Public finances and economic transition
The authors analyze developments in general government spending and revenues for 26 former social economies for 1989-94. The data show that, rather than uniformly converting to a"Western European"norm, these reforming economies have followed a variety of patterns. Whether a country drifts toward heavy government spending seems to depend on its success at general economic reform and especially at dealing with the pressures for social protection. The authors empirically investigate spending patterns and the sustainability of revenues required to cover current government spending. They conclude that fiscal accounts will surely remain under pressure in most transition economies in the foreseeable future. They suggest involving the private sector in rationalizing and providing social services.
|Date of creation:||31 Mar 1996|
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- Luca Barbone & Domenico Marchetti, 1995.
"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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- repec:nbr:nberbk:peac61-1 is not listed on IDEAS
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"The Growth of Government,"
Journal of Law and Economics,
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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.
- Brennan,Geoffrey & Buchanan,James M., 1980.
"The Power to Tax,"
Cambridge University Press, number 9780521233293, 1.
- Krumm, Kathie & Milanovic, Branko & Walton, Michael, 1994. "Transfers and the transition from socialism : key tradeoffs," Policy Research Working Paper Series 1380, The World Bank.
- Vito Tanzi, 1993. "Fiscal Policy and the Economic Restructuring of Economies in Transition," IMF Working Papers 93/22, International Monetary Fund.
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