Public Finance, Governance, and Growth in Transition Economies : Empirical Evidence from 1992-2004

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 f...

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Bibliographic Details
Main Authors:	Pushak, Taras, Tiongson, Erwin R., Varoudakis, Aristomene
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ADVERSE EFFECTS ALLOCATION ALLOCATION OF RESOURCES ANNUAL GROWTH ANNUAL GROWTH RATE BRIBES BUDGET CONSTRAINT BUREAUCRACY BUSINESS ENVIRONMENT CAPITAL EXPENDITURE CAPITAL STOCK CAUSAL EFFECT CONSENSUS DATA ANALYSIS DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DIRECT INVESTMENT ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC OUTLOOK EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EMPIRICAL MODELS EMPIRICAL STUDIES EMPIRICAL WORK EXPENDITURE LEVELS EXPENDITURE POLICIES EXPENDITURE PROGRAMS FISCAL ADJUSTMENT FISCAL ADJUSTMENTS FISCAL BALANCE FISCAL CONSOLIDATION FISCAL DATA FISCAL DEFICITS FISCAL IMBALANCES FISCAL POLICY FISCAL POSITION FISCAL STABILITY FIXED EFFECTS FIXED EFFECTS ESTIMATOR FOREIGN DIRECT INVESTMENT GOOD GOVERNANCE GOVERNANCE INDICATOR GOVERNANCE INDICATORS GOVERNANCE QUALITY GOVERNMENT CAPITAL GOVERNMENT CONSUMPTION GOVERNMENT EFFECTIVENESS GOVERNMENT EXPENDITURE GOVERNMENT EXPENDITURES GOVERNMENT PROGRAMS GOVERNMENT SIZE GOVERNMENT SPENDING GROWTH EQUATION GROWTH LITERATURE GROWTH MODEL GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH REGRESSION GROWTH REGRESSIONS HEALTH CARE HIGH TAXES HUMAN CAPITAL INCOME INCOME LEVELS INDEPENDENT VARIABLES INDIRECT APPROACH INFLATION INSTITUTIONAL QUALITY INVESTMENT CLIMATE LABOR FORCE LONG TERM LONG-RUN GROWTH LONG-TERM GROWTH LOW-INCOME COUNTRIES MACROECONOMIC INSTABILITY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARGINAL BENEFIT MARGINAL BENEFIT OF EXPENDITURE MARGINAL BENEFITS MARGINAL COST MARGINAL COST OF TAXATION MARGINAL EFFECT MARKET ECONOMY MARKET FAILURE MEMBER STATES NATIONAL AUTHORITIES NEGATIVE IMPACT NET INVESTMENT PER CAPITA GROWTH PER CAPITA INCOME POLICY AGENDA POLICY REFORM POLICY RESEARCH POLICY VARIABLES POLITICAL DYNAMICS POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PROGRAM DESIGN PUBLIC CAPITAL PUBLIC CONSUMPTION PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING REFORM PROCESS REFORM PROGRAMS RELATIVE IMPORTANCE RESOURCE MANAGEMENT SECTOR ACTIVITIES SERVICE DELIVERY SIGNIFICANT EFFECT SIGNIFICANT EVIDENCE SIZE OF GOVERNMENT SOCIAL SECURITY SOCIAL SPENDING STRUCTURAL BREAK STRUCTURAL REFORM STRUCTURAL REFORMS TAX ADMINISTRATION TAX BURDEN TAX POLICY TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL SAMPLE TRANSITION ECONOMIES UNCERTAINTY
Online Access:	http://documents.worldbank.org/curated/en/2007/06/7726702/public-finance-governance-growth-transition-economies-empirical-evidence-1992-2004 http://hdl.handle.net/10986/7415

Internet

http://documents.worldbank.org/curated/en/2007/06/7726702/public-finance-governance-growth-transition-economies-empirical-evidence-1992-2004
http://hdl.handle.net/10986/7415

Public Finance, Governance, and Growth in Transition Economies : Empirical Evidence from 1992-2004

Internet

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