haku: @indexterm LOCAL GOVERNMENT / yhteensä: 290
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| Tekijä: | Walder, A. |
| Otsikko: | Local governments as industrial firms: an organizational analysis of China's transitional economy |
| Lehti: | American Journal of Sociology
1995 : SEP, VOL. 101:2, p. 263-301 |
| Asiasana: | LOCAL GOVERNMENT CHINA ECONOMIC CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | Despite widespread skepticism about government ownership in transitional economies, China's rapid industrial growth has been led by public enterprises. Kornai's theory of soft budget constraints, born of the failure of earlier Hungarian reforms, fosters such skepticism - but it assumes as fixed organizational characteristics that in fact vary widely across government jurisdictions. Local governments with smaller industrial bases have clearer financial incentives and constraints, fewer nonfinancial interests in enterprises, and a greater capacity to monitor them. |
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