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New Evidence on Fiscal Adjustment and Growth in Transition Economies

Author/Editor: Segura-Ubiergo, Alex | Simone, Alejandro | Gupta, Sanjeev
Authorized for Distribution: October 1, 2006
Electronic Access: Free Full Text (PDF file size is 487KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

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.
 
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Series: Working Paper No. 06/244
Subject(s): Adjustment process | Transition economies | Economic stabilization | Fiscal policy | Economic growth
Author's keyword(s): Fiscal adjustment | growth | transition economies | fiscal policy
 
English  
    Published:   October 1, 2006        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2006244   Pages:   33
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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