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Privatization in Hungary: Past, Present and Future

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  • Gatsios, Konstantine

Abstract

The paper examines privatization in Hungary over the last decade. It investigates the `spontaneous privatization' of the late 1980s and its relation to today's privatization efforts. It studies the changes in the economic structure of Hungary since 1988, and provides detailed information relating to the privatization efforts through the State Property Agency. It concludes by arguing for an `organized decentralization' of the privatization process as a necessary ingredient for achieving the privatization goals set by the government, and for moving Hungary away from a centrally planned to a market-oriented economy.

Suggested Citation

  • Gatsios, Konstantine, 1992. "Privatization in Hungary: Past, Present and Future," CEPR Discussion Papers 642, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:642
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    Cited by:

    1. Digdowiseiso, Kumba, 2010. "The transition of China and Ussr: A political economy perspective," MPRA Paper 22561, University Library of Munich, Germany.
    2. David M Newbery, 1993. "Tax and expenditure policies in Hungary ," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(2), pages 245-272, June.
    3. Gerard Rpland, 2001. "The Political Economy of Transition," William Davidson Institute Working Papers Series 413, William Davidson Institute at the University of Michigan.

    More about this item

    Keywords

    Privatization Programmes; Self-Privatization; Spontaneous Privatization;

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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