Hardening the budget constraint: The experience of the post-socialist countries

Author: Kornai J.

Source: European Economic Review, Volume 45, Number 9, October 2001 , pp. 1573-1599(27)

Publisher: Elsevier

Keywords: [JEL classification codes] H2; [JEL classification codes] G3; [JEL classification codes] D78; Post-socialist transition; Soft budget constraint; Financial discipline; Privatization

Language: English

Document Type: Research article

DOI: http://dx.doi.org/10.1016/S0014-2921(01)00100-3

Affiliations: 1: aHarvard University, 02138, Cambridge, MA, USA

Publication date: 2001-10-01

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• By this author: Kornai J.

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