The political economy of telecoms and electricity internationalization in the single market

Clifton, Judith; Díaz‐Fuentes, Daniel; Revuelta, Julio

doi:10.1080/13501763.2010.499229

Cited by 51 publications

(47 citation statements)

References 27 publications

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“…Our selection of control variables that potentially explain IFDI stock is based on the traditional empirical FDI literature. As mentioned earlier, Javalgi et al (2003) and Clifton, Díaz-Fuentes and Revuelta (2010) have shown that regulation may help determine FDI. According to Li and Guisinger (1992), Kolstad and Villanger (2008), and Ramasamy and Yeung (2010), economic conditions of the host country are important determinants of FDI.…”

Section: Methodology and Datamentioning

confidence: 91%

“…Additionally, FDI policy liberalization is not a 'one-way street': governments can, and do, reverse liberalization by introducing new forms of restrictions, for a variety of reasons. Studies including Javalgi, Griffith, and White (2003) and Clifton, Díaz-Fuentes and Revuelta (2010) have found that regulation, among other factors, may act as a significant factor in determining patterns of international investment.…”

Section: Introductionmentioning

confidence: 99%

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Multinational Corporations from Emerging Markets

Nölke¹

2014

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Section: Methodology and Datamentioning

confidence: 91%

Section: Introductionmentioning

confidence: 99%

Multinational Corporations from Emerging Markets

Nölke¹

2014

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“…Some have taken advantage of market integration by expanding abroad to become global leaders in their sector; others have either been confined to a marginal role in the EU market or taken over by foreign competitors (Clifton et al, 2010;Clifton, Comin, & Diaz-Fuentes, 2011). Some have taken advantage of market integration by expanding abroad to become global leaders in their sector; others have either been confined to a marginal role in the EU market or taken over by foreign competitors (Clifton et al, 2010;Clifton, Comin, & Diaz-Fuentes, 2011).…”

Section: Introductionmentioning

confidence: 99%

New forms of industrial policy in the age of regulation: A comparison of electricity and telecommunications in Italy and Spain

Bulfone

2019

Governance

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Relying on insights from the comparative capitalism debate, this article compares the industrial policy strategies implemented by the Italian and Spanish governments to favor the internationalization of domestic electricity and telecommunications incumbents. It is shown how the cross‐sectoral and cross‐country variation in the outcome of their industrial policy efforts—that is, successful or unsuccessful internationalization—is explained by the reciprocal power relationship between governments and domestic large shareholders (“blockholders”). Successful internationalization is conditional on the availability of two power resources the government can use to influence blockholders' behavior: ownership power and regulatory power. When these resources were available, governments were able to impose a stable ownership structure on national champions, leading to successful internationalization. When they were not available, ownership instability led to failure. The findings presented here contribute to the debate on new forms of state involvement in the economy in the neoliberal era.

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“…Privatization, liberalization, deregulation and internationalization of enterprises that were previously national monopolies for several decades raise complex questions about regulation for users (Clifton, Díaz-Fuentes and Revuelta 2010). From a political economy perspective, regulatory reform shifts the old balance between winners and losers.…”

Section: From State To Market: Establishing Citizen Rights To Public mentioning

confidence: 99%