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Fiscal policy making in the new EU post-communist countries

Author

Listed:
  • Ileana Tache

    (Universidad de Transilvania de Brasov (Rumania))

  • Gheorghita Dinca

    (Universidad de Transilvania de Brasov (Rumania))

  • Melinda Keul

    (Universidad de Transilvania de Brasov (Rumania))

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.

Suggested Citation

  • Ileana Tache & Gheorghita Dinca & Melinda Keul, 2008. "Fiscal policy making in the new EU post-communist countries," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 69(03), pages 80-107.
  • Handle: RePEc:ekz:ekonoz:2008307
    as

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    References listed on IDEAS

    as
    1. J. Stiglitz, 1999. "Whither Reform? Ten Years of the Transition," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    2. 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.
    3. 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.
    4. Ondrej Schneider & Jan Zapal, 2006. "Fiscal Policy in New EU Member States: Go East, Prudent Man!," Post-Communist Economies, Taylor & Francis Journals, vol. 18(2), pages 139-166.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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