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Persistent link: https://www.econbiz.de/10003857932
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demanding. Fiscal projections are already difficult since the link between total tax revenue and economic activity is observed … to be unstable. This Country Focus identifies three key drivers behind total tax revenue developments: (1) the … composition of the GDP growth - if economic growth is driven by less "tax-rich" components, such as exports, the revenue …
Persistent link: https://www.econbiz.de/10009641056
This study focuses on the most important drivers of the swift current account rebalancing which is taking place in Estonia and considers the possible way forward. After very large deficits in the boom years (2005-2007), Estonia's current account balance turned positive in the downturn, as...
Persistent link: https://www.econbiz.de/10009641059
Romania's domestic demand boom over the past few years has led to rapidly widening current account deficits, reaching an estimated 13½% of GDP in 2008. High private sector dissaving has been exacerbated by a procycylical fiscal policy, with the public deficit likely to exceed 3% of GDP in 2008....
Persistent link: https://www.econbiz.de/10009641061
public spending in Malta by applying two alternative non-parametric techniques: the Full Disposal Hull (FDH) and the Data … Envelopment Analysis (DEA). The analysis is restricted to public spending on education and healthcare. Apart from their important …
Persistent link: https://www.econbiz.de/10009641062
price. The increase in tax revenue on profits from oil production is partly mitigated by the fall in profits of the oil … spending. …
Persistent link: https://www.econbiz.de/10009641068
The dominance of electoral considerations in determining budgetary outcomes has been evident in Hungary over the last 15 years, with government deficits reaching their highest levels in election years (1994, 1998, 2002 and 2006). This deterioration of public finances has largely been possible...
Persistent link: https://www.econbiz.de/10009641089
Since the early 1990s Croatia has managed a rather successful transition process with solid growth, low inflation and exchange rate stability. Better integration into international financial markets, capital account liberalisation and banking sector reform have facilitated access to foreign...
Persistent link: https://www.econbiz.de/10009641145
government spending leading to an increase in their income, our findings point to a negative reaction on the part of the …
Persistent link: https://www.econbiz.de/10009641247