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Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

By Ansgar Belke and Friedrich Schneider


Austria, partisan approach, privatization, state-owned enterprises, public choice

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  2. (1999). A further comprehensive and informative source of the history of privatization in Austria is Clemenz
  3. (2003). Abdolkarim Sadrieh
  4. (2003). also left-wing governments embark on privatization but mostly when fiscal conditions deteriorate (see, e.g., Italy). See Bortolotti and Pinotti
  5. (1999). among others, Clemenz
  6. (1999). and Nowotny
  7. (1991). and Schneider
  8. (2003). Attention, Economies,
  9. Average price reduction period 1996-2001.
  10. (2003). Big to Fail: Bankenkonkurs und Wählerstimmenkalkül,
  11. (1971). Bureaucracy and Representative Government,
  12. (1999). Communist Party of Austria
  13. (2001). Compare also Bortolotti, Fantini and Siniscalco
  14. (1996). Compare the study by Boes and Schneider
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  23. (2003). employment losses often appear to be widely exaggerated. For instance, the Communist Party of Austria
  24. (2003). Endogenous Wage Rigidity,
  25. Evans and Seppo Honkapohja, The E-Correspondence Principle,
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  27. (2003). Fiscal and Monetary Policy Interactions: Empirical Evidence and Optimal Policy Using a Structural New Keynesian Model,
  28. (2002). Fiscal and Other Macroeconomic Effects of Privatization, Nota di Lavoro 113.2002, Fondazione Eni Enrico
  29. (2003). Fiscal Policy, Economic Integration and Unemployment,
  30. (1999). for Economic Policy Research, London. CESifo (2003): DICE Database,
  31. (1999). for instance,
  32. (2000). for instance, Aiginger in Austrian Parliament
  33. (2003). From Public Monopsony to Competitive Market. More Efficiency but Higher Prices,
  34. (2003). Hanneke Bol and Ralph de Haas, How Important are Foreign Banks in the Financial Development of European Transition Countries?,
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  36. (2004). Have a Break, Have a … National Currency: When Do Monetary Unions Fall Apart?,
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  46. (1998). Nevertheless, the role of the Vienna stock exchange was still limited until Eastern enlargement of the EU.
  47. (2003). On the Elasticities of Harvesting Rules,
  48. Own calculations based on an econometrically estimated simulation model.
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  50. (2003). Patent Pools and Cross-Licensing in the Shadow of Patent Litigation,
  51. (2003). Piracy of Digital Products: A Critical Review of the Economics Literature,
  52. (1997). Privatisierung in Österreich, Österreichisches Jahrbuch für Politik,
  53. (2004). Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds,
  54. Public Policy and Venture Capital Backed Innovation,
  55. Restructuring the ECB,
  56. (1999). See among others Aiginger
  57. (2000). See Clemenz in Austrian Parliament
  58. (1997). Short and Long-Run Performance of Initial Public Offerings in the Austrian Stock Market, Working Paper no. 24, Austrian Working Group on Banking and Finance, August,
  59. (2003). Signaling and Screening of Workers’ Motivation,
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  63. Structural Reforms and the Enlargement of Monetary
  64. (1999). Surveys of the privatization literature is provided in Megginson and Netter
  65. (2003). Tax Progressivity and Tax Evasion,
  66. (2003). Taxes and Venture Capital Support,
  67. (2002). The Austrian type of Keynesian policy used the public enterprises and state owned firms for such purposes quite successfully over the period 1971-1986.
  68. (2004). The Economic Value of Cultural Diversity: Evidence from US Cities,
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  70. (1961). The first approach has been developed by Alchian
  71. (2003). The Hayek Pension: An efficient minimum pension to complement the welfare state,
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  74. (2002). the states Upper Austria and Styria,
  75. (2003). The Surprising French Employment Performance: What Lessons?,
  76. (2003). The Taxation of Financial Capital under Asymmetric Information and the Tax-Competition Paradox,
  77. (1997). This question has already been raised by Aiginger
  78. (2003). This should be done by means of syndicates with industrial partners, banks, insurance companies, pension funds, severance pay funds, investment funds, etc.
  79. (1999). This view is also totally consistent with the remarkable change of positions of the Freedom party, which became determined anti-European, after being the sole supporter of Austrian ECmembership for a long time, see Clemenz,
  80. This was especially the case in Austria.
  81. (2004). Transferable Ageing Provisions in Individual Health Insurance Contracts,
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  85. (2003). Vesa Kanniainen, and Panu Poutvaara, Income Taxes, Property Values, and Migration,
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