New Evidence on Fiscal Adjustment and Growth in Transition Economies

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis New Evidence on Fiscal Adjustment and Growth in Transition Economies by : Alejandro Simone

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.

IMF Working Papers

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (842 download)

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Book Synopsis IMF Working Papers by : Alejandro Simone

Download or read book IMF Working Papers written by Alejandro Simone and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Adjustment in Transition Countries

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Publisher : International Monetary Fund
ISBN 13 : 1451845472
Total Pages : 23 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Fiscal Adjustment in Transition Countries by : MissCatriona Purfield

Download or read book Fiscal Adjustment in Transition Countries written by MissCatriona Purfield and published by International Monetary Fund. This book was released on 2003-02-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.

Fiscal Adjustment in Transition Countries

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Fiscal Adjustment in Transition Countries by : Catriona Purfield

Download or read book Fiscal Adjustment in Transition Countries written by Catriona Purfield and published by . This book was released on 2007 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger consolidations were more successful in addressing fiscal imbalances on a durable basis. Policies focusing on expenditure reductions were more successful than those relying on revenue increases. There is little evidence of expansionary fiscal contractions, but fiscal contractions did not have a significantly negative impact on growth either. Few fiscal stimuli succeeded in boosting growth.

Crisis, Stabilization and Growth

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Publisher : Springer Science & Business Media
ISBN 13 : 1461515734
Total Pages : 366 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Crisis, Stabilization and Growth by : Patrick J. Conway

Download or read book Crisis, Stabilization and Growth written by Patrick J. Conway and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of Figures. List of Tables. List of Symbols. List of Country Acronyms. Foreword and Acknowledgements. I. The Transition Economies. II. Saving, by Plan and in the Market. III. Considering the Competing Explanations of Transition in Inflation and Economic Growth. IV. The Inflationary Explosion Following Price Liberalization. V. The Crisis Years. VI. Directed Credits and Financial Repression in Belarus. VII. Stabilization in Transition Economies. VIII. Ukraine in the Stabilization Phase. IX. Georgia: from Crisis to Stabilization .. and Then? X. The Fallout of the Russian Financial C.

Fiscal Adjustments in Transition Economies

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Book Synopsis Fiscal Adjustments in Transition Economies by : Barbara Fakin

Download or read book Fiscal Adjustments in Transition Economies written by Barbara Fakin and published by World Bank Publications. This book was released on 1997 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Finance, Governance, and Growth in Transition Economies

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Public Finance, Governance, and Growth in Transition Economies by : Taras Pushak

Download or read book Public Finance, Governance, and Growth in Transition Economies written by Taras Pushak and published by . This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits the early empirical literature on economic growth in transition economies, with particular focus on fiscal policy variables-fiscal balance and the size of government. The baseline model uses a parsimonious specification, drawn from Fischer and Sahay (2000), of economic growth as a function of initial conditions, stabilization, liberalization, and structural reform. The paper expands the data used in previous analyses by up to 10 years and finds unambiguous evidence that fiscal balance matters for growth, while confirming other previous findings on the correlates of economic growth in transition economies. In addition, the paper extends the baseline model and explores potential sources of nonlinearities in the relationship between growth and public finance. A key finding is that determinants of growth may vary in relative importance, depending on the underlying institutional quality. The evidence indicates that there could be higher growth payoffs from macroeconomic stability and public expenditure in countries characterized by relatively better public sector governance as measured by relevant indicators. In addition, the size of government matters for growth in a nonlinear manner: Beyond indicative thresholds of expenditure levels, public spending has a negative impact, while at levels below the threshold, there is no measurable impact on economic growth.

From Transition to Market

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Publisher : International Monetary Fund
ISBN 13 : 145184722X
Total Pages : 37 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis From Transition to Market by : Mr.Stanley Fischer

Download or read book From Transition to Market written by Mr.Stanley Fischer and published by International Monetary Fund. This book was released on 1998-04-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A regression analysis explores the differences in output performance across the transition economies during this period. The paper then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential of the transition economies. It concludes that it should take about 20 years for the faster reformers to reach current OECD per capita levels.

Stabilization and Growth in Transition Economies

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Publisher : International Monetary Fund
ISBN 13 : 1451980043
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Stabilization and Growth in Transition Economies by : Mr.Stanley Fischer

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.

Financial System Development and Economic Growth in Transition Economies

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Financial System Development and Economic Growth in Transition Economies by : Laura Cojocaru

Download or read book Financial System Development and Economic Growth in Transition Economies written by Laura Cojocaru and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Policy and Long-Term Growth

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Publisher : International Monetary Fund
ISBN 13 : 1498344658
Total Pages : 257 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund

Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

Innovative Fiscal Policy and Economic Development in Transition Economies

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Author :
Publisher : Routledge
ISBN 13 : 1136833498
Total Pages : 327 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis Innovative Fiscal Policy and Economic Development in Transition Economies by : Aleksandr V Gevorkyan

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 327 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.

Fiscal Decentralization and Intergovernmental Relations in Transition Economies

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4./5 ( download)

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Book Synopsis Fiscal Decentralization and Intergovernmental Relations in Transition Economies by : Richard Miller Bird

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.

Fiscal Adjustment in IMF-Supported Programs

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Publisher : International Monetary Fund
ISBN 13 : 1589062744
Total Pages : 128 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Fiscal Adjustment in IMF-Supported Programs by : International Monetary Fund. Independent Evaluation Office

Download or read book Fiscal Adjustment in IMF-Supported Programs written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2003-11-17 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a cross-country sample of 169 IMF-supported programs and detailed studies of 15 programs, this evaluation report examines various aspects of fiscal adjustment in IMF-supported programs. It presents evidence that does not support some critics’ view that IMF-supported programs typically adopt a one-size-fits-all approach to fiscal adjustment, nor the perception that programs always involve austerity by targeting reductions in public spending. The report also proposes a number of recommendations for IMF surveillance and program design in the future.

Neo-Transitional Economics

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Publisher : Emerald Group Publishing
ISBN 13 : 1784416819
Total Pages : 396 pages
Book Rating : 4.7/5 (844 download)

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Book Synopsis Neo-Transitional Economics by : Yusaf H. Akbar

Download or read book Neo-Transitional Economics written by Yusaf H. Akbar and published by Emerald Group Publishing. This book was released on 2015-03-11 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neo-transitional economics is a policy-oriented collection of contemporary theoretical and empirical research studies on transition countries in the post-crisis paradigm. Topics covered range from monetary and financial economics to international trade and formation of a welfare state.

Fiscal Adjustment for Stability and Growth

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Publisher : International Monetary Fund
ISBN 13 : 9781589065130
Total Pages : 80 pages
Book Rating : 4.0/5 (651 download)

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Book Synopsis Fiscal Adjustment for Stability and Growth by : Mr.James Daniel

Download or read book Fiscal Adjustment for Stability and Growth written by Mr.James Daniel and published by International Monetary Fund. This book was released on 2006-08-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.

Government Size and Economic Growth in Transition Economies

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (643 download)

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Book Synopsis Government Size and Economic Growth in Transition Economies by : Battulga Sergelen

Download or read book Government Size and Economic Growth in Transition Economies written by Battulga Sergelen and published by . This book was released on 2007 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: