{
  "title": "New Evidence on Fiscal Adjustment and Growth in Transition Economies",
  "publication": "IMF Working Papers, October 1, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/new-evidence-on-fiscal-adjustment-and-growth-in-transition-economies-19967",
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  "summary": "This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Authors: Sanjeev Gupta, Alejandro Simone, Alex Segura-Ubiergo\n- Date: October 1, 2006\n- Sample: panel of 26 transition economies during 1992-2001\n- Pages: 33\n- Series: Working Paper No. 2006/244\n- Volume: 2006; Issue: 244\n- DOI: https://doi.org/10.5089/9781451865042.001\n- ISBN: 9781451865042\n- ISSN: 1018-5941\n- Subject: Fiscal consolidation; Fiscal policy; Fiscal stance; Government debt management; Structural reforms\n- Keywords: aggregate demand; CIS country; country; deficit; WP"
    },
    {
      "heading": "Key findings",
      "content": "- The paper finds a positive and statistically significant relationship between fiscal adjustment and real GDP growth in the panel of 26 transition economies during 1992-2001.\n- This positive relationship is robust to different model specifications and estimation methods.\n- The paper contrasts with most previous studies using cross-country regressions by identifying a growth-enhancing effect of fiscal adjustment in the transition economy sample.\n- Country experiences are presented to explore mechanisms that may underlie the statistical relationship between fiscal adjustment and growth."
    },
    {
      "heading": "Empirical approach and scope",
      "content": "- Sample period: 1992-2001.\n- Sample size: 26 transition economies.\n- Methodology: panel analysis with multiple model specifications and estimation methods (details in full paper)."
    },
    {
      "heading": "Implications and mechanisms examined",
      "content": "- The analysis suggests fiscal adjustment can be compatible with, and potentially supportive of, real GDP growth in transition economies.\n- Country case material is used to delve deeper into mechanisms linking fiscal adjustment to growth, indicating heterogeneity in experiences across countries."
    },
    {
      "heading": "Publication and access notes",
      "content": "- Publication type: IMF Working Paper.\n- Access: available via the IMF eLibrary in multiple formats.\n\nSource: IMF Working Paper \"New Evidence on Fiscal Adjustment and Growth in Transition Economies\", Sanjeev Gupta, Alejandro Simone, Alex Segura-Ubiergo, October 1, 2006; Working Paper No. 2006/244; DOI: https://doi.org/10.5089/9781451865042.001\n\n---\n\n Content in this bundle\n\n- wp06244 - References\n  - wp06244 - References (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp06244 - References (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/new-evidence-on-fiscal-adjustment-and-growth-in-transition-economies-19967"
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    "Authors: Sanjeev Gupta, Alejandro Simone, Alex Segura-Ubiergo",
    "Published: October 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451865042.001",
    "Authors: Sanjeev Gupta, Alejandro Simone, Alex Segura-Ubiergo",
    "Date: October 1, 2006",
    "Sample: panel of 26 transition economies during 1992-2001",
    "Pages: 33",
    "Series: Working Paper No. 2006/244",
    "Volume: 2006; Issue: 244",
    "DOI: https://doi.org/10.5089/9781451865042.001",
    "ISBN: 9781451865042",
    "ISSN: 1018-5941",
    "Subject: Fiscal consolidation; Fiscal policy; Fiscal stance; Government debt management; Structural reforms",
    "Keywords: aggregate demand; CIS country; country; deficit; WP",
    "The paper finds a positive and statistically significant relationship between fiscal adjustment and real GDP growth in the panel of 26 transition economies during 1992-2001.",
    "This positive relationship is robust to different model specifications and estimation methods.",
    "The paper contrasts with most previous studies using cross-country regressions by identifying a growth-enhancing effect of fiscal adjustment in the transition economy sample.",
    "Country experiences are presented to explore mechanisms that may underlie the statistical relationship between fiscal adjustment and growth.",
    "Sample period: 1992-2001.",
    "Sample size: 26 transition economies.",
    "Methodology: panel analysis with multiple model specifications and estimation methods (details in full paper).",
    "The analysis suggests fiscal adjustment can be compatible with, and potentially supportive of, real GDP growth in transition economies.",
    "Country case material is used to delve deeper into mechanisms linking fiscal adjustment to growth, indicating heterogeneity in experiences across countries.",
    "Publication type: IMF Working Paper.",
    "Access: available via the IMF eLibrary in multiple formats.",
    "**_wp06244 - References**"
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