Public finances and economic transition

Luca Barbone and Hana Polackova
Authors registered in the RePEc Author Service: Hana Polackova Brixi

No 1585, Policy Research Working Paper Series from The World Bank

Abstract: The authors analyze developments in general government spending and revenues for 26 former social economies for 1989-94. The data show that, rather than uniformly converting to a"Western European"norm, these reforming economies have followed a variety of patterns. Whether a country drifts toward heavy government spending seems to depend on its success at general economic reform and especially at dealing with the pressures for social protection. The authors empirically investigate spending patterns and the sustainability of revenues required to cover current government spending. They conclude that fiscal accounts will surely remain under pressure in most transition economies in the foreseeable future. They suggest involving the private sector in rationalizing and providing social services.

Keywords: Economic Theory&Research; Public Sector Economics&Finance; Environmental Economics&Policies; Payment Systems&Infrastructure; Public&Municipal Finance; National Governance; Economic Theory&Research; Public Sector Economics&Finance; Environmental Economics&Policies; Urban Economics (search for similar items in EconPapers)
Date: 1996-03-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Working Paper: Public Finances and Economic Transition (1996)
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