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Privatization in Austria: Some theoretical reasons and performance measures

Friedrich Schneider () and Ansgar Belke

No 2004-04, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria

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.

Keywords: Austria; Performance Measures; Privatization; Profitability; State-owned Enterprises (search for similar items in EconPapers)
JEL-codes: H42 E62 L33 (search for similar items in EconPapers)
Date: 2004-06
New Economics Papers: this item is included in nep-eec, nep-his and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

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Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2004_04

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