Comment on “Identifying the Interdependence between US“识别我们之间的相互依存关系”.ppt

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Comment on “Identifying the Interdependence between US“识别我们之间的相互依存关系”.ppt

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KS Public Choice11. The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach by Friedrich Schneider (University of Linz)1) The Different Extent of Privatisation Proceeds in EU Countries: A Preliminary Explanation Using a Public Choice Approach 1: Introduction and Motivation 2: Previous Research and Some Empirical Facts of Privatization 3: Some Theoretical Considerations to Explain the Pattern of Privatisation from a Political-Economic Perspective. 4: Explanation of Econometric Estimation Procedure and Presentation of Results 5: Summary and Conclusion 1. Introduction and Motivation Strong increase in privatisation proceeds in EU countries during the 1990s (compare Figures 2.1 and 2.2). However: Large discrepancies of privatisation proceeds between countries have been observed. Idea: Political and institutional constraints should have a major influence on the degree of privatisation proceeds. Each type of government weights the costs and benefits of privatisation differently. ? Aim of this study: apply public choice approach to explain different patterns in privation proceeds among EU countries for time period 1990-2000 with the help of a panel analysis. 2. Previous Research and Some Empirical Facts on Privatisation (A) Many case-study approaches emphasizing the peculiarities of single countries. (B) Some research on the way of privatisation, utilisation of privatisation proceeds and impact of privatisation on economic performance (OECD 2003a, Clifton et al. 2003, Belke/Schneider 2005). (C) Few empirical multi-country studies: (1) Boix (1997): differences in privatisation efforts in OECD countries from 1979 to 1992 due to political determinants. According to the results of this study, (i) there is a significant positive impact on privatisation proceeds under right-wing parties, whereas significantly lower efforts to privatise are observed under left-wing regimes. (ii) Moreover, the intern