Explaining Telecoms and Electricity Internationalization in the European Union: A Political Economy Perspective

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dc.contributor.authorCLIFTON, Judith
dc.contributor.authorDIAZ-FUENTES, Daniel
dc.contributor.authorREVUELTA LOPEZ, Julio
dc.date.accessioned2009-11-18T11:07:23Z
dc.date.available2009-11-18T11:07:23Z
dc.date.issued2009
dc.description.abstractOne consequence of the liberalization of certain services in the European Union was that a number of formerly inward-looking incumbents in telecommunications and electricity rapidly transformed themselves into some of the world’s leading Multinationals. However, the precise relationship between liberalization and incumbent internationalization is contested. This article tests three persuasive arguments derived from the political economy literature on this relationship. The first claims that those incumbents most exposed to domestic liberalization would internationalise most. The second asserts the opposite: incumbents operating where liberalization was restricted could exploit monopolistic rents to finance their aggressive internationalisation. The third argument claims that a diversity of paths will be adopted by countries and incumbents vis-à-vis liberalization and internationalization. Using correlation and cluster analysis of the sample of all major EU telecoms and electricity incumbent Multinationals evidence is found in favour of the third hypothesis. Internationalization as a response to liberalization took diverse forms in terms of timing and extent and this is best explained using a country, sector and firm logic.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/12839
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2009/62en
dc.relation.ispartofseriesFlorence School of Regulationen
dc.relation.ispartofseries[Communications and Media]en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectElectricityen
dc.subjectEuropean Unionen
dc.subjectInternationalizationen
dc.subjectLiberalizationen
dc.subjectTelecommunicationsen
dc.subjectPolitical economyen
dc.titleExplaining Telecoms and Electricity Internationalization in the European Union: A Political Economy Perspectiveen
dc.typeWorking Paperen
dspace.entity.typePublication
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