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Politics and Privatization: Exogenous pressures, domestic incentives and state divestiture in Latin America

机译:政治与私有化:拉丁美洲的外部压力,国内激励措施和国家资产剥离

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Despite a pervasive trend towards state retrenchment in Latin America since the 1980s, there remains significant variation in the levels of privatization across the region. However, very few cross-national studies of the determinants of privatization have been conducted and we still do not truly know why states privatize. This paper examines the determinants of privatization for 14 Latin American states over the period 1975 to 2003. I contend that privatization is best conceptualized as a two-stage process involving an initial decision to privatize, followed by a subsequent decision concerning the extent and intensity of privatization. In addition, privatization cannot be simply explained by either international or domestic level-variables. Rather, endogenous and exogenous variables will have different impacts at different stages of this process. The results of the statistical tests yield two important insights. Firstly, the initial decision to privatize is primarily shaped by international factors, in particular, international diffusion, while variation in the level of state divestiture across the region can primarily be explained by domestic economic and political conditions.
机译:尽管自1980年代以来拉丁美洲普遍实行国家紧缩政策,但整个地区的私有化水平仍然存在很大差异。但是,很少有关于私有化决定因素的跨国研究,而且我们仍然不真正知道为什么国家私有化。本文研究了1975年至2003年期间拉丁美洲14个州的私有化决定因素。我认为,私有化最好被概念化为一个分为两个阶段的过程,其中包括对私有化的初步决定,然后是关于私有化程度和强度的后续决定。私有化。此外,私有化不能简单地用国际或国内水平变量来解释。相反,内生和外生变量将在此过程的不同阶段产生不同的影响。统计测试的结果得出两个重要的见解。首先,私有化的最初决定主要是由国际因素,特别是国际扩散所决定,而整个地区国家资产剥离水平的变化主要可以由国内经济和政治条件来解释。

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