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New Evidence on Fiscal Adjustment and Growth in Transition Economies
Author:
Mr. Sanjeev Gupta
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Mr. Alejandro Simone null

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Mr. Alex Segura-Ubiergo
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Series:
IMF Working Papers
Volume/Issue:
Volume 2006: Issue 244
Language:
English
Publication Date:
01 Oct 2006
DOI:
https://doi.org/10.5089/9781451865042.001
ISBN:
9781451865042
ISSN:
1018-5941
Pages:
33
Keywords:
WP; CIS country; country; deficit; aggregate demand
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.
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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 and growth that is robust to different model specifications and estimation methods. The paper also presents country experiences to delve deeper into the mechanisms that may underlie this statistical relationship.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund