This paper aims to empirically investigate the impact of a vast array of public policies on wireline broadband penetration through a novel and unique dataset covering 30 OECD countries, over the period 1995–2010. Estimation results show that, while both supply- and demand-side policies have a...

We empirically investigate the impact of a vast array of public policies on wireline broadband penetration through a novel and unique dataset covering 30 OECD countries, over 1995-2010. We find that while both supply and demand-side policies have a positive effect on broadband penetration, their...

We investigate institutional and policy drivers of telecommunications deregulation in Europe. In particular, we focus on those determinants which received so-far a comparatively little attention: policy speed and timing, path-dependency, institutional complementarity. We find that: first,...

Previous empirical literature suggests that privatization choices are driven by ideology. However, available measures of this political bias are weakly grounded as they neglect crucial factors affecting privatizations, such as the liberalization levels and the public finance structure. To fill...

In many contexts, warning systems of law enforcement are used to let uninformed individuals learn what is illegal, while sanctions are applied only after a number of repeated violations. Surprisingly no em- pirical evidence is available so far, over the learning impact of warnings. This paper is...

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate...

We investigate the political determinants of liberalization in OECD network industries, performing a panel estimation over thirty years, through the largest and most updated sample available. Contrary to traditional ideological cleavages, we find that right-wing governments liberalize less than...

Proponents of minority shareholder protection state that national legal institutions protecting small investors boost stock markets and, in turn, long-term countries’ performance. In this paper, we empirically challenge this argument. We perform three-stage least-square estimation on a sample...