Austria is a country with a historically strong intervention of government. Specifically a large part of the manufacturing sector and electricity had been nationalised after World War II, combined with public ownership in telecommunication, transport and banking this created one of the largest public sectors in Europe. This article describes experiments of privatisation performed in the last decade ranging from the transfer of ownership, corporatisation, liberalisation to activities promoting efficiency and competition within the government. We specifically focus on the institutional framework needed for a successful privatisation, stressing the role of a professional privatisation agent, who monitors the privatisation process.
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Article provided by WIFO in its journal Quarterly.
Volume (Year): 4 (1999) Issue (Month): 4 (October) Pages: 261-270 Download reference. The following formats are available: HTML
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996.
"A Theory of Privatisation,"
Economic Journal,
Royal Economic Society, vol. 106(435), pages 309-19, March.
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