An Analysis of Fiscal Policy and Economics Growth: The Case of Transition Economies

Minsoo Lee and MoonJoong Tcha
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MoonJoong Tcha: Department of Economics, The University of Western Australia

No 02-12, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: Based on a low level of elasticity of substitution between labour and capital in the transitional economies, this paper theoretically suggests how they should be able to reach a stable growth path after a period of rapid dynamic short-run movement. The paper places particular emphasis on the role of government fiscal policy in exploring this phenomenon.

Keywords: The transition economies; capital accumulation; budget deficit; tax rate (search for similar items in EconPapers)
JEL-codes: E62 O40 O50 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2002
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