Inequality, Growth and Public Spending in Central, East and Southeast Europe
AbstractThe paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we find a positive correlation with equity and a negative one with growth as several of the government expenditure items seem to act counter-cyclically. In the late 1990s and early 2000s the European integration process allowed most of the transition economies to aim for the best of both worlds equity and economic development.
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Bibliographic InfoPaper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Working Papers with number 71.
Length: 15 pages including 3 Tables
Date of creation: Oct 2010
Date of revision:
Publication status: Published as wiiw Working Paper
Other versions of this item:
- Mario Holzner, 2011. "Inequality, growth and public spending in Central, East and Southeast Europe," Working Papers 221, ECINEQ, Society for the Study of Economic Inequality.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- H5 - Public Economics - - National Government Expenditures and Related Policies
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- P2 - Economic Systems - - Socialist Systems and Transition Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-13 (All new papers)
- NEP-EEC-2010-11-13 (European Economics)
- NEP-FDG-2010-11-13 (Financial Development & Growth)
- NEP-LTV-2010-11-13 (Unemployment, Inequality & Poverty)
- NEP-TRA-2010-11-13 (Transition Economics)
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