Fiscal consolidations in the Central and Eastern European countries

被引：20
|
作者：
Afonso, Antonio
Nickel, Christiane
Rother, Philipp C.
机构：
[1] Univ Tecn Lisboa, Dept Econ, P-1249078 Lisbon, Portugal
[2] European Cent Bank, Frankfurt, Germany
来源：
REVIEW OF WORLD ECONOMICS | 2006年 / 142卷 / 02期
关键词：
fiscal policy; fiscal episodes; Central and Eastern Europe; logit models;
D O I：
10.1007/s10290-006-0073-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study fiscal consolidations in the Central and Eastern European countries and what determines the probability of their success. We define consolidation events as substantive improvements in fiscal balances adjusting for the impact of cyclical effects. We use logit models for the period 1991-2003 to assess the determinants of the success of a fiscal adjustment. The results seem to suggest that for these countries expenditure based consolidations have tended to be more successful. By contrast, revenue-based consolidations have a tendency to be less successful.
引用
收藏
页码：402 / 421
页数：20
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