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  1. Research & Education Resources
  2. 070 Working Papers = ワーキングペーパー
  3. Hi-Stat Discussion paper series

Limits to Policy Reversal: Privatization in India

http://hdl.handle.net/10086/13566
http://hdl.handle.net/10086/13566
9af87b1f-e20f-4c9f-9a77-fc5f328eab55
名前 / ファイル ライセンス アクション
D05-158.pdf D05-158.pdf (588203 bytes)
アイテムタイプ デフォルトアイテムタイプ(フル)その2(1)
公開日 2017-05-20
タイトル
タイトル Limits to Policy Reversal: Privatization in India
言語 en
作成者 Dastidar, Siddhartha G.

× Dastidar, Siddhartha G.

en Dastidar, Siddhartha G.
Columbia University

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Fisman, Raymond

× Fisman, Raymond

en Fisman, Raymond
Columbia University

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Khanna, Tarun

× Khanna, Tarun

en Khanna, Tarun
Harvard Business School

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寄与者
寄与者タイプ Editor
姓名 社会科学における統計分析拠点構築 = Research Unit for Statistical Analysis in Social Sciences
言語 en
アクセス権
アクセス権 open access
アクセス権URI http://purl.org/coar/access_right/c_abf2
内容記述
内容記述タイプ Other
内容記述 August 11, 2005
言語 en
内容記述
内容記述タイプ Abstract
内容記述 We examine the effect of regime change on privatization using the 2004 election surprise in India. In that election, the pro-reform BJP was un-expectedly defeated by a less reformist coalition. Government controlled companies that were being studied for complete privatization by the BJP dropped by 7.5 percent relative to private firms. By contrast, government controlled firms that were not being considered for privatization, or firms that had already been fully privatized firms, did not experience significant drop relative to private firms. Firms that the BJP had slated for definite future privatization experienced intermediate declines of approximately 3.5 percent. We interpret this as evidence consistent with investor belief of policy irreversibility in privatization, where reforms may reach a 'point of no return' beyond which future regimes have difficulty reversing those policies. Taking advantage of an 'intermediate' event where policies were expected to be more heavily influenced by the communist party, we still find evidence consistent with policy irreversibility.
出版者
出版者 Institute of Economic Research, Hitotsubashi University
日付
日付 2006-03
日付タイプ Issued
言語
言語 eng
資源タイプ
資源タイプ識別子 http://purl.org/coar/resource_type/c_18gh
資源タイプ technical report
出版タイプ
出版タイプ VoR
出版タイプResource http://purl.org/coar/version/c_970fb48d4fbd8a85
関連情報
関連タイプ isPartOf
関連名称 Hi-Stat Discussion paper series ; No. d05-158
関連情報
識別子タイプ URI
関連識別子 http://21coe.ier.hit-u.ac.jp/english/index.html
ページ数
ページ数 22
Sponsorship
値 21世紀COEプログラム = 21st-Century COE Program
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