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Record W2609680884 · doi:10.1093/cpe/bzx003

The Political Economy of Privatization in Rich Democracies

2017· article· en· W2609680884 on OpenAlexaboutno aff
Joel Michaels

Bibliographic record

VenueContributions to Political Economy · 2017
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicState Capitalism and Financial Governance
Canadian institutionsnot available
Fundersnot available
KeywordsModernization theoryRevenuePaceGermanIdeologyPoliticsCommunismState (computer science)EconomicsNothingGovernment (linguistics)Market economyPolitical economyEconomyPolitical scienceFinanceEconomic growthLaw

Abstract

fetched live from OpenAlex

In November 2016, the Canadian Minister of Finance requested an analysis from Credit Suisse on the potential impacts of privatizing the nation's airports. That same month, his German counterpart Wolfgang Schäuble proposed raising government revenues by selling a minority stake in the Autobahn network. Such proposals are striking in their own right, but even more so as indicators of the extent that privatization has taken hold in the developed world. Is there really nothing left to sell but the farm—and, more importantly, how did we get to this place? Though relatively slim, this new text by Herbert Obinger, Carina Schmitt, and Stefan Traub (henceforth ‘OST’) gives important insights into these questions. The central aim of the book is to uncover the determinants of privatization and the pace at which it occurs. Towards this end, the authors provide a comparative, empirical study of privatizations in 20 OECD countries between 1980 and 2007. Post-Communist countries are excluded, as well as states that cannot be considered high-income democracies, such as Mexico and South Korea. Following a brief summary and outline of the text in Chapter 1, OST discuss the historical reasons for the initial development of state-owned enterprises, from economic modernization to left-wing ideology. They place particular emphasis on the role of the military in building ‘strategically important industries in manufacturing…mining…and energy’ (p. 11). Conversely, in Chapter 3, the authors review the existing literature documenting the dissolution of state-owned enterprises. Examining a wide array of explanatory variables, OST conclude that low long-term GDP growth most strongly correlates with increased privatization. While the ideology of the party in power influenced the extent of privatization in the 1980s, there is limited evidence for its importance since. Additionally, the authors suggest that public deficits do not have a strong correlative effect on privatization except in European countries subject to the 1992 Maastricht Treaty, which may have forced them ‘to accelerate divestiture in order to meet the convergence criteria’ (p. 34).

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.002
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.924
Threshold uncertainty score0.451

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0010.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.012
GPT teacher head0.259
Teacher spread0.247 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations5
Published2017
Admission routes1
Has abstractyes

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