Cover IMF Working Papers
Mobilization of Savings in Eastern European Countries: The Role of the State
Author:
Mr. Vito Tanzi
Search for other papers by Mr. Vito Tanzi in
Current site
Google Scholar
PubMedClose
Series:
IMF Working Papers
Volume/Issue:
Volume 1991: Issue 004
Language:
English
Publication Date:
01 Jan 1991
DOI:
https://doi.org/10.5089/9781451841947.001
ISBN:
9781451841947
ISSN:
1018-5941
Pages:
26
Keywords:
WP; fiscal policy; centrally-planned economies; financial system; government expenditure; household sector; rate of return; discretionary income; price liberalization; West European country; Income; Personal income; Revenue mobilization; Eastern Europe; Western Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.5 MB) Download Epub
As the countries of Eastern and Central Europe transform their economies from centrally–planned to market–oriented, the question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests that major distortions have, in the past, dramatically reduced the productivity of investment. The paper discusses some of the institutional changes that will be necessary to ensure a better allocation of savings.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1991: Issue 004