Choice Of Soft Budget Constraints And Economic Transition Path

The author focuses on the optimization of economic transition in China from the view of soft budget constraint (SBC). Firstly, the author introduces the origin, development of SBC and significance of research on it briefly in chapter 1 and introduces four representative theories of factor analysis of SBC systematically in chapter 2. Then the author combines SBC with practice of Chinese economic transition in order to analyze and discuss current problems in transition economy from three aspects in chapter 3. According to analysis above, the author establishes a set of indicators to make objective evaluation of the performance of Chinese economic transition, in the basis of studying methods that evaluate performance of economic transition in foreign country. At last, the author indicates that economic transition should be optimized in five aspects and achieved maximized benefit by grasping the changed track of cost and earning.