An Analysis of Fiscal Policy and Economics Growth: The Case of Transition Economies
Based on a low level of elasticity of substitution between labour and capital in the transitional economies, this paper theoretically suggests how they should be able to reach a stable growth path after a period of rapid dynamic short-run movement. The paper places particular emphasis on the role of government fiscal policy in exploring this phenomenon.
|Date of creation:||2002|
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- Weitzman, Martin L, 1970.
"Soviet Postwar Economic Growth and Capital-Labor Substitution,"
American Economic Review,
American Economic Association, vol. 60(4), pages 676-692, September.
- Martin L. Weitzman, 1968. "Soviet Postwar Economic Growth and Capital Labor Substitution," Cowles Foundation Discussion Papers 256, Cowles Foundation for Research in Economics, Yale University.
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