Transformation of a centrally-directed economy: ownership and privatization in Hungary during 1990

  • Paul Marer


Centrally planned or centrally directed economies undergoing transformation into market economies face three interrelated problems concerning entrepreneurship and ownership.


Private Sector Market Economy Small Business Limited Liability Private Activity 
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  3. Kornai J. (1986), ‘The Hungarian Reform Process: Visions, Hopes, and Reality’, Journal of Economic Literature, December.Google Scholar
  4. Marer P. (1986), ‘Economic Reform in Hungary: From Central Planning to Regulated Market’, in Joint Economic Committee, U.S. Congress, East European Economies: Slow Growth in the 1980’s, vol. 3, Washington D.C.: U.S. GPO.Google Scholar

Copyright information

© Bruno Dallago, Gianmaria Ajani and Bruno Grancelli 1992

Authors and Affiliations

  • Paul Marer

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