IDEAS home Printed from https://ideas.repec.org/a/pio/envirc/v12y1994i3p333-346.html
   My bibliography  Save this article

Decentralization, privatization, and the solvency of local governments in reforming economies: the case of Budapest

Author

Abstract

In many reforming socialist economies like Hungary, the ownership of previously state-owned assets has been transferred to local governments as part of the decentralization and privatization reforms. The authors discuss these recent reforms in Budapest, and examine their impact on the solvency of local governments there. The analysis suggests that a continuation of the current pricing policies now in place in Budapest will pose serious long-run solvency problems for the new local governments that have been given ownership of the assets, effectively decapitalizing many of them. Even so, the privatization is unlikely to lead to a change in these pricing policies, and it may well lead the local governments to undertake actions that adversely affect the broader stabilization program.

Suggested Citation

  • J Alm & R M Buckley, 1994. "Decentralization, privatization, and the solvency of local governments in reforming economies: the case of Budapest," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 12(3), pages 333-346, June.
  • Handle: RePEc:pio:envirc:v:12:y:1994:i:3:p:333-346
    as

    Download full text from publisher

    File URL: http://www.envplan.com/abstract.cgi?id=c120333
    File Function: abstract
    Download Restriction: Fulltext access restricted to subscribers, see http://www.envplan.co.uk/C.html for details

    File URL: http://www.envplan.com/epc/fulltext/c12/c120333.pdf
    File Function: main text
    Download Restriction: Fulltext access restricted to subscribers, see http://www.envplan.co.uk/C.html for details

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ha T.T. Vu & Robert D. Ebel, 2014. "Rural Roads: Multi-Tier Monitoring of Infrastructure: Top Down and Bottom Up," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1415, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    2. Ernesto Crivelli, 2012. "Local governments’ fiscal balance and privatization in transition countries," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 20(4), pages 677-703, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pio:envirc:v:12:y:1994:i:3:p:333-346. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Neil Hammond). General contact details of provider: http://www.pion.co.uk .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.