کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9554409 | 1375953 | 2005 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Can EU conditionality remedy soft budget constraints in transition countries?
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Soft budget constraints (SBCs) are a persistent feature of transition economies and have been blamed for a lack of fiscal consolidation and sluggish growth. EU eastward enlargement has been conditioned on tackling SBCs. This paper analyzes such outside conditionality theoretically and empirically. First, by modeling the SBC problem as a war of attrition between the applicant countries' governments and firms, we find that outside conditionality can foster SBC hardening. Second, estimating SBC hardening in a partial adjustment model by measuring the development of labor productivity, we find that EU conditionality did indeed help candidates to tackle SBCs. Journal of Comparative Economics33 (2) (2005) 371-386.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 33, Issue 2, June 2005, Pages 371-386
Journal: Journal of Comparative Economics - Volume 33, Issue 2, June 2005, Pages 371-386
نویسندگان
Herbert Brücker, Philipp J.H. Schröder, Christian Weise,