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New Evidence on Fiscal Adjustment and Growth in Transition Economies

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...

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Bibliographic Details
Main Author: Gupta, Sanjeev
Other Authors: Simone, Alejandro, Segura-Ubiergo, Alex
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Fiscal Stance
Public Finance & Taxation
Government Debt Management
Debt Management
Debts, Public
Fiscal Policy
Fiscal Consolidation
Debt
Sovereign Debt
Institutions And The Macroeconomy
Macroeconomics
Public Finance
Structural Reforms
Russian Federation
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:33 pages
ISBN:9781451865042

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