The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime
We show that the sale of state-owned firms in dictatorships can help political corporations to emerge and persist over time. Using new data, we characterize Pinochet's privatizations in Chile and find that some firms were sold underpriced to politically connected buyers. These newly private fir...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2020
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- eng
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/22334
- Acceso en línea:
- https://doi.org/10.1017/S0022050719000780
https://repository.urosario.edu.co/handle/10336/22334
- Palabra clave:
- Privatization
Origins
Political
Corporations
Evidence
from
Pinochet
Regime
- Rights
- License
- Abierto (Texto Completo)
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a3aafbb8-0bd1-4c23-bd4b-a3fe5c65c38a-1b32a7602-9ee6-4f15-a730-3ab644b4775f-1f52a584f-8cab-4cdc-8f3e-32a656c0a8ec-12020-05-25T23:56:08Z2020-05-25T23:56:08Z2020We show that the sale of state-owned firms in dictatorships can help political corporations to emerge and persist over time. Using new data, we characterize Pinochet's privatizations in Chile and find that some firms were sold underpriced to politically connected buyers. These newly private firms benefited financially from the Pinochet regime. Once democracy arrived, they formed connections with the new government, financed political campaigns, and were more likely to appear in the Panama Papers. These findings reveal how dictatorships can influence young democracies using privatization reforms. © The Economic History Association 2020.application/pdfhttps://doi.org/10.1017/S00220507190007801471637200220507https://repository.urosario.edu.co/handle/10336/22334engCambridge University PressJournal of Economic HistoryJournal of Economic History, ISSN:14716372, 00220507,(2020)https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079215310&doi=10.1017%2fS0022050719000780&partnerID=40&md5=084bff3084e1cb7307bea76a6cb53312Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURPrivatizationOriginsPoliticalCorporationsEvidencefromPinochetRegimeThe Privatization Origins of Political Corporations: Evidence from the Pinochet RegimearticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501González F.Prem M.Urzúa I F.10336/22334oai:repository.urosario.edu.co:10336/223342022-05-02 07:37:20.349316https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co |
dc.title.spa.fl_str_mv |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
title |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
spellingShingle |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime Privatization Origins Political Corporations Evidence from Pinochet Regime |
title_short |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
title_full |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
title_fullStr |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
title_full_unstemmed |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
title_sort |
The Privatization Origins of Political Corporations: Evidence from the Pinochet Regime |
dc.subject.keyword.spa.fl_str_mv |
Privatization Origins Political Corporations Evidence from Pinochet Regime |
topic |
Privatization Origins Political Corporations Evidence from Pinochet Regime |
description |
We show that the sale of state-owned firms in dictatorships can help political corporations to emerge and persist over time. Using new data, we characterize Pinochet's privatizations in Chile and find that some firms were sold underpriced to politically connected buyers. These newly private firms benefited financially from the Pinochet regime. Once democracy arrived, they formed connections with the new government, financed political campaigns, and were more likely to appear in the Panama Papers. These findings reveal how dictatorships can influence young democracies using privatization reforms. © The Economic History Association 2020. |
publishDate |
2020 |
dc.date.accessioned.none.fl_str_mv |
2020-05-25T23:56:08Z |
dc.date.available.none.fl_str_mv |
2020-05-25T23:56:08Z |
dc.date.created.spa.fl_str_mv |
2020 |
dc.type.eng.fl_str_mv |
article |
dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_6501 |
dc.type.spa.spa.fl_str_mv |
Artículo |
dc.identifier.doi.none.fl_str_mv |
https://doi.org/10.1017/S0022050719000780 |
dc.identifier.issn.none.fl_str_mv |
14716372 00220507 |
dc.identifier.uri.none.fl_str_mv |
https://repository.urosario.edu.co/handle/10336/22334 |
url |
https://doi.org/10.1017/S0022050719000780 https://repository.urosario.edu.co/handle/10336/22334 |
identifier_str_mv |
14716372 00220507 |
dc.language.iso.spa.fl_str_mv |
eng |
language |
eng |
dc.relation.citationTitle.none.fl_str_mv |
Journal of Economic History |
dc.relation.ispartof.spa.fl_str_mv |
Journal of Economic History, ISSN:14716372, 00220507,(2020) |
dc.relation.uri.spa.fl_str_mv |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85079215310&doi=10.1017%2fS0022050719000780&partnerID=40&md5=084bff3084e1cb7307bea76a6cb53312 |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
dc.rights.acceso.spa.fl_str_mv |
Abierto (Texto Completo) |
rights_invalid_str_mv |
Abierto (Texto Completo) http://purl.org/coar/access_right/c_abf2 |
dc.format.mimetype.none.fl_str_mv |
application/pdf |
dc.publisher.spa.fl_str_mv |
Cambridge University Press |
institution |
Universidad del Rosario |
dc.source.instname.spa.fl_str_mv |
instname:Universidad del Rosario |
dc.source.reponame.spa.fl_str_mv |
reponame:Repositorio Institucional EdocUR |
repository.name.fl_str_mv |
Repositorio institucional EdocUR |
repository.mail.fl_str_mv |
edocur@urosario.edu.co |
_version_ |
1818107047786315776 |