Search Results - subject:"Soft budget constraint"

The Place of the Soft Budget Constraint Syndrome in Economic Theory

Kornai, János - 2000

, although not all rent-seeking behavior is associated with a soft budget constraint (SBC). Rather, SBC analysis is a theory of …

Persistent link: https://www.econbiz.de/10014222357

Financial Constraints and Output Targets in Russian Agricultural Production

Arnade, Carlos Anthony; Gopinath, Munisamy - 2000

Agricultural production in Russia has experienced a significant decline in recent years. Agriculture's falling terms of trade and inadequate legal mechanisms on land ownership appear to impose expenditure constraints on Russian farms. This study explores the sources of inefficiency in Russian...

Persistent link: https://www.econbiz.de/10014155235

How Much Did Excess Debt Contribute to the 1997 Currency Crisis in Korea?

Qin, Duo - School of Economics and Finance, Queen Mary - 1999

It is widely believed that seriously excess debt problems form a major cause of the 1997 Asian financial crisis. This paper investigates empirically the role of the debt problems with respect to both the won/$US rate fluctuations and the won collapse in November 1997. The problems are...

Persistent link: https://www.econbiz.de/10005106316

Provision of Social Goods and Soft Budget Constraints

Röller, Lars-Hendrik; Zhang, Zhentang - Abteilung "Wettbewerbsfähigkeit und industrieller … - 1999

soft budget constraint syndrome which causes the firm to underinvest ex ante in order to extract state subsidy and thereby … den Unternehmen umzusetzen, was in der Literatur unter dem Stichwort "soft budget constraint" diskutiert wird. In der …

Persistent link: https://www.econbiz.de/10005772945