Search Results - subject:"Soft budget constraint"

A recursive algorithm to generate piecewise linear budget constraints

Duncan, Alan S.; Stark, Graham K. - 2000

This paper introduces a recursive algorithm with which to generate complete and accurate budget constraints using static microsimulation models. We describe the generic algorithm and discuss and extension by which reasons for any change in the marginal effective tax rate may be explained. We...

Persistent link: https://www.econbiz.de/10011538484

Corporate finance and restructuring : evidence from Central and Eastern Europe

Köke, F. Jens; Salem, Tanja - 2000

After the end of communism enterprises in Central and Eastern Europe (CEE) were marked by low levels of labor productivity, mainly because of too high employment levels. According to economic theory, the corporate capital structure can be an important element in the restructuring process. But...

Persistent link: https://www.econbiz.de/10011444618

Full- and part-time wage differentials and female labor supply : discontinuous budget constraint and endogenous wages

Yun, Myeong-Su - 2000

We introduce a structural model which jointly estimates the full-time wage premium and female labor supply, using the piecewise-linear budget constraint method. Our model incorporates a discontinuous budget line at cut-off hours (35 hours a week), caused by the coexistence of both full- and...

Persistent link: https://www.econbiz.de/10011576568

Corporate finance and restructuring: evidence from Central and Eastern Europe

Köke, F. Jens; Salem, Tanja - 2000

Persistent link: https://www.econbiz.de/10013428317

Soft Budget Constraints and the Dual Track System

Che, Jiahua - 2000

I put forward a new theoretical framework to analyze the relationship between soft budget constraint syndrome and the … soft budget constraint literature. In this paper, soft budget constraint syndrome arises when firms that are expected to … relation between soft budget constraint syndrome in the state sector (i.e., the centralized track) and the remarkable growth of …

Persistent link: https://www.econbiz.de/10014038821

Assessing Fiscal Sustainability in Theory and Practice

Chalk, Nigel Andrew - 2000

The main purpose of this paper is to provide an overview of approaches to assessing fiscal sustainability. It summarizes the general analytical background, focusing on the present value budget constraint, which is the benchmark against which solvency is determined, tests of sustainability...

Persistent link: https://www.econbiz.de/10014399921

Liquidity Constraints and Investment in Transition Economies : The Case of Bulgaria

Budina, Nina; Garretsen, Harry; Jong, Eelke de - 2000

The authors use firm level data on Bulgaria to investigate the impact of liquidity constraints on firms investment performance. Internal funds are a important determinant of investment in most industrial economies. The authors use a simple accelerator model of investment to test whether...

Persistent link: https://www.econbiz.de/10012571748

Ownership versus Environment : Disentangling the Sources of Public Sector Inefficiency

Bartel, Ann; Harrison, Ann E. - 2000

The authors compare the performance of public and private sector manufacturing firms in Indonesia for 1981-95. They analyze whether public sector inefficiency is due primarily to agency-type problems (ownership) or to the business environment in which public enterprises operate, as measured by...

Persistent link: https://www.econbiz.de/10012571743

Ownership Versus Environment: Why are Public Sector Firms Inefficient?

Bartel, Ann P.; Harrison, Ann E. - 1999

soft budget constraint or barriers to competition. The two models are nested in a production function framework. The …

Persistent link: https://www.econbiz.de/10009477029

Ownership Versus Environment: Why are Public Sector Firms Inefficient?

Bartel, Ann P.; Harrison, Ann E.; Bartel, Ann P.; … - William Davidson Institute, University of Michigan - 1999

soft budget constraint or barriers to competition. The two models are nested in a production function framework. The …

Persistent link: https://www.econbiz.de/10005652656