The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets
探讨软预算约束对东亚经济表现的影响，质疑“东亚奇迹”的传统解释，适合关注东亚经济增长机制和宏观政策的学者。
The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets by Chong-En Bai and Yijiang Wang. Published in volume 89, issue 2, pages 432-437 of American Economic Review, May 1999