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http://ssrn.com/abstract=264829
 
 

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Fiscal Policy and Structural Reforms in Transition Economies an Empirical Analysis


Jukka Pirttila


United Nations - World Institute for Development Economics Research (UNU/WIDER); Tampere University of Technology


Economics of Transition, Vol. 9, No. 1, March 2001

Abstract:     
This paper provides an empirical examination of the relationship between fiscal balance and structural reforms using panel data from 25 transition economies. The results indicate that privatization and restructuring, via unemployment, affect the fiscal balance negatively. This finding provides support for ideas in theoretical transition economics that maintain that fiscal pressures are most severe in fast-reforming countries. In contrast, price liberalization has a robust positive impact on fiscal performance. In addition, the results differ somewhat over different countries and transition time.

Keywords: fiscal policy, structural reforms, transition economies

JEL Classification: E62, P20

Accepted Paper Series


Not Available For Download

Date posted: April 26, 2001  

Suggested Citation

Pirttila, Jukka, Fiscal Policy and Structural Reforms in Transition Economies an Empirical Analysis. Economics of Transition, Vol. 9, No. 1, March 2001. Available at SSRN: http://ssrn.com/abstract=264829

Contact Information

Jukka Pirttila (Contact Author)
United Nations - World Institute for Development Economics Research (UNU/WIDER) ( email )
Katajanokanlaituri 6B
Helsinki, FIN-00160
Finland
Tampere University of Technology ( email )
P.O. 541, Korkeakoulunkatu 8 (Festia building)
Tampere, FI-33101
Finland
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