The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution:
This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increa...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Springer US
2000
|
| Ausgabe: | 1st ed. 2000 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget constraint is suggested. This introductory chapter presents an argument showing why this story is worth telling. It discusses the research topic and how the problem it presents is attacked. THE SOFT BUDGET CONSTRAINT The soft budget constraint is today a popular metaphor. Originally it was seen as a characteristic of the socialist system. It refers to the tendency of primarily state-owned enterprises to have their liquidity gaps or losses accommodated by the state, or some other external funding body, and to the resulting expectations of such bail-out. The concept was coined by the Hungarian economist Hmos Kornai. ' He distinguishes between four major forms of external financial assistance that contribute to the soft budget constraint: soft subsidies, soft taxation, soft credit and soft 2 administrative pricing |
| Beschreibung: | 1 Online-Ressource (XIX, 400 p) |
| ISBN: | 9781475767933 |
| DOI: | 10.1007/978-1-4757-6793-3 |
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| 520 | |a This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget constraint is suggested. This introductory chapter presents an argument showing why this story is worth telling. It discusses the research topic and how the problem it presents is attacked. THE SOFT BUDGET CONSTRAINT The soft budget constraint is today a popular metaphor. Originally it was seen as a characteristic of the socialist system. It refers to the tendency of primarily state-owned enterprises to have their liquidity gaps or losses accommodated by the state, or some other external funding body, and to the resulting expectations of such bail-out. The concept was coined by the Hungarian economist Hmos Kornai. ' He distinguishes between four major forms of external financial assistance that contribute to the soft budget constraint: soft subsidies, soft taxation, soft credit and soft 2 administrative pricing | ||
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| spelling | Skoog, Gun Eriksson Verfasser aut The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution by Gun Eriksson Skoog 1st ed. 2000 New York, NY Springer US 2000 1 Online-Ressource (XIX, 400 p) txt rdacontent c rdamedia cr rdacarrier This is a story of the soft budget constraint. It seeks an answer to a paradox: the prevalence of the soft budget constraint in spite of the tremendous inefficiencies that it gives rise to, and its persistence in spite of reform of the system of which it is an integral part. The story aims at increasing our understanding of why the phenomenon exists. By studying the case of state in Tanzania before, during and after socialism, an explanation of the owned enterprises emergence, persistence and logic of the soft budget constraint is suggested. This introductory chapter presents an argument showing why this story is worth telling. It discusses the research topic and how the problem it presents is attacked. THE SOFT BUDGET CONSTRAINT The soft budget constraint is today a popular metaphor. Originally it was seen as a characteristic of the socialist system. It refers to the tendency of primarily state-owned enterprises to have their liquidity gaps or losses accommodated by the state, or some other external funding body, and to the resulting expectations of such bail-out. The concept was coined by the Hungarian economist Hmos Kornai. ' He distinguishes between four major forms of external financial assistance that contribute to the soft budget constraint: soft subsidies, soft taxation, soft credit and soft 2 administrative pricing Geschichte 1967-1992 gnd rswk-swf Industrial Organization Development Economics Public Economics Political Economy/Economic Systems Industrial organization Development economics Public finance Economic policy Economics Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Budgetbeschränkung (DE-588)4121057-8 gnd rswk-swf Tansania (DE-588)4078149-5 gnd rswk-swf Tansania (DE-588)4078149-5 g Wirtschaftspolitik (DE-588)4066493-4 s Budgetbeschränkung (DE-588)4121057-8 s Geschichte 1967-1992 z DE-604 Erscheint auch als Druck-Ausgabe 9781441949936 Erscheint auch als Druck-Ausgabe 9780792379102 Erscheint auch als Druck-Ausgabe 9781475767940 https://doi.org/10.1007/978-1-4757-6793-3 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Skoog, Gun Eriksson The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution Industrial Organization Development Economics Public Economics Political Economy/Economic Systems Industrial organization Development economics Public finance Economic policy Economics Wirtschaftspolitik (DE-588)4066493-4 gnd Budgetbeschränkung (DE-588)4121057-8 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4121057-8 (DE-588)4078149-5 |
| title | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution |
| title_auth | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution |
| title_exact_search | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution |
| title_exact_search_txtP | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution |
| title_full | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution by Gun Eriksson Skoog |
| title_fullStr | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution by Gun Eriksson Skoog |
| title_full_unstemmed | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution by Gun Eriksson Skoog |
| title_short | The Soft Budget Constraint — The Emergence, Persistence and Logic of an Institution |
| title_sort | the soft budget constraint the emergence persistence and logic of an institution |
| topic | Industrial Organization Development Economics Public Economics Political Economy/Economic Systems Industrial organization Development economics Public finance Economic policy Economics Wirtschaftspolitik (DE-588)4066493-4 gnd Budgetbeschränkung (DE-588)4121057-8 gnd |
| topic_facet | Industrial Organization Development Economics Public Economics Political Economy/Economic Systems Industrial organization Development economics Public finance Economic policy Economics Wirtschaftspolitik Budgetbeschränkung Tansania |
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