Huang, Weiting and Pang, Xiaobo (2008): 高校预算软约束的制度成因及其治理.
Download (40kB) | Preview
A wide range of financial distress has emerged in Chinese higher education sector, and this paper aims to explain it. We pointed out that soft budget constraint is the root cause of the financial distress; our main tasks are to identify the institutional causality of soft budget constraint and its applications for governance. We concluded three institutional causalities: quasi-public goods nature of higher educational serves; affiliated relationship between government and colleges; misaligned of the objection-incentive arrangement for college chairman. Based on the above three points, we provided some solutions to hardening the budget constraints.
|Item Type:||MPRA Paper|
|English Title:||Institutional Causality of Soft Budget Constraints in Chinese Higher Education Sector and its Implications for Governance|
|Keywords:||soft budget constraints; institutional causality; governance; higher education finance|
|Subjects:||P - Economic Systems > P3 - Socialist Institutions and Their Transitions > P36 - Consumer Economics ; Health ; Education and Training ; Welfare, Income, Wealth, and Poverty
I - Health, Education, and Welfare > I2 - Education and Research Institutions > I22 - Educational Finance ; Financial Aid
|Depositing User:||Weiting Huang|
|Date Deposited:||14. Nov 2008 01:24|
|Last Modified:||16. Feb 2013 08:13|
BARR N. Financing Higher Education: Lessons from the UK Debate. The Political Quarterly, 2003, 74 (3): 371-381.
FRIEDMAN M. Public Schools: Make Them Private. Education Economics, 1997, 5(3): 341-344.
KORNAI J., MASKIN E., ROLAND G. Understanding the Soft Budget Constraint. Journal of Economic Literature, 2003, 41(4):1095-1136.
KORNAI J. The Concept of the Soft Budget Constraint Syndrome in Economic Theory.Journal of Comparative Economics, 1998, 26(1): 11~17.
LIN J.Y., TAN G. Policy Burdens, Accountability, and the Soft Budget Constraint. The American Economic Review, 1999, 89(2):426-431.
SEGAL R. Monopoly and Soft Budget Constraint. The RAND Journal of Economics, 1998, 29(3 ):596-609