Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Essays On Ownership And Soft Budget Constraint Evidence From Transition Countries PDF full book. Access full book title Essays On Ownership And Soft Budget Constraint Evidence From Transition Countries.
| Author | : Fabian Gouret |
| Publisher | : |
| Total Pages | : |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
| Author | : Martin Raiser |
| Publisher | : University of Michigan Press |
| Total Pages | : 240 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : |
For over a decade, a large number of governments have embarked on economic reforms to strengthen the competitiveness of their countries in the world market and improve the standards of living of their populations. By far the most extensive reforms, both in depth and scope, have occurred since the late 1980s in the former communist economies of Central and Eastern Europe and East Asia. Despite vast differences in initial conditions and reform design, Martin Raiser argues that a central ingredient of the success of these reforms must be the hardening of the budget constraint for domestic producers. To verify this hypothesis, Raiser develops an analytical framework that links the concept of the soft budget constraint to issues of economic reform in developing countries, and examines indicators of the degree of budget softness with particular emphasis on the institutional deficiencies that may undermine the credibility of macroeconomic stabilization and the effectiveness of price signals. In his empirical analysis, Raiser relates the indicators of budget softness to the inflation and growth records of thirty-one developing countries. The cases of Poland and China further illuminate his theory by pointing toward the institutional arrangements that may hinder the effective hardening of budget constraints in transition economies. Finally, Raiser analyzes enterprise level data for China to verify the link between budget softness and technical and allocative inefficiency. Soft Budget Constraints will be of notable interest to those scholars and students of economics specializing in development and transition economics.
| Author | : János Kornai |
| Publisher | : MIT Press |
| Total Pages | : 194 |
| Release | : 1986 |
| Genre | : Business & Economics |
| ISBN | : 9780262111072 |
These seven essays by the Eastern block's most important economist address and explore many of the critical social and economic issues inherent in the socialist economy. Published in Hungary in 1983, they are the firsthand observations of an insider who attempts to be as frank and impartial as possible about the experiment in his own country. The essays distinguish the classical or traditional form of a highly centralized socialist economy from a system, like that of Hungary's, that is in the process of institutional reforms. They focus on a few important characteristics of social economies, rather than providing a broad description and analysis of socialist systems, in order to stimulate thinking along comparative lines. The wider problems and issues related to socialist systems that they address will interest sociologists and political scientists, historians, and philosophers as well as economists. Kornai points out that because real modern societies are different from the pure models of capitalism and socialism, combinations and mixtures of socialist and capitalist systems, sellers' and buyers' markets, centralized and decentralized management occur widely and intensively in both socialist and highly developed industrial market economies and in the nonsocialist third world countries in some segments and to a certain degree. Looking at these phenomena comparatively reveals both the deep differences and the similarities and analogies between the systems. The essays are: The Reproduction of Shortage. "Hard" and "Soft" Budget Constraint. Degrees of Paternalism. Economics and Psychology. Comments on the Present State and the Prospects of the Hungarian Economic Reform. Efficiency and the Principles of Socialist Ethics. The Health of Nations. JÄnos Kornai is Professor of Economics at the Institute of Economics, Hungarian Academy of Sciences, Budapest.
| Author | : Frédéric Bastiat |
| Publisher | : |
| Total Pages | : 58 |
| Release | : 1853 |
| Genre | : Economics |
| ISBN | : |
| Author | : Mr.Jesus Gonzalez-Garcia |
| Publisher | : International Monetary Fund |
| Total Pages | : 27 |
| Release | : 2013-10-03 |
| Genre | : Business & Economics |
| ISBN | : 1484390091 |
State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using a panel dataset, we find that a larger presence of state-owned banks in the banking system is associated with more credit to the public sector, larger fiscal deficits, higher public debt ratios, and the crowding out of credit to the private sector. These results suggest that the lending practices of state-owned banks should be carefully assessed in any strategy to pursue fiscal discipline.
| Author | : Roman Frydman |
| Publisher | : Central European University Press |
| Total Pages | : 239 |
| Release | : 1994-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9633864917 |
In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.
| Author | : Ioannis Nicolaos Kessides |
| Publisher | : World Bank Publications |
| Total Pages | : 328 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : |
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
| Author | : Alexander Fleming |
| Publisher | : World Bank Publications |
| Total Pages | : 302 |
| Release | : 2001-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9780821348147 |
This book contains 21 papers focusing on a wide range of issues concerning financial sector transition in the countries of Europe and Central Asia (ECA). It places the transition economies in the context of recent and prospective developments in global financial markets. This book also evaluates the experience of the last 10 years and reviews the progress from a command financial system to a market-based one, identifying some of the key characteristics of the financial transition.
| Author | : János Kornai |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 206 |
| Release | : 2014 |
| Genre | : Business & Economics |
| ISBN | : 0199334765 |
In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.
| Author | : François Bourguignon |
| Publisher | : World Bank Publications |
| Total Pages | : 386 |
| Release | : 2007-01-01 |
| Genre | : Social Science |
| ISBN | : 0821368443 |
Global Development Finance (GDF), is the World Bank's annual review of recent trends in and prospects for financial flows to developing countries. It is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. Vol I: Analysis and Outlook reviews recent trends in financial flows to developing countries. Also available as a two volume set, Vol II. Summary and Country Tables* includes comprehensive data for 138 countries, as well as summary data for regions and income groups.
