Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73194
Authors: 
Schneider, Friedrich
Belke, Ansgar
Year of Publication: 
2004
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0404
Abstract: 
The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and other European Union countries. In order to assess the impact of privatization in Austria on economic performance, we observe cash flows, the employment performance, and the stock-exchange ratings of the privatized formerly state-owned enterprises.
Subjects: 
Austria
Performance Measures
Privatization
Profitability
State-owned Enterprises
JEL: 
H42
E62
L33
Document Type: 
Working Paper

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