Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46855
Authors: 
Siegmund, Uwe
Year of Publication: 
1996
Series/Report no.: 
Kiel Working Paper 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

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