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The State of Public Finances in Post-socialist, Central European Economies: a Comparison with the European Union Countries

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  • Urszula Kosterna

Abstract

On December 16, 1991 Poland signed an Association Agreement with the European Communities which came into force on February 1, 1994. The remaining countries of the Wyshegrad Group (Hungary, and the Czech and Slovak Republics) also signed such agreements with the European Union. It is interesting, both from the perspective of these countries' potential membership in the European Union, as well as the necessity of creating fiscal systems complying with market economy requirements, to compare the budgetary position of these countries with the state of public finances in the Community's countries.

Suggested Citation

  • Urszula Kosterna, 1996. "The State of Public Finances in Post-socialist, Central European Economies: a Comparison with the European Union Countries," CASE Network Studies and Analyses 0076, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0076
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    References listed on IDEAS

    as
    1. Barbone, Luca & Marchetti, Domenico Jr. & DEC, 1994. "Economic transformation and the fiscal crisis : a critical look at the Central European experience of the 1990s," Policy Research Working Paper Series 1286, The World Bank.
    2. Patrice Muller & Robert Price, 1984. "Structural Budget Deficits and Fiscal Stance," OECD Economics Department Working Papers 15, OECD Publishing.
    3. Andrzej Bratkowski & Malgorzata Antczak & Marek Dabrowski & Marcin Luczynski & Krzysztof Polomski, 1995. "Fiscal Policy in Poland under Transition," CASE Network Studies and Analyses 0049, CASE-Center for Social and Economic Research.
    4. Jean-Claude Chouraqui, 1988. "Public Sector Deficits in OECD Countries: Causes, Consequences and Policy Reaction," Palgrave Macmillan Books, in: Henry Cavanna (ed.), Public Sector Deficits in OECD Countries, chapter 1, pages 1-40, Palgrave Macmillan.
    5. Buiter, Willem H., 1977. "`Crowding out' and the effectiveness of fiscal policy," Journal of Public Economics, Elsevier, vol. 7(3), pages 309-328, June.
    6. Stefan Adamec, 1995. "Fiscal Policy in the Slovak Republic," CASE Network Studies and Analyses 0043, CASE-Center for Social and Economic Research.
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