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Evaluating government policy in transition countries

Gillman, Max 1999. Evaluating government policy in transition countries. [Working Paper]. CASE Network Studies and Analyses, vol. 156. Warsaw: CASE - Center for Social and Economic Research. Available at: http://www.case-research.eu/en/node/54888

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Abstract

The paper examines neoclassical measures to evaluate government policy in transition countries: 1) marginal factor prices and the return to capital, 2) growth rates and taxes, 3) inflation rates, and 4) debt/GDP ratios, related to international real business cycle and endogenous growth theory. It further postulates a way to consider the debt/equity position of the government, related to a risk-yield framework. This gives a potentially more useful indicator than the debt/GDP ratio alone. Empirically these measures are examined in an illustrative way for a set of Central European countries plus Germany and the US for comparison, for the period of 1990-1998, using an internally standardized data set from the on-line International Financial Statistics.

Item Type: Monograph (Working Paper)
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JA Political science (General)
Uncontrolled Keywords: Trade; economic integration and globalization; Global/Multiregional; growth rates; taxes; inflation; transition economies
Publisher: CASE - Center for Social and Economic Research
Last Modified: 19 Mar 2016 23:14
URI: http://orca.cardiff.ac.uk/id/eprint/43823

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