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The Privatization Experiment in Austria

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  • Karl Aiginger

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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Suggested Citation

  • Karl Aiginger, 1997. "The Privatization Experiment in Austria," WIFO Working Papers 95, WIFO.
    • Handle: RePEc:wfo:wpaper:y:1997:i:95
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    References listed on IDEAS

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    1. Bishop, Matthew & Kay, John & Mayer, Colin (ed.), 1994. "Privatization and Economic Performance," OUP Catalogue, Oxford University Press, number 9780198773443.
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    1. repec:ces:ifodic:v:3:y:2005:i:1:p:14567530 is not listed on IDEAS
    2. Ansgar Belke & Friedrich Schneider, 2005. "Privatisation in Austria: Response to Internal and External Pressures," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(1), pages 26-32, 04.
    3. Ansgar Belke & Friedrich Schneider, 2005. "Privatisation in Austria: Response to Internal and External Pressures," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(01), pages 26-32, April.
    4. 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.
    5. Friedrich Schneider & Ansgar Belke, 2004. "Privatization in Austria: Some theoretical reasons and performance measures," Economics working papers 2004-04, Department of Economics, Johannes Kepler University Linz, Austria.

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