Fiscal Policy and Economic Growth : Lessons for Eastern Europe and Central Asia
This study explores public finance policies in the transition countries of Europe and Central Asia (ECA) and their likely effects on economic growth. The analysis is organized in three parts. Part one reviews public finance systems across the ECA r...
| Main Authors: | , , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/06/9850352/fiscal-policy-economic-growth-lessons-eastern-europe-central-asia http://hdl.handle.net/10986/6883 |
| Summary: | This study explores public finance
policies in the transition countries of Europe and Central
Asia (ECA) and their likely effects on economic growth. The
analysis is organized in three parts. Part one reviews
public finance systems across the ECA region with regard to
overall size, structure of expenditures and revenues, and
patterns of fiscal adjustment over time. It compares these
patterns and trends in ECA countries against those in
fast-growing economies in other regions, and it explores
possible relationships between these public finance
variables and rates of economic growth. Part two undertakes
detailed analysis of public expenditures policies in four
major areas: infrastructure, education, health, and
pensions. Part three turns to the revenue side of the budget
and looks in detail at two issues of particular importance
in current policy debates: the impact of flat income tax
reforms and the level and structure of taxes on labor. |
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