FISCAL SUSTAINABILITY IN SELECTED TRANSITION COUNTRIES

• Authors: Aristovnik Aleksander , Berčič Boštjan
• Languages of publication: EN

Abstracts

EN

In the article, we review recent literature on fiscal sustainability with a particular reference to the problems that are specific to the transition countries. While the original literature on fiscal sustainability is chiefly focused on the industrial countries there are by now few works that have focused on fiscal sustainability in the transition countries. Consequently, the article's purpose is to assess the short-, medium- and long-term sustainability of fiscal policy (under set assumptions) on the national level in the great majority of the transition countries which we divide into three main groups, i.e. Central and Eastern Europe (CEE), Southern and Eastern Europe (SEE) and the Commonwealth of Independent States (CIS). Based on the mainstream theory measures of the fiscal sustainability, the results indicate that fiscal sustainability seems to be a problem in many transition countries, particularly in the Visegrad group countries (in CEE region) and in Albania and Croatia (in SEE region).

Keywords

EN

FISCAL POLICY; FORECASTING; PUBLIC SECTOR; SUSTAINABILITY; TRANSITION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2007
• Volume: 55
• Issue: 7
• Pages: 659-675
• Document type: ARTICLE

Contributors

author

Aristovnik Aleksander

author

Berčič Boštjan

• A. Aristovnik, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republik

Identifiers

CEJSH db identifier

07SKAAAA03356905