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New Evidence on Fiscal Adjustment and Growth in Transition Economies

Sanjeev Gupta, Alejandro Simone and Alex Segura-Ubiergo ()

No 06/244, IMF Working Papers from International Monetary Fund

Abstract: This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment and growth that is robust to different model specifications and estimation methods. The paper also presents country experiences to delve deeper into the mechanisms that may underlie this statistical relationship.

Keywords: Economic stabilization; Fiscal adjustment; Adjustment process; Economic growth; Fiscal policy; Transition economies; growth, fiscal balance, transition countries, Multiple or Simultaneous Equation Models: Models with Panel Data, Structure, Scope, and Performance of Government, National Budget, Deficit, and Debt: General, (search for similar items in EconPapers)
Pages: 33
Date: 2006-10-01
New Economics Papers: this item is included in nep-mac, nep-pbe and nep-tra
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Journal Article: New Evidence on Fiscal Adjustment and Growth in Transition Economies (2010) Downloads
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