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      <record key="001" att1="001" value="LIB909733806" att2="LIB909733806">001   LIB909733806</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/east/ro-35.pdf</field>
      <field key="079" subkey="z">Rühl, Christof - et al., The Blind Man's Subsidies (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsrop/35.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. East European Series; 35 (RePEc)</field>
      <field key="100" subkey="">Rühl, Christof</field>
      <field key="103" subkey="">Department of Economics, University of California, Los Angeles</field>
      <field key="104" subkey="a">Vinogradov, Viatcheslav</field>
      <field key="107" subkey="">Department of Mathematics and Mechanics, St. Petersburg State University</field>
      <field key="331" subkey="">The Blind Man's Subsidies</field>
      <field key="335" subkey="">Output, Inflation and Unemployment in Transition Economies - A General Framework</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1996, June</field>
      <field key="433" subkey="">51 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Osteuropa; 35</field>
      <field key="461" subkey="">East European Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; The Economy; A Simple Mathematical Treatment;</field>
      <field key="544" subkey="">IHSRO 35</field>
      <field key="700" subkey="">E61</field>
      <field key="700" subkey="">P21</field>
      <field key="700" subkey="">C62</field>
      <field key="720" subkey="">Economic Dynamics</field>
      <field key="720" subkey="">Growth Theory</field>
      <field key="720" subkey="">Economic Development</field>
      <field key="720" subkey="">Transition Economies</field>
      <field key="753" subkey="">Abstract: We model the introduction of hard budget constraints in a transition economy. The model, set in continuous time, is</field>
      <field key="des" subkey="i">gned to address the interaction between the hardening of such constraints and the speed of restructuring in the industrial</field>
      <field key="sec" subkey="t">or. We emphasize the impact policy changes will have on the old capital stock with respect to the rate of firm's bankruptcies</field>
      <field key="on" subkey="t">he one hand, and to increases in aggregate labor productivity on the other. We then extend the analysis to studythe speed</field>
      <field key="wit" subkey="h">which 'de novo' investment will take place, under alternative government policies.;</field>
    </SEQUENTIAL>
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