The fiscal constraint to restructuring firms in transition economies
Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the govern...
Ausführliche Beschreibung
Autor*in: |
Schröder, Philipp J. H. [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
2000 |
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Schlagwörter: |
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Anmerkung: |
© International Atlantic Economic Society 2000 |
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Übergeordnetes Werk: |
Enthalten in: Atlantic economic journal - Kluwer Academic Publishers, 1973, 28(2000), 1 vom: März, Seite 37-47 |
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Übergeordnetes Werk: |
volume:28 ; year:2000 ; number:1 ; month:03 ; pages:37-47 |
Links: |
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DOI / URN: |
10.1007/BF02300529 |
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Katalog-ID: |
OLC206230059X |
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10.1007/BF02300529 doi (DE-627)OLC206230059X (DE-He213)BF02300529-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Schröder, Philipp J. H. verfasserin aut The fiscal constraint to restructuring firms in transition economies 2000 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 2000 Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. International Economic Public Finance Privatize Firm Transition Economy Structural Barrier Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 28(2000), 1 vom: März, Seite 37-47 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:28 year:2000 number:1 month:03 pages:37-47 https://doi.org/10.1007/BF02300529 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 28 2000 1 03 37-47 |
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10.1007/BF02300529 doi (DE-627)OLC206230059X (DE-He213)BF02300529-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Schröder, Philipp J. H. verfasserin aut The fiscal constraint to restructuring firms in transition economies 2000 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 2000 Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. International Economic Public Finance Privatize Firm Transition Economy Structural Barrier Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 28(2000), 1 vom: März, Seite 37-47 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:28 year:2000 number:1 month:03 pages:37-47 https://doi.org/10.1007/BF02300529 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 28 2000 1 03 37-47 |
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10.1007/BF02300529 doi (DE-627)OLC206230059X (DE-He213)BF02300529-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Schröder, Philipp J. H. verfasserin aut The fiscal constraint to restructuring firms in transition economies 2000 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 2000 Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. International Economic Public Finance Privatize Firm Transition Economy Structural Barrier Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 28(2000), 1 vom: März, Seite 37-47 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:28 year:2000 number:1 month:03 pages:37-47 https://doi.org/10.1007/BF02300529 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 28 2000 1 03 37-47 |
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10.1007/BF02300529 doi (DE-627)OLC206230059X (DE-He213)BF02300529-p DE-627 ger DE-627 rakwb eng 300 330 VZ 83.00 bkl Schröder, Philipp J. H. verfasserin aut The fiscal constraint to restructuring firms in transition economies 2000 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © International Atlantic Economic Society 2000 Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. International Economic Public Finance Privatize Firm Transition Economy Structural Barrier Enthalten in Atlantic economic journal Kluwer Academic Publishers, 1973 28(2000), 1 vom: März, Seite 37-47 (DE-627)166430994 (DE-600)188752-X (DE-576)014791765 0197-4254 nnns volume:28 year:2000 number:1 month:03 pages:37-47 https://doi.org/10.1007/BF02300529 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_26 GBV_ILN_40 GBV_ILN_65 GBV_ILN_70 GBV_ILN_2002 GBV_ILN_2009 GBV_ILN_2011 GBV_ILN_2012 GBV_ILN_4012 GBV_ILN_4193 GBV_ILN_4324 GBV_ILN_4700 83.00 VZ AR 28 2000 1 03 37-47 |
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Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. © International Atlantic Economic Society 2000 |
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Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. © International Atlantic Economic Society 2000 |
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Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. Careful sequencing of policy and a low ratio of wage-to-profit taxes can remedy the problem. © International Atlantic Economic Society 2000 |
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H.</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The fiscal constraint to restructuring firms in transition economies</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2000</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">© International Atlantic Economic Society 2000</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract Restructuring transition enterprises has been slow. Many firms remain unprivatized and the new owners (of privatized firms) take inadequate measures. Various arguments often have been brought forth to explain this sluggish adjustment. This paper identifies a structural barrier at the governmental level: The government designs the privatization program which leads to restructuring. However, transition governments are in a fiscal squeeze because restructuring relocates costs from firms to the public budget. Nevertheless, the deficit should be kept within narrow limits. This problem is analyzed within a stylized dynamic model. This paper finds that the fiscal constraint can delay or halt privatization. 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