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Testing Limits to Policy Reversal: Evidence from Indian Privatizations

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NBER2007-09-01 更新2025-01-04 收录
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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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2007-09-01
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