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The Russian state’s size and its footprint : have they increased?

Di Bella, Gabriel; Dynnikova, Oksana; Slavov, Slavi - 2019

The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...

Persistent link: https://www.econbiz.de/10012009568

Taking down the wall : transition and inequality

Cevik, Serhan; Correa-Caro, Carolina - 2020

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

Taxing Immovable Property Revenue Potential and Implementation Challenges

Norregaard, John - 2013

The tax on immovable property has been characterized as probably the most unpopular among tax instruments, in part because it is salient and hard to avoid. But economists continue to emphasize the virtues of the property tax owing to its relatively low efficieny costs, benign impact on growth,...

Persistent link: https://www.econbiz.de/10014395187

National Accounts in Transition Countries : Distortions and Biases

Bloem, Adriaan M. - 1996

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395983

Dollarization in Transition Economies : Evidence and Policy Implications

Végh Gramont, Carlos A. - 1995

After most restrictions on foreign currency holdings were relaxed in the early 1990s, foreign currency deposits in transition economies have been increasing rapidly. This paper takes a first look at the evidence on dollarization for 15 transition economies, and then discusses some key conceptual...

Persistent link: https://www.econbiz.de/10014396026

Do Government Wage Cuts Close Budget Deficits? : A Conceptual Framework for Developing Countries and Transition Economies

International Monetary Fund - 1996

Real wage declines have been common in the public sector in many countries over substantial periods of time. In several cases, such wage reductions have coincided with a decline in the efficiency of the public sector. In a simple analytical framework, it is shown that higher wage levels alter...

Persistent link: https://www.econbiz.de/10014396160

Interenterprise Arrears in Post-Communist Economies

Rostowski, Jacek - 1994

The reasons for the growth of interenterprise debt are analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a stabilization attempt that is not credible. In the latter case, the result can be...

Persistent link: https://www.econbiz.de/10014396183

Disinflation in Transition Economies : The Role of Relative Price Adjustment

Coorey, Sharmini - 1996

In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect...

Persistent link: https://www.econbiz.de/10014396197

Stabilization and Growth in Transition Economies : The Early Experience

Fischer, Stanley - 1996

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes...

Persistent link: https://www.econbiz.de/10014396308

Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

Crivelli, Ernesto - 2012

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...

Persistent link: https://www.econbiz.de/10014396436

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