Market Liberalization And Ownership Status Of Incumbent Telecom Enterprises: Global Evidence From The Telecom Sector

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Executive Summary

Coupled with the early wave of privatization in the 80s of state-owned telecom enterprises, the reform trend in the telecom market has shifted toward the market liberalization since the 90s, resulting in extended multilateral negotiations on the introduction of competition into basic telecommunications. Building on the empirical model of Greene (1998), this paper employs a recursive simultaneous bivariate probit model and examines how the ownership status of incumbent telecom operators affects the market liberalization in basic telecom services.

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