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Budget Constraints of Bulgarian Enterprises, 1996-1997

Author

Listed:
  • Lubomir Dimitrov

    (Agency for Economic Analysis and Forecasting)

Abstract

This paper examines the major financial flows between the real sector and other sectors of the economy as well the financial flows within the sector itself. In doing so, we shall answer the question of whether or not the real sector of the economy was functioning under soft budget constraints during the crisis period. Our effort is futher aimed at finding the ways in wich it functioned under soft budget constraints as well as assessing the contribution of the real sector to the aggravation of the 1996 crisis.

Suggested Citation

  • Lubomir Dimitrov, 1999. "Budget Constraints of Bulgarian Enterprises, 1996-1997," Working paper series 31999en, Agency for Economic Analysis and Forecasting.
    • Handle: RePEc:eaf:wpaper:31999en
    as

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    File URL: http://www.aeaf.minfin.bg/bg/izdaniq/P_17_e.pdf
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    References listed on IDEAS

    as
    1. G. Alfandari & M.E. Schaffer, 1996. ""Arrears" in the Russian Enterprise Sector," CERT Discussion Papers 9608, Centre for Economic Reform and Transformation, Heriot Watt University.
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    More about this item

    Keywords

    financial flows; soft budget constraints; real sector;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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