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https://hdl.handle.net/2142/85528
Description
Title
Essays in Political Economy and Public Policy
Author(s)
Toossi Ardakani, Ali
Issue Date
2002
Doctoral Committee Chair(s)
Conley, John P.
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Commerce-Business
Language
eng
Abstract
The third essay surveys the two prominent, theories that purport to explain the extent of public ownership. It then develops a model that puts these two theories into a common framework. The model is tested with a cross-country panel dataset. The results show that deficiencies in commitment and greater political pressure for control of employment are associated with larger public enterprise sectors. I also find that a higher opportunity cost of public funds tends to reduce the extent of state ownership except when commitment capability and pressure for employment control are low.
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