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Author : Jukka Pirttilä
Publisher :
ISBN 13 : 9789516869257
Total Pages : 0 pages
Book Rating : 4.8/5 (692 download)
Download or read book Fiscal Policy and Structural Reforms in Transition Economies written by Jukka Pirttilä and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jukka Pirttila
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Fiscal Policy and Structural Reforms in Transition Economies written by Jukka Pirttila and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an empirical examination of the relationship between fiscal balance and structural reforms using panel data from 25 transition economies. The results indicate that privatization and restructuring, via unemployment, affect the fiscal balance negatively. This finding provides support for ideas in theoretical transition economics that maintain that fiscal pressures are most severe in fast-reforming countries. In contrast, price liberalization has a robust positive impact on fiscal performance. In addition, the results differ somewhat over different countries and transition time.
Author : Aleksandr V Gevorkyan
Publisher : Routledge
ISBN 13 : 1136833501
Total Pages : 284 pages
Book Rating : 4.1/5 (368 download)
Download or read book Innovative Fiscal Policy and Economic Development in Transition Economies written by Aleksandr V Gevorkyan and published by Routledge. This book was released on 2013-07-03 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the problems of fiscal policy as an instrument of economic and social development in the modern environment, primarily focusing on the transition economies of Eastern Europe, Caucasus, and Central Asia. Evaluating the transformational experience in these countries, this work meets a need for a critical analysis in the aftermath of the 1990s market liberalization reforms, of current trends and to outline the roadmap for future development.
Author : Jukka Pirttilä
Publisher :
ISBN 13 : 9789516869257
Total Pages : 40 pages
Book Rating : 4.8/5 (692 download)
Download or read book Fiscal Policy and Structural Reforms in Transition Economies written by Jukka Pirttilä and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper makes an empirical examination of the relationship between fiscal balance and structural reforms using panel data from 25 transition economies. The results indicate that price liberalisation has a positive impact on fiscal performance, while privatisation and restructuring, via unemployment, affect the fiscal balance negatively. These findings are somewhat in contrast with earlier empirical work and theoretical transition economics that maintain fiscal pressures are most severe in fast-reforming countries. The analysis further suggests that countries with better fiscal positions may have benefited from favourable initial conditions. Published in: Economics of Transition vol 9, no 1 (2001) pp. 29-52, ISSN 0967-0750.
Author : Mr.Hamid Reza Davoodi
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451855371
Total Pages : 0 pages
Book Rating : 4.8/5 (553 download)
Download or read book Corruption, Structural Reforms, and Economic Performance in the Transition Economies written by Mr.Hamid Reza Davoodi and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-07-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that provides deeper insights into economic performance than do measures of “perceived corruption.” The hypothesis is tested by assessing the relative importance of structural reforms vs. corruption in explaining macroeconomic performance in the transition economies. The paper finds that for four widely used measures of economic performance—growth, inflation, the fiscal balance, and foreign direct investment—structural reforms tend to dominate the corruption variable.
Author : Mr.Stanley Fischer
Publisher : International Monetary Fund
ISBN 13 : 1451980043
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)
Download or read book Stabilization and Growth in Transition Economies written by Mr.Stanley Fischer and published by International Monetary Fund. This book was released on 1996-04-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of inflation and growth illustrates the key roles of fixed exchange rates, improved fiscal balances, and structural reforms in spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even after controlling for structural reforms.
Author : Mario I. Blejer
Publisher : Routledge
ISBN 13 : 1134775296
Total Pages : 324 pages
Book Rating : 4.1/5 (347 download)
Download or read book Fiscal Policy and Economic Reforms written by Mario I. Blejer and published by Routledge. This book was released on 2002-09-11 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Macroeconomic Dimensions of Public Finance, this is the second volume of essays in honour of Vito Tanzi. It focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formally communist countries. Issues analyzed include: * the role of fiscal and budgetary policies in the process of reform * the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity * the paradox of post-socialism and post-dirigisme that an efficient and harmonic move to a decontrolled, liberal market economy involves active state intervention * the methodological aspects relating to the proper assessment of fiscal policy mechanisms. This collection of essays contributes to the understanding of the channels and transmissions mechanisms of fiscal policies in the context of major economic reforms.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498344100
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)
Download or read book Structural Reforms and Macroeconomic Performance - Country Cases written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-14 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial Surveillance Review toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues. The paper builds on the already considerable analytical work underway across the Fund, setting out considerations to support a more strategic approach going forward.
Author : Mr.Vito Tanzi
Publisher : International Monetary Fund
ISBN 13 : 1451921209
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)
Download or read book Fiscal Policy and the Economic Restructuring of Economies in Transition written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1993-03-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses major fiscal issues faced by the previously centrally planned economies in their transition to market economies. It focuses on three main topics: (a) the extent to which the budget deficit should be a guide to policy; (b) the reforms that must be carried out in tax legislation and tax administration; and (c) the required changes in public expenditure and in the setting up of institutions to manage public spending.
Author : Mr.Vito Tanzi
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451853698
Total Pages : 0 pages
Book Rating : 4.8/5 (536 download)
Download or read book Fiscal Reform Over Ten Years of Transition written by Mr.Vito Tanzi and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-06-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes fiscal reforms in transition economies during the decade leading up to 1998. The paper argues that macroeconomic stabilization, price liberalization and privatization—the core reforms visualized by the shock therapy approach—are necessary but not sufficient conditions for a complete transition to a market economy. Further deep changes—such as the creation of new fiscal institutions, changes in incentives and processes, and changes in the role of government—are needed.
Author : Angana Banerji
Publisher : International Monetary Fund
ISBN 13 : 1475583974
Total Pages : 120 pages
Book Rating : 4.4/5 (755 download)
Download or read book Labor and Product Market Reforms in Advanced Economies written by Angana Banerji and published by International Monetary Fund. This book was released on 2017-03-13 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product and labor market reforms are needed to lift persistently sluggish growth in advanced economies. But reforms have progressed slowly because of concerns about their distributive and short-term economic effects. Our analysis, based on new empirical and numerical analysis and country case-studies shows that most labor and product market reforms can improve public debt dynamics over the medium-term. This because reforms raise output by boosting employment and/or labor productivity. But the effect of some labor market reforms on budgetary outcomes and fiscal sustainability depends critically on business cycle conditions. Our evidence also suggests that some temporary and well-designed up-front fiscal stimulus can help enhance the economic impact of reforms. In the past, countries have used fiscal incentives in the past to facilitate reforms by alleviating transition and social costs. But strong ownership of reforms was crucial for their successful implementation.
Author : Gerard Turley
Publisher : Routledge
ISBN 13 : 1136909087
Total Pages : 506 pages
Book Rating : 4.1/5 (369 download)
Download or read book Transition Economics written by Gerard Turley and published by Routledge. This book was released on 2012-07-26 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.
Author : Richard Miller Bird
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4./5 ( download)
Download or read book Fiscal Decentralization and Intergovernmental Relations in Transition Economies written by Richard Miller Bird and published by World Bank Publications. This book was released on 1993 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designing a well-functioning intergovernmenal fiscal system is essential to the success of all the transitional economies' major reform goals: privatization, macroeconomic stability, more efficient performance and economic growth, and an adequate social safety net.
Author : Jack Diamond
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Budget System Reform in Transitional Economies written by Jack Diamond and published by International Monetary Fund. This book was released on 2002-02 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper stresses the role of budget system reform in economies in transition as an essential basis for the implementation of effective fiscal policies. However, introducing such structural reforms in often unstable economic environments has not proved easy. Using Russia as a case study, the magnitude of the problems faced is documented, and the strategy of reform eventually adopted is critically reviewed. In conclusion, some lessons are drawn for other transitional countries undertaking similar reforms, and the future agenda for completing these reforms in Russia is indicated.
Author : Alejandro Simone
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)
Download or read book New Evidence on Fiscal Adjustment and Growth in Transition Economies written by Alejandro Simone and published by International Monetary Fund. This book was released on 2006-10 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment and growth that is robust to different model specifications and estimation methods. The paper also presents country experiences to delve deeper into the mechanisms that may underlie this statistical relationship.
Author : Egor Timurovich Gaĭdar
Publisher : MIT Press
ISBN 13 : 9780262072199
Total Pages : 1066 pages
Book Rating : 4.0/5 (721 download)
Download or read book The Economics of Transition written by Egor Timurovich Gaĭdar and published by MIT Press. This book was released on 2003 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform.
Author : Mr.Santiago Acosta Ormaechea
Publisher : International Monetary Fund
ISBN 13 : 1484306988
Total Pages : 46 pages
Book Rating : 4.4/5 (843 download)
Download or read book Fiscal Reforms, Long-term Growth and Income Inequality written by Mr.Santiago Acosta Ormaechea and published by International Monetary Fund. This book was released on 2017-06-30 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform countries the annual growth rate of real GDP was on average about 1 percentage point above their synthetic units 10 years after each respective reform. Moreover, countries which were initially less developed seemed to experience a larger growth impact after their reforms. Results are broadly robust to controlling for structural reforms on business regulation, financial market, labor market, and legal and product markets, which may also affect growth. Our findings also suggest that inequality is not affected by the growth-friendly fiscal reforms analyzed in this paper.
