This paper revisits the early empirical literature on economic growth in transition economies, with particular focus on fiscal policy variables-fiscal balance and the size of government. The baseline model uses a parsimonious specification, drawn from Fischer and Sahay (2000), of economic growth as a function of initial conditions, stabilization, liberalization, and structural reform. The paper expands the data used in previous analyses by up to 10...
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INFORMATION
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2007/06/01
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Document de travail de recherche sur les politiques
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WPS4255
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1
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1
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2010/07/01
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Disclosed
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Public finance, governance, and growth in transition economies : empirical evidence from 1992-2004
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transition economy