Aristovnik, Aleksander and Berčič, Boštjan (2007): Fiscal Sustainability in Selected Transition Countries. Published in: Journal of Economics , Vol. 55, No. 7 (2007): pp. 659-675.
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In the article, we review recent literature on fiscal sustainability with particular reference to problems that are specific to transition countries. While the original literature on fiscal sustainability is chiefly focused on industrial countries there are by now few works that have focused on fiscal sustainability in transition countries. Consequently, the article’s purpose is to assess the short-, medium- and long-term sustainability of fiscal policy (under set assumptions) on the national level in the great majority of transition countries which we divide into three main groups, i.e. Central and Eastern Europe (CEE), Southern and Eastern Europe (SEE) and the Commonwealth of Independent States (CIS). Based on simple mainstream theory measures of fiscal sustainability, the results indicate that fiscal sustainability seems to be a problem in many transition countries, particularly in CEE (e.g. Czech Republic, Hungary, and Poland) and the SEE region (e.g. Albania and Croatia).
|Item Type:||MPRA Paper|
|Institution:||University of Ljubljana, Faculty of Administration, Slovenia|
|Original Title:||Fiscal Sustainability in Selected Transition Countries|
|Keywords:||transition; public sector; fiscal policy; sustainability; forecasting|
|Subjects:||E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E17 - Forecasting and Simulation: Models and Applications
H - Public Economics > H6 - National Budget, Deficit, and Debt > H62 - Deficit; Surplus
H - Public Economics > H0 - General > H00 - General
|Depositing User:||Aleksander Aristovnik|
|Date Deposited:||10. Jan 2007|
|Last Modified:||18. Feb 2013 04:34|
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