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Inequality, growth and public spending in Central, East and Southeast Europe

"The paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we f...

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Bibliographic Details
Main Author: Holzner, Mario
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Vienna 2010
WIIW
Subjects:
economic growth
public expenditure
social inequality
Central Europe
Eastern Europe
South East Europe
transition economies
Online Access:https://www.labourline.org/KENTIKA-19183363124919015459-inequality,-growth-and-public-.htm
Description
Summary:"The paper analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we find a positive correlation with equity and a negative one with growth as several of the government expenditure items seem to act counter-cyclically. In the late 1990s and early 2000s the European integration process allowed most of the transition economies to aim for the best of both worlds: equity and economic development. "
Physical Description:15 p.
Digital

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