The relationship between public debt and privatisation: the moderating roles of political ideology and electoral cycles
Using a sample of 25 European countries between 1995 and 2013, this study shows a bidirectional relationship 3282779348850 between privatisations and public debt.Firstly, our findings suggest that governments with higher levels of debt tend to privatise state-owned enterprises (SOEs) to a greater extent than less-indebted governments.Subsequently,