Public Finances and Economic Transition
This paper analyzes developments in general government expenditures and revenues for 26 reforming ex-socialist economies (RESEs) over the period 1989-1994. The data indicate that, rather than uniformly converging to a “Western European” norm, RESEs have followed a variety of patterns, depending on how successful they have been in economic reform in general and in tackling the increase in the demand for social protection in particular. The paper conducts an empirical investigation of spending patterns and the sustainability of revenues required to maintain current government spending, and concludes that there are strong indications that the fiscal accounts will remain under pressure in a number of RESEs in the foreseeable future.
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"Transition and the fiscal crisis in Central Europe,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 3(1), pages 59-74, 03.
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University of Chicago - George G. Stigler Center for Study of Economy and State
1, Chicago - Center for Study of Economy and State.
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- Alan T. Peacock & Jack Wiseman, 1961. "The Growth of Public Expenditure in the United Kingdom," NBER Books, National Bureau of Economic Research, Inc, number peac61-1.
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