not well targeted: too many benefits accrue to better-off households rather than to the The Case of Bulgaria poor. Comprehensive reform is needed, focusing on pensions, unemployment benefits, child...
State enterprise performance and soft budget constraints: The case of Bulgaria
Stijn Claessens, R. Kyle Peters
This paper analyses the performance of state enterprises in Bulgaria during 1992-94. Consistent with the literature on other transitional economies, this paper finds that one key factor underlying...