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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- de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "From plan to market : patterns of transition," Policy Research Working Paper Series 1564, The World Bank.
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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.
- Luca Barbone & Domenico J. Marchetti, 1995. "Transition and the Fiscal Crisis in Central Europe," CASE Network Studies and Analyses 0040, CASE-Center for Social and Economic Research.
- GÃ©rard BÃ©langer, 1994. "Eastern Europe; Factors Underlying the Weakening Performance of Tax Revenues," IMF Working Papers 94/104, International Monetary Fund.
- Sam Peltzman, 1980.
"The Growth of Government,"
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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