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The Determinants of Privatization in Latin America

Glen Biglaiser

Bowling Green State University

David S. Brown

University of Colorado, Boulder

Previous work on political institutions and economic reform provide a number of testable hypotheses that have yet to be fully examined in a multivariate framework. The strength of the presidency, divided government, political polarization, fragmented legislatures, ideology, and democracy itself have all been forwarded as possible constraints that influence the depth and speed of economic reform. Using time-series cross-sectional data, we provide a multivariate test of the impact these institutions have on privatization. Our findings suggest privatization is a unique process that should be analyzed separately from other economic reforms. More importantly, the results provide reasons to be optimistic: privatization can occur under a variety of different political institutions.

Political Research Quarterly, Vol. 56, No. 1, 77-89 (2003)
DOI: 10.1177/106591290305600108
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