Abstract
The aim of this chapter is to make some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints1 in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). We divide the evidence into four categories: budgetary subsidies, trade credit, the banking system and tax arrears. The reasons for this division include the following.
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Gao, S., Schaffer, M.E. (2000). Financial Discipline in the Enterprise Sector in Transition Countries: How Does China Compare?. In: Cook, S., Yao, S., Zhuang, J. (eds) The Chinese Economy under Transition. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230288164_4
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DOI: https://doi.org/10.1057/9780230288164_4
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