Spontaneous Privatization in Hungary: Preconditions and Real Issues

One of the most significant changes in Hungarian economy's last three years was the rapid growth in number of market actors. The new units were established mainly in company form. It means that new owners appeared on the scene. Who are these new owners? What were their motivations to create companies? Does this process indicate the privatization of state assets? By trying to answer these questions on the basis of an empirical research the analysis will focus on the industrial sector and within that the big state enterprises.

In: Privatization in the Transition to a Market Economy, John Earl, Roman Frydman, Andrzej Rapaczynski eds., St.Martin's Press and Pinter Publishers 1993. 89-107.