Asia and Latin America: a fiscal comparison

Mitsuhiro Kagami ()

Brazilian Journal of Political Economy, 1990, vol. 10, issue 4, 503-519

Abstract: A comparison between East and Southeast Asian countries and Latin Americancountries is made with respect to public finance, Special emphasis is placed on a fiscalcomparison during the 1970s and the 1980s. Government deficits widened more in LatinAmerica than in Asia in the corresponding two periods. An unprecedent price hike in LatinAmerica is positively related to these large deficits. Remarkable increases in interest paymentsfor public debts during the 90s in Latin America narrowed the margin of fiscal policies.Therefore, some measures on debt relief. as well as fundamental tax reform are urgentlyneeded in Latin America. JEL Classification: H11; H50; H60.

Keywords: public sector funding; public spending (search for similar items in EconPapers)
Date: 1990
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