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Fiscal policy making in the new EU post-communist countries

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Author Info

  • Ileana Tache

    (Universidad de Transilvania de Brasov (Rumania))

  • Gheorghita Dinca

    (Universidad de Transilvania de Brasov (Rumania))

  • Melinda Keul

    (Universidad de Transilvania de Brasov (Rumania))

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    Abstract

    This article provides an overview of the main models of fiscal policy followed by the former communist countries, which today belong to the European Union. After a detailed analysis of the structure of revenues and expenses made by each of these states, the article reviews its compliance with the conditions required by the Stability and Growth Pact and the challenge faced by former members regarding the low tax income of new members.

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    File URL: http://www1.euskadi.net/ekonomiaz/downloadPDF.apl?REG=942
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    Bibliographic Info

    Article provided by Gobierno Vasco / Eusko Jaurlaritza / Basque Government in its journal EKONOMIAZ.

    Volume (Year): 69 (2008)
    Issue (Month): 03 ()
    Pages: 80-107

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    Handle: RePEc:ekz:ekonoz:2008307

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    Postal: Dpto. de Economía y Hacienda, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain
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    Related research

    Keywords: European fiscal policy; budget deficit; public debt; former communist countries;

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    References

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    1. J. Stiglitz, 1999. "Whither Reform? Ten Years of the Transition," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    2. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
    3. Ondrej Schneider & Jan Zápal, 2005. "Fiscal Policy in New EU Member States – Go East, Prudent Man!," CESifo Working Paper Series 1486, CESifo Group Munich.
    4. Jihe Song & Shumei Gao, 2000. "A Model of Budget Constraint and Enterprise Restructuring," CERT Discussion Papers 0001, Centre for Economic Reform and Transformation, Heriot Watt University.
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