Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10003501786
This paper investigates the main determinants of income inequality in transition countries during the period 1990 … inequality: the potential endogeneity of income growth, which is largely ignored by most empirical studies. We adopt a two … relationship between income inequality and the level of economic development. We also find that the redistributive impact of fiscal …
Persistent link: https://www.econbiz.de/10012177606
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...
Persistent link: https://www.econbiz.de/10014400282
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU...
Persistent link: https://www.econbiz.de/10014403619
In the 1990s, transition countries underwent large adjustments to address fiscal imbalances. This paper examines whether the factors identified in the literature on advanced economies, the size and composition of adjustment, are important in transition economies. It finds that larger...
Persistent link: https://www.econbiz.de/10014404013
inequality (Furceri, Loungani, Ostry and Pizzuto, 2020). In this paper, we show that the extent of fiscal consolidation in the … inequality. Episodes marked by extreme austerity-measured using either the government's fiscal balance, health expenditures or … redistribution-have been associated with an increase in the Gini measure of inequality three times as large as in episodes where …
Persistent link: https://www.econbiz.de/10012613680
The COVID-19 pandemic risks exacerbating inequality in Asia. High frequency labor surveys show that the pandemic is … to increase inequalities. As a result, income inequality, which was already high and rising in Asia before the pandemic …
Persistent link: https://www.econbiz.de/10012392069
speed up the decline in inequality levels and reduce poverty. This study presents an exhaustive and comprehensive analysis …
Persistent link: https://www.econbiz.de/10012230740
Fiscal policy is central to not only macroeconomic stability and growth, but also to poverty and inequality reduction … Turkey's achievements against peer countries. The results show that fiscal policy significantly reduces income inequality in … countervail the inequality-increasing impact of indirect taxes. At the bottom of the income distribution, targeted transfers are …
Persistent link: https://www.econbiz.de/10012257124
This study assesses the redistributive effects of fiscal policy in Mali and Niger. Fiscal policy is poverty increasing in Mali (by 2.4 percentage points) and Niger (2.5 percentage points). This is a result of primarily two factors: indirect taxes (value-added taxes and import duties) and direct...
Persistent link: https://www.econbiz.de/10012051946