Testing Limits to Policy Reversal: Evidence from Indian Privatizations
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We examine the effect of regime change on privatization using the 2004 election surprise in India. The pro-reform BJP was unexpectedly defeated by a less reformist coalition. Stock prices of government-controlled companies that had been slated for definite privatization by the BJP dropped by 3.5
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美国国家经济研究局创建时间:
2007-09-01



