Friedrich
Setzer, Ralph
Year of Publication: 
2006
Series/Report no.: 
CREMA Working Paper 2006-02
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).
Subjects: 
European Union
panel analysis
partisan theory
privatisation proceeds
state-owned enterprises
JEL: 
H42
E62
L33
Document Type: 
Working Paper

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