Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2007 | nr 7 | 7--28
Tytuł artykułu

The quality of fiscal adjustments in transition economies

Warianty tytułu
Jakość dostosowań fiskalnych w krajach przechodzących transformację ustrojową
Języki publikacji
An analysis of fiscal adjustment patterns in Central and Eastern Europe and Central Asia is conducted here, including recent years. The main question addressed in the article is whether sustainable fiscal adjustment has been achieved primarily through downsizing potentially less productive public expenditure, or possibly at the expense of potentially growth-promoting expenditure. In addition, the article also addresses a related issue of whether fiscal policy has been managed in a sufficiently counter-cyclical way in the countries in question. (original abstract)
Artykuł przedstawia analizę epizodów zacieśnienia polityki fiskalnej w krajach Europy środkowo-Wschodniej i Azji Centralnej. Artykuł odpowiada na pytanie, czy trwałe dostosowania fiskalne były dokonywane głównie poprzez ograniczanie potencjalnie mniej produktywnych wydatków publicznych, czy też kosztem wydatków potencjalnie prorozwojowych. Analizowane jest również dodatkowe zagadnienie charakteru polityki fiskalnej w odniesieniu do cyklu koniunkturalnego. (abstrakt oryginalny)
Opis fizyczny
  • Afonso A., Schuknecht L., Tanzi V. (2003), Public sector efficiency: an Internationa] comparison, "Working Paper", No. 242, ECB, Frankfurt.
  • Afonso A., Schuknecht L., Tanzi V. (2006), Public sector efficiency: evidence for new EU member states and emerging markets, "Working Paper", No. 581, ECB, Frankfurt
  • Aizeman J., Click R. (2003), Military expenditure, threats, and growth, "Working Paper", No. 2003-08, Federal Reserve Bank of San Francisco, San Francisco.
  • Alesina A., Ardagna S., Perotti R., Schiantarelli E (1999), Fiscal Policy, Profits, and Investment, "Working Paper", No, 7207, NBER, Cambridge.
  • Alesina A., Ardagna S. [1998), Tales of fiscal adjustment, "Economic Policy: A European Forum", Vol. 27, October, pp. 487-546.
  • Alesina A., Perotti R. (1996), Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects, "NBER Working Paper", No. 5730, NBER, Cambridge.
  • Alesina A., Perotti R., Tavares J. (1998), The Political Economy of Fiscal Adjustments, "Brookings Papers on Economic Activity", No. 1, pp. 197-266
  • Aschauer D. A.(1989a), Is Public Expenditure Productive?, "Journal of Monetary Economics", Vol. 23, No. 2, pp.177-200.
  • Aschauer D.A. (1989b), Public Investment and Productivity Growth in the Group of Seven, "Economic Perspectives", Vol. 13. No. 5, pp. 17-25.
  • Aschauer D.A. (1989c), Does Public Capital Crowd out Private Capital?, "Journal of Monetary Economics", Vol. 24, No. 2, pp. 171-188.
  • Aschauer D.A. (1998), How Big Should the Public Capital Stock Be? The Relationship Between Public Capital and Economic Growth, "Public Policy Brief", Vol. 43, The Jerome Levy Economics Institut of Bard College, Blithewood.
  • Aschauer D.A. (2000a), Public capital and economic growth: issues of quantity, finance, and efficiency, "Economic Development and Cultural Change", Vol. 48, No, 2, pp. 391-406.
  • Aschauer D.A. (2000b), Do states optimize? Public capital and economic growth, "The Annals of Regional Science", Vol. 34, No. 3, pp. 343-363.
  • Baffes J., Shah A. (1998), Productivity of Public Spending, Sectoral Allocation Choices, and Economic Growth, "Economic Development and Cultural Change", Vol. 46, No. 2, pp. 291-303.
  • Balcerowicz L. (1995), Wolność i rozwój: ekonomia wolnego rynku, Wydawnictwo Znak, Kraków.
  • Balcerowicz L. (2003], Toward a Limited State, "Distinguished Lectures", World Bank, Washington, D.C.
  • Baldacci E., Clemens B., Gupta S., Cui Q. (2004), Social spending, human capital, and growth in developing countries: Implications for achieving MDGs. "Working Paper", No. 04/217, IMF, Washington, D.C.
  • Barro R.J. (1979), On the determination of the public debt, "Journal of Political Economy", Vol. 87, No. 1, Part 1, pp. 940-971.
  • Barro R.J. (1991), Economic growth in cross section of countries, "Quarterly Journal of Economics", Vol. 106, No. 2, pp.407-443.
  • Barro R.J., Lee J.W. (1993), Losers and Winners in Economic Growth, "Proceedings of the World Bank Annual Conference on Development Economics", pp. 267-314.
  • Blanchard O.J. (1990), Comment on Giavazzi and Pagano, "NBER Macroeconomics Annual 1990", NBER, Cambridge.
  • Dar A.A., Amirkhalkhali S. (2002], Government size, factor accumulation, and economic growth: evidence from OECD countries, "Journal of Policy Modelling", Vol. 24, No. 7-8, pp. 679-692.
  • DeLong B.J. (2000), The Triumph (?) of Monetarism, "Journal of Economic Perspectives", Vol. 14, No. 1, pp. 83-94.
  • Easterly W., Rebelo S. (1993), Fiscal Policy and Economic Growth: An Empirical Investigation, "Working Paper", No. 4499, NBER, Cambridge.
  • Easterly W., Serven L., Calderon C. (2003], The limit of stabilization: infrastructure, public deficits, and Growth in Latin America, Stanford University Press, World Bank, Washington D.C.
  • Edwards S. (1989), Real exchange rates, devaluations and adjustment, MIT Press, Cambridge.
  • Elmendorf D. W, Mankiw G. N. (1998), Government debt, "Working Paper", No. 6470, NBER, Cambridge.
  • Fischer S. (1991), Growth, Macroeconomics, and Development, "Working Paper", No. 3702, NBER, Cambridge.
  • Folster S., Henrekson M. (1998), Growth Effects of Government Expenditure and Taxation in Rich Countries, "Working Paper", No. 503, Industrial Institute for Economic and Social Research, Stockholm.
  • Giavazzi F., Jappelli T., Pagano M. (2000), Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries, "Working Paper", No. 7460, NBER, Cambridge.
  • Giavazzi F., Pagano M. (1990), Con Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries, "NBER Macroeconomics Annual 1990", NBER, Cambridge.
  • Gupta S,, Clements B., Baldacci E., Mulas-Granados C. (2002), Expenditure composition, fiscal adjustment, and growth in low-income countries, "Working Paper", No. 02/77, April.
  • Guseh J.S. (1997), Government size and economic growth in developing countries: a political-economy framework, "Journal of Macroeconomics", Vol. 19, No. 1, pp. 175-192.
  • Gyimah-Brempong K. (2004), Wilson M., Health, human capital and economic growth in Sub-Saharan African and OECD Countries, "Quarterly Review of Economics and Finance", Vol. 44.
  • Heitger B. (2001), The scope of government and its impact on economic growth in OECD countries, "Working Paper", No. 1034, Kiel Institute of World Economics, Kiel.
  • Heller P.S. (2005), Understanding fiscal space, "Policy Discussion Paper", No. 05/4, IMF, Washington, D.C.
  • Hulten Ch.R. (1996), Infrastructure Capital and Economic Growth: How Well You Use It May Be More Important Than How Much You Have, "Working Paper", No. 5847, NBER, Cambridge.
  • Jaumotte E, Pain N. (2005), An overview of public policies to support innovation, "Working Paper", No. 456, OECD Economics Department, Paris.
  • Keefer P., Knack S. (1995), Institutions, and economic performance: cross-country tests using alternative institutional measures, "Economics and Politics", Vol. 7, November, pp. 207-227.
  • Krueger A.O. (1990), Government failures in development, "Working Paper", No. 3340, NBER, Cambridge.
  • Krueger A.O. (1974), The political economy of rent seeking society, 'American Economic Review", Vol. 64, No. 3, pp. 291-30.
  • Landau D. (1996), Is one of the 'peace dividends' negative? Military expenditure and economic growth in the wealthy OECD countries, "Quarterly Review of Economics and Finance", Vol. 36, No. 2, pp. 183-196.
  • Lane P.R., Perotti R. (2001), The Importance of Composition of Fiscal Policy: Evidence from Different Exchange Rate Regimes, "Working Paper", No. 2001/11, Trinity College Dublin Economics Department, Dublin.
  • Lucas R.E. Jr. (2003), Macroeconomic Priorities, "The American Economic Review", Vol. 93, No. 1. March, pp. 1-14.
  • McDermott J.C., Wescott R.E (1996), An Empirical Analysis of Fiscal Adjustments, "Staff Papers", Vol. 43, No. 4, International Monetary Fund, Washington D.C., December.
  • Miller N.J., Tsoukis Ch. (2001), On the Optimality of Public Capital for Long-Run Economic Growth: Evidence from Panel Data, "Applied Economics", Vol. 33, No. 9, pp. 1117-29.
  • Piancastelli M. (2001), Measuring the tax effort of developed and developing countries: cross country panel data analysis - 1985/95, "Working Paper", No. 818, Institute for Applied Economic Research, Rio de Janeiro.
  • Prescott E.G. (1986), Theory Ahead of Business Cycle Measurement, "Federal Reserve Bank of Minneapolis Quarterly Review", Fall, pp. 9-22.
  • Pritchett L. (2000), The Tyranny of Concepts: CUDIE (Cumulated, Depreciated Investment Effort) Is Not Capital, "Policy Research Working Paper", No. 2341, World Bank, Washington, D.C.
  • Purfield C. (2003), Fiscal adjustment in transition countries: Evidence from the 1990s, "Working Paper". No. 03/36, IMF, Washington, D.C.
  • Ramirez A., Ranis G., Stewart E (2000), Economic growth and human development, "World Development", Vol. 28, No. 2, pp. 197-219.
  • Rauch J.E., Evans RB. (2000), Bureaucratic structure and bureaucratic performance in less developed countries, "Journal of Public Economics", Vol. 75, No. 1, pp. 49-71.
  • Rzońca A., Ciżkowicz P. (2005), Non-Keynesian effects of fiscal contraction in New Member States, "Working Paper", No. 519, ECB, Frankfurt.
  • Sala-i-Martin X. (1997), I Just Ran Two Million Regressions, "American Economic Association Papers and Proceedings", Vol. 87, No. 2, pp. 178-183.
  • Sutherland A. (1995), Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy, "Discussion Paper", No. 1246, CEPR, London.
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.