Inequality, Growth and Public Spending in Central, East and Southeast Europe
The paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we find a positive correlation with equity and a negative one with growth as several of the government expenditure items seem to act counter-cyclically. In the late 1990s and early 2000s the European integration process allowed most of the transition economies to aim for the best of both worlds equity and economic development.
|Length:||15 pages including 3 Tables|
|Date of creation:||Oct 2010|
|Publication status:||Published as wiiw Working Paper|
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