Search Results - subject:"Soft budget constraint"

Inferring Welfare Maximizing Treatment Assignment Under Budget Constraints

Bhattacharya, Debopam - 2010

This paper concerns the problem of allocating a binary treatment among a target population based on observed covariates. The goal is to (i) maximize the mean social welfare arising from an eventual outcome distribution, when a budget constraint limits what fraction of the population can be...

Persistent link: https://www.econbiz.de/10012758245

Subnational Health Spending and Soft Budget Constraints in OECD Countries

Crivelli, Ernesto - 2010

Government spending on health has grown as a percent of GDP over the last 40 years in industrialized countries. Widespread decentralization of healthcare systems has often accompanied this increase in spending. In this paper, we explore the effect of soft budget constraints on subnational health...

Persistent link: https://www.econbiz.de/10014402715

On the Solvency of Nations : Are Global Imbalances Consistent with Intertemporal Budget Constraints?

Mendoza, Enrique G. - 2010

Theory predicts that a nation''s stochastic intertemporal budget constraint is satisfied if net exports (NX) and net foreign assets (NFA) satisfy an error-correction specification with a residual integrated of any finite order. We test this hypothesis using data for 21 industrial and 29 emerging...

Persistent link: https://www.econbiz.de/10014402804

Auswirkung des Leasings auf die Fremdkapitalkapazität

Lee, Michael - In: Leasing : Wissenschaft & Praxis 8 (2010) 2, pp. 53-70

Persistent link: https://www.econbiz.de/10009704913

Strategic versus Financial Investors: The Role of Strategic Objectives in Financial Contracting

Arping, Stefan; Falconieri, Sonia - 2009

Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement their core businesses and to facilitate the internalization of externalities. We argue that while strategic objectives make it more worthwhile for an investor to elicit high...

Persistent link: https://www.econbiz.de/10010325753

The soft budget constraint syndrome in the hospital sector

Kornai, János - In: Society and Economy 31 (2009) June, pp. 5-31

Research to date has focused mainly on the soft budget constraint syndrome in the corporate sector and in the credit … relationship between the various ownership types (state, non-profit and for-profit non-state ownership types) and the soft budget … constraint syndrome. Finally, it looks at the phenomenon from normative aspects: the favourable and unfavourable consequences of …

Persistent link: https://www.econbiz.de/10010822461

Honor Thy Creditors Beforan Thy Shareholders: Are the Profits of Chinese State-Owned Enterprises Real?

Ferri, Giovanni; Liu, Li-Gang - Hong Kong Institute for Monetary Research (HKIMR), … - 2009

The Chinese state owned enterprises (SOEs) have become quite profitable recently. As the largest shareholder, the state has not asked SOEs to pay dividends in the past. Therefore, some have suggested that the state should ask SOEs to pay dividends. Indeed, the Chinese government has adopted this...

Persistent link: https://www.econbiz.de/10004983592

Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885

La contrainte de budget des collectivités locales françaises est-elle relâchée ?

Guengant, Alain; Josselin, Jean-Michel - In: Revue d'économie régionale et urbaine novembre (2009) 4, pp. 739-758

state, namely France. It shows that the usual debt channel of the soft budget constraint is not relevant here. However, the …

Persistent link: https://www.econbiz.de/10008926808

On the Solvency of Nations : Are Global Imbalances Consistent with Intertemporal Budget Constraints?

Durdu, Ceyhun Bora - 2009

Theory predicts that a nation's stochastic intertemporal budget constraint is satisfied if net foreign assets (NFA) are integrated of any finite order, or if net exports (NX) and NFA satisfy an error-correction specification with a residual integrated of any finite order. We test these...

Persistent link: https://www.econbiz.de/10013157070