Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution : The Case of Italian State-Owned Firms and the European Union

Bertero, Elisabetta and Rondi, Laura (2002). Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution : The Case of Italian State-Owned Firms and the European Union. UNU-WIDER.

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UNU-WIDER Working Papers

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  • Sub-type Discussion paper
    Author Bertero, Elisabetta
    Rondi, Laura
    Title Hardening a Soft Budget Constraint Through 'Upward Devolution' to a Supranational Institution : The Case of Italian State-Owned Firms and the European Union
    Volume/Issue No. 2002/16
    Publication Date 2002
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 39
    Language eng
    Abstract

    This paper contributes to the literature on the role of decentralization in hardening the budget constraint of public enterprises. Following Qian and Roland the study adopts a `federalist´ approach. However, it interprets federalism as the upward devolut
    Keyword Budget
    Government business enterprises
    Government spending policy
    International obligations
    Copyright Holder UNU-WIDER
    Copyright Year 2002
    Copyright type Fair use permitted
    ISSN 16095774
    ISBN 9789291901517
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    Created: Fri, 12 Feb 2016, 13:22:43 JST