Czech Privatization

Abstract

? 1997 M.E. Sharpe, Inc., adapted from the original English text ? 1995 by University of Economics, Prague. Original text published in Prague Economic Papers, 1995, no. 4, pp. 321-336. The author is affiliated with the Institute of Economics of the Czech National Bank, Prague. Earlier versions of this paper were presented at the seminar Transformation in the Process (a follow-up seminar of the intemational research project East-Central 2000) organized by the Institute for World Economy of the Hungarian Academy of Sciences in Budapest, Hungary, February 1995, and at the Conference on Central and Eastern Europe: Five Years On, organized by the Centre for Research into East European Business (CREEB) of Buckinghamshire College of Brunel University in Chalfont St. Giles, England, June 1995. This final version of the paper was presented to the Seventh Annual Conference of the European Association for Evolutionary Political Economy (EAEPE), Transfonning Economies and Societies: Towards an Institutional Theory of Economic Change, in Krakow, Poland, October 1995. The author is obliged to the Institute for Human Sciences, Vienna, Austria, to the British Council, and to Nadsni Josefa, Marie a Zdeilky Hlavkovych (the Hlavka Foundation), Prague, for their support, which enabled the author to make these presentations. The expertise contained in the paper was gained during the author's participation in the research projects Enterprise Restructuring at Different Stages of Ownership Transformation: The Czech Republic and Poland (PHARE/ACE Programme, Project No. 92-0223-R) and Future of Industry in Central and Eastem Europe (STD-2 EC Programme, Reference No. CIPACT 930085). The views expressed in the paper are the author's own and do not necessarily coincide with the views of the Czech National Bank.