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The Theoretical Substantiation Of Certain Political, Institutional And Social Bottlenecks That Increase Budget Deficits

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  • Svetlana DODON

    (PhD Student, NIER)

Abstract

This article highlights the political, institutional and social causes of rising of current deficits. But first of all will be presented uniform tax theory and methods of its application. Importance of budgetary balance is as never obvious in special now so it is particularly important to highlight factors that hinder its performance and lead to deficits. Below are listed just some of political, institutional and social aspects that contribute to rising of deficits.

Suggested Citation

  • Svetlana DODON, 2014. "The Theoretical Substantiation Of Certain Political, Institutional And Social Bottlenecks That Increase Budget Deficits," Economy and Sociology, The Journal Economy and Sociology, issue 2, pages 145-156.
    • Handle: RePEc:aat:journl:y:2014:i:2:p:145-156
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    References listed on IDEAS

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    1. Lucas, Robert Jr. & Stokey, Nancy L., 1983. "Optimal fiscal and monetary policy in an economy without capital," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 55-93.
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    3. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
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