Inequality, Growth and Public Spending in Central, East and Southeast Europe

Mario Holzner

No 71, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: The paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we find a positive correlation with equity and a negative one with growth as several of the government expenditure items seem to act counter-cyclically. In the late 1990s and early 2000s the European integration process allowed most of the transition economies to aim for the best of both worlds equity and economic development.

Keywords: inequality; government expenditures; economic growth; transition (search for similar items in EconPapers)
JEL-codes: D63 H5 O4 P2 (search for similar items in EconPapers)
Pages: 15 pages including 3 Tables
Date: 2010-10
New Economics Papers: this item is included in nep-eec, nep-fdg, nep-ltv and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Inequality, growth and public spending in Central, East and Southeast Europe (2011)
Working Paper: Inequality, Growth and Public Spending in Central, East and Southeast Europe (2010)
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