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The Privatisation Experiment in Austria

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Author Info
Karl Aiginger (WIFO)

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Abstract

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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Publisher Info
Article provided by WIFO in its journal Quarterly.

Volume (Year): 4 (1999)
Issue (Month): 4 (October)
Pages: 261-270
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Handle: RePEc:wfo:wquart:y:1999:i:4:p:261-270

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Related research
Keywords: The Privatisation Experiment in Austria;

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References listed on IDEAS
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  1. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W, 1996. "A Theory of Privatisation," Economic Journal, Royal Economic Society, vol. 106(435), pages 309-19, March. [Downloadable!] (restricted)
  2. Domberger, Simon & Piggott, John, 1986. "Privatization Policies and Public Enterprise: A Survey," The Economic Record, The Economic Society of Australia, vol. 62(177), pages 145-62, June.
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  1. Ansgar Belke & Friedrich Schneider, 2003. "Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 229/2003, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
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