Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062783 | Economics Letters | 2006 | 5 Pages |
Abstract
We study the soft budget-constraint by dynamic models and conclude that the soft budget-constraint originated in the investment activities do not match the profit function, and policy burdens will intensify the soft budget-constraint.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zhihui Gu, Shiyun Zhang,