The myth of the East Asian miracle: The macroeconomic implications of soft budgets

American Economic Review

Volumn 89, Issue 2, 1999, Pages 432-437

  Bai, Chong En ^a   Wang, Yijiang ^b  

^a BOSTON COLLEGE   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0005348490     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.89.2.432     Document Type: Article

References (9)

1. Bai, Chong-En and Wang, Yijiang. "Bureaucratic Control and the Soft Budget Constraint." Journal of Comparative Economics, March 1998, 26(1), pp. 41-61.
2. Dewatripont, Mathias and Maskin, Eric. "Credit and Efficiency in Centralized and Decentralized Economies." Review of Economic Studies, October 1995, 62(4), pp. 541-55.
3. Kornai, János. Economics of shortage. Amsterdam: North-Holland, 1980.
4. _. "Legal Obligation, Non-Compliance and Soft Budget Constraint," in Peter Newman, ed., The new Palgrave dictionary of economics and the law. London: Macmillan, 1998, pp. 533-39.
5. Krugman, Paul. "The Myth of Asia's Miracle." Foreign Affairs, November/December 1994, 73(6), pp. 62-78.
6. _. "Will Asia Bounce Back?" Speech for Credit Suisse First Boston, Hong Kong, 1998. [Available on-line: 〈http://web.mit.edu/ krugman/www/suisse.html〉.]
7. Maskin, Eric. "Recent Theoretical Work on the Soft Budget Constraint." American Economic Review, May 1999 (Papers and Proceedings), 89(2), pp. 421-25.
8. Qian, Yingyi. "A Theory of Shortage in Socialist Economies Bases on the 'Soft Budget Constraint.'" American Economic Review, March 1994, 84(1), pp. 145-56.
9. Young, Alwyn. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience." Quarterly Journal of Economics, August 1995, 110(3), pp. 641-80.