Public Finance Reform During the Transition

Public Finance Reform During the Transition
The Experience of Hungary

by Lajos Bokros,Jean-Jacques Dethier

  • Publisher : World Bank Publications
  • Release : 1998-01-01
  • Pages : 580
  • ISBN : 9780821342527
  • Language : En, Es, Fr & De
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Public finance reform is simultaneously a process of fiscal adjustment and structural reforms in the public sector. Under socialist rule, Hungary's concept of public finance was nebulous, since there was no clear delineation between private and public sectors. As a transition country, structural reforms were aimed at creating not only sustainable institutional arrangements but were aimed at creating a government sector adapted to a market economy as well. The former socialist states were forced into abrupt transitions; and there was little time for minds and institutions to adapt. This volume aims to provide a comprehensive description of Hungary's experience of public finance reform in a former socialist economy, including: a history of the reform process; an empirical analysis of trends in public spending and revenues; evidence of Hungary's ability to move towards accession to the European Union (EU); a description of policy reforms in the public welfare system; an analysis of the reforms in key aspects of the institutional framework; and an examination of the tax system.

Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia

Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia
A Book

by Robert W. McGee,Galina G. Preobragenskaya

  • Publisher : Springer Science & Business Media
  • Release : 2006-06-18
  • Pages : 182
  • ISBN : 0387238875
  • Language : En, Es, Fr & De
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Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political, and sociological problems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and financial system of a transition economy. Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia was written to help fill that gap.

Taxation and Public Finance in Transition and Developing Economies

Taxation and Public Finance in Transition and Developing Economies
A Book

by Robert W. McGee

  • Publisher : Springer Science & Business Media
  • Release : 2008-12-10
  • Pages : 680
  • ISBN : 0387257128
  • Language : En, Es, Fr & De
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Topics in this comprehensive survey include bureaucracy, corruption and tax compliance; public finance in developing economies; taxation in several former Soviet republics, Eastern Europe and China; taxation in the enlarged European Union; tax harmonization vs. tax competition; and the philosophy of taxation and public finance. The editor has assembled a stellar group of authorities to write about their areas of expertise.

Public Finance in a World of Transition

Public Finance in a World of Transition
A Book

by Pierre Pestieau

  • Publisher : Unknown Publisher
  • Release : 1992
  • Pages : 406
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Papers presented at the 47th Congress including chapters on: social security in transition economies, income distribution and poverty, production performance, privatization issues, centralization versus decentralization, tax reform, fiscal problems of transition, tax evasion and compliance under different environments.

Accounting Reform in Transition and Developing Economies

Accounting Reform in Transition and Developing Economies
A Book

by Robert W. McGee

  • Publisher : Springer Science & Business Media
  • Release : 2008-11-16
  • Pages : 522
  • ISBN : 038725708X
  • Language : En, Es, Fr & De
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The editor has assembled a stellar group of experts to address such topics as: accounting reform in Russia, Ukraine, Estonia, Armenia, Serbia, China, and Spain; accounting education and development of the accounting profession in several transition economies; and corporate governance issues in the developing world.

Corporate Governance in Transition Economies

Corporate Governance in Transition Economies
A Book

by Robert W. McGee

  • Publisher : Springer Science & Business Media
  • Release : 2008-11-16
  • Pages : 430
  • ISBN : 0387848312
  • Language : En, Es, Fr & De
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"Corporate Governance in Transition Economies" will appeal to a wide segment of the academic market including accounting and finance professors and students because the main theme of the book deals with accounting and financial system reform. Economists in the subfields of transition economics and development economics for it addresses current issues in their field. It will also appeal to scholars in the field of Russian and East European Studies because the book discusses topics involving Russia, Ukraine and other East European countries. Policy analysts who deal with accounting, finance, transition economics or Russia or Eastern Europe will also find this book to be a valuable reference and source of current information.

The Political Economy of Fiscal Reform in Central-Eastern Europe

The Political Economy of Fiscal Reform in Central-Eastern Europe
Hungary, Poland, and the Czech Republic from 1989 to EU Accession

by Frank Bönker

  • Publisher : Edward Elgar Publishing
  • Release : 2006-01-01
  • Pages : 203
  • ISBN : 9781781958261
  • Language : En, Es, Fr & De
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'Frank Bönker has done a masterful job. . . This is probably the best book available on this important subject. and its significance is not limited to studies of postcommunist societies. It has important theoretical implications for everyone interested in the Political Economy of Policy Reform perspective within the field of comparative political economy.' - John L. Campbell, Slavic Review

Public Finance and Low equilibria in transition economies: the role of institutions

Public Finance and Low equilibria in transition economies: the role of institutions
A Book

by Daniel Daiana and Radu Vrunceanu

  • Publisher : Unknown Publisher
  • Release : 2000
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Corporate Governance in Developing Economies

Corporate Governance in Developing Economies
Country Studies of Africa, Asia and Latin America

by Robert W. McGee

  • Publisher : Springer Science & Business Media
  • Release : 2008-10-15
  • Pages : 302
  • ISBN : 0387848339
  • Language : En, Es, Fr & De
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Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political, and sociological pr- lems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and ? nancial system of a transition economy. This book was written to help ? ll that gap. This book is the sixth in a series to examine accounting and ? nancial system reform in transition and developing economies. The ? rst book (Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia) used Russia as a case study. The second volume in the series (Accounting and Financial System Reform in Eastern Europe and Asia) examined some additional aspects of the reform in Russia and also looked at the accounting and ? nancial system reform efforts that are being made in Ukraine, Bosnia and Herzegovina, Armenia, Eastern Europe, and Central Asia. The third volume (Taxation and Public Finance in Tran- tion and Developing Economies) examined taxation and public ? nance in transition and developing economies. The fourth volume (Accounting Reform in Transition and Developing Economies) examines accounting reform in transition and devel- ing economies.

Accounting and Financial System Reform in Eastern Europe and Asia

Accounting and Financial System Reform in Eastern Europe and Asia
A Book

by Robert W. McGee,Galina G. Preobragenskaya

  • Publisher : Springer Science & Business Media
  • Release : 2006-03-14
  • Pages : 353
  • ISBN : 0387257101
  • Language : En, Es, Fr & De
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Much has been written about the economic and political problems of countries that are in the process of changing from centrally planned systems to market systems. Most studies have focused on the economic, legal, political and sociological problems these economies have had to face during the transition period. However, not much has been written about the dramatic changes that have to be made to the accounting and financial system of a transition economy. This book was written to help fill that gap. This book is the second in a series to examine accounting and financial system reform in transition economies. The first book used Russia as a case study. The present volume in the series examines some additional aspects of the reform in Russia and also looks at the accounting and financial system reform efforts that are being made in Ukraine, Bosnia & Herzegovina, Armenia and five Central Asian republics.

Transdisciplinary Perspectives on Public Health in Europe

Transdisciplinary Perspectives on Public Health in Europe
Anthology on the Occasion of the Arteria Danubia Project

by Manfred Cassens,Zsófia Kollányi,Aleksandar Tsenov

  • Publisher : Springer Nature
  • Release : 2022-01-12
  • Pages : 284
  • ISBN : 3658337400
  • Language : En, Es, Fr & De
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In recent decades, policymakers all over the world have sought to strengthen the meaning and effect of public, non-medical healthcare. This publication is the result of the research initiation project »Arteria Danubia ‒ Analysis and Discussion on the Implementation of Model Health Regions in the Upper and Lower Reaches of the Danube« (2017 to 2019), which focused on healthcare in Bulgaria, Germany and Hungary. In this book, researchers from the participating universities and organizations explore the topic of public health in all its facets: How can public policy and education influence people’s health? How are lifestyle-related diseases to be avoided? And how best to implement digital healthcare solutions?

Public Finance, Governance, and Growth in Transition Economies

Public Finance, Governance, and Growth in Transition Economies
Empirical Evidence from 1992-2004

by Taras Pushak,Erwin Tiongson,Aristomène Varoudakis

  • Publisher : Unknown Publisher
  • Release : 2007
  • Pages : 31
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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This paper revisits the early empirical literature on economic growth in transition economies, with particular focus on fiscal policy variables-fiscal balance and the size of government. The baseline model uses a parsimonious specification, drawn from Fischer and Sahay (2000), of economic growth as a function of initial conditions, stabilization, liberalization, and structural reform. The paper expands the data used in previous analyses by up to 10 years and finds unambiguous evidence that fiscal balance matters for growth, while confirming other previous findings on the correlates of economic growth in transition economies. In addition, the paper extends the baseline model and explores potential sources of nonlinearities in the relationship between growth and public finance. A key finding is that determinants of growth may vary in relative importance, depending on the underlying institutional quality. The evidence indicates that there could be higher growth payoffs from macroeconomic stability and public expenditure in countries characterized by relatively better public sector governance as measured by relevant indicators. In addition, the size of government matters for growth in a nonlinear manner: Beyond indicative thresholds of expenditure levels, public spending has a negative impact, while at levels below the threshold, there is no measurable impact on economic growth.

The Political Economy of Financial Repression in Transition Economies

The Political Economy of Financial Repression in Transition Economies
A Book

by Cevdet Denizer,Raj M. Desai,Nikolay Kirov Gueorguiev

  • Publisher : Unknown Publisher
  • Release : 1998
  • Pages : 33
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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December 1998 Why are governments drawn to regulate financial markets to the point of financial repression? It appears that post-Communist governments may have inhibited the development of financial institutions to ensure adequate flows of external capital to favored enterprises rather than to finance deficits. Financial systems in developing countries tend to be restricted or repressed through burdensome reserve requirements, interest-rate ceilings, foreign-exchange regulations, rules about the composition of bank balance sheets, or heavy taxation of the financial sector. Why are governments drawn to regulate financial markets to the point of financial repression? To address this question, Denizer, Desai, and Gueorguiev explore preliminary evidence from the post-Communist economies of Eastern Europe and the former Soviet Union, where financial regulations have rarely been examined systematically. They find that the public-finance framework has limited ability to explain financial repression in the transition economies, given the peculiar financial lineage of the socialist state. The weak distinction between public and private spheres of finance in transition economies means that the deficit often conveys little information about the governments' real fiscal activities. It is more fruitful to examine how political institutions, by shaping the incentives politicians face, affect financial policy. Their findings suggest that post-Communist governments may adopt repressive financial controls-not to finance deficits more cheaply than would be the case under financial liberalization, but to maintain the authority and ensure the survival of those in power. In countries where pre-reform elites are plentiful in legislative bodies, where interparty competition is low, and where governing parties are well-represented in parliaments, elites have been able to perpetuate a system of implicit subsidies by softening up the financial sector-especially commercial banks-to ensure the continued flow of cheap credit to specific borrowers. The main beneficiaries of these policies-large formerly state-owned industries with tight financial links to the largest commercial banks-are thus able to convert their well-established claims on public resources into preferential access to credit lines. In other words, financial repression in transition economies may simply serve to solidify main-bank, main-firm relations. These results would lend support to the claim of smaller, cash-starved Eastern European entrepreneurs that the commercial banks have taken over the role of the old planning ministries. This paper-a joint product of the International Finance Corporation's Central Asia, Middle East, North Africa Department, and the Private Sector Development Department - is part of a larger effort to understand the workings of financial markets in transition economies. Cevdet Denizer may be contacted at cdenizer@ifc.org.

External Liberalization in Asia, Post-Socialist Europe, and Brazil

External Liberalization in Asia, Post-Socialist Europe, and Brazil
A Book

by Lance Taylor

  • Publisher : Oxford University Press on Demand
  • Release : 2006-02-02
  • Pages : 506
  • ISBN : 0195189329
  • Language : En, Es, Fr & De
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This book reviews the experience of 14 countries with external liberalization and related policies, based on papers which follow a common macroeconomic methodology. The authors of these papers trace shifts in the productivity, and employment at the country level.

Public Finance and Public Policy in the New Century

Public Finance and Public Policy in the New Century
A Book

by Sijbren Cnossen,Hans-Werner Sinn,Clemens Fuest

  • Publisher : MIT Press
  • Release : 2003
  • Pages : 535
  • ISBN : 9780262033046
  • Language : En, Es, Fr & De
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Essays on the theory and practice of public finance and policy. The sixteen essays in this book were written to celebrate the ninetieth birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father of modern public economics. He belongs to the intellectual tradition that views government as an instrument that can be used to correct market failure and to establish the society that people want. Although his work fits within the individualistic framework of modern economics, he also draws on principles of moral philosophy. The essays take stock of and extend the theory and practice of public finance and public policy. They address the evolving role of government and the welfare state, the interaction between taxation and markets, the future of pension and health care systems, and international tax issues and fiscal federalism.

Reforming Pensions in Developing and Transition Countries

Reforming Pensions in Developing and Transition Countries
A Book

by K. Hujo

  • Publisher : Springer
  • Release : 2014-08-22
  • Pages : 346
  • ISBN : 1137396113
  • Language : En, Es, Fr & De
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This book moves beyond technical studies of pension systems by addressing the political economy of pension reform in different contexts. It provides insights into key issues related to pension policy and its developmental implications, drawing on selected country studies in Africa, Asia, Eastern Europe, the Middle East, and Latin America.

Transformation of Social Security

Transformation of Social Security
Pensions in Central-Eastern Europe

by Katharina Müller,Andreas Ryll,Hans-Jürgen Wagener

  • Publisher : Springer Science & Business Media
  • Release : 2012-12-06
  • Pages : 306
  • ISBN : 3642586546
  • Language : En, Es, Fr & De
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This collection of papers focuses on the recent pension reform experiences in Central-Eastern Europe, while starting from a broader theoretical and empirical context. It provides evidence for the political feasibility of radical pension reform, considered unlikely in the West. The approach is both multi-disciplinary and cross-regional: The book contains papers by economists, political scientists and sociologists. The authors come from Germany, Poland, Hungary, the Czech Republic, and the US. The volume consists of four parts: First, general questions of transformation and social security in post-1989 Central Eastern Europe are addressed, followed by an introduction into issues and role models in the international pension reform debate. Then, three Central European country cases are presented, analysing institutional legacies, recent reform measures and relevant political actors. A comparative section on Central-Eastern European pension reforms concludes this book.

A Decade of Transition

A Decade of Transition
Achievements and Challenges

by Mr.Oleh Havrylyshyn,Mr.Saleh M. Nsouli

  • Publisher : International Monetary Fund
  • Release : 2001-04-27
  • Pages : 281
  • ISBN : 9781589060135
  • Language : En, Es, Fr & De
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This volume reviews the experience of 25 non-Asian transition economies 10 years into their transformation to market economies. The volume is based on an IMF conference held in February 1999 in Washington, D.C., to take stock of the achievements and the challenges of transition in the context of three questions: How far has transition progressed ineach country? What factors explain the differences in the progress made? And what remains to be done?

Financing Government in the Transition--Bulgaria

Financing Government in the Transition--Bulgaria
The Political Economy of Tax Policies, Tax Bases, and Tax Evasion

by Bogeti ?c, ?Zeljko,Arye L. Hillman

  • Publisher : World Bank Publications
  • Release : 1995-01-01
  • Pages : 254
  • ISBN : 9780821333884
  • Language : En, Es, Fr & De
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The IFC's new Global Agriculture Series features sectoral presentations of industry trends with specific emphasis on the developing countries. The series highlights the increasing importance of developing countries in the world economy as rapidly expanding markets and as competitive production bases. The information reported underlines the strong production assets of those countries and illustrates the investment opportunities this creates. To profile the high-growth poultry industry, the first volume in this series draws on intelligence collected from various public and private sources, including IFC client companies in numerous countries. Consumption of poultry meat has been growing at an exceptional rate over the past decade, spurred by the dietary benefits of this food and an attractive price relative to other meats. Its evolution in recent years epitomizes the emergence of developing countries as global competitors in the agribusiness sector. This report estimates that annual world consumption might grow by another 15-18 million tons by the end of the decade, making poultry the most popular meat in the world. This growth should support additional investments of roughly US$2 billion during this period, including US$0.7 to $0.9 billion for growers' production facilities and US$1 to $1.2 billion for integrators' production facilities. Estimates project that much of this investment will be undertaken in developing countries. The report presents an overview of the poultry production system and the key players in the supply chain, the global poultry market and regional production patterns, the main determinants of competitive advantage in this sector, and an analysis of international trade flows. The final chapter reviews the role of public policies in changes in consumption, production, and trade. Additonal features include color photos, charts, and tables

Governance, Decentralization and Reform in China, India and Russia

Governance, Decentralization and Reform in China, India and Russia
A Book

by Jean-Jacques Dethier

  • Publisher : Springer Science & Business Media
  • Release : 2000-09-30
  • Pages : 459
  • ISBN : 9780792379096
  • Language : En, Es, Fr & De
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The papers in Governance, Decentralization and Reform in China, India and Russia, which were presented at a ZEF conference in May 1999, deal with three critical aspects of governance in China, India, and Russia: political reforms at the local level; fiscal reforms in intergovernmental relations; and legal reforms. The volume collects contributions from 24 outstanding economists, political scientists and legal specialists including Vito Tanzi, Daniel Treisman, Pranab Bardham, Jean Drèze, Katharina Pistor and Kathryn Hendley. Distorted economic and political incentive structures, capture of the state by powerful élites and inoperative legal systems are factors that have greatly complicated the political economy of reform in these three large countries with heterogeneous populations. Addressing these political and institutional issues is essential to designing good policies. One particular goal of this volume is to bring together new analytical insights and empirical evidence on governance, a new and growing field of research. The volume is divided into three parts: fiscal federalism; decentralization and provision of local public goods; and legal reforms. Part I discusses the role of incentives in fiscal federalism. The papers analyze the effects of different revenue-sharing mechanisms between different levels of government, in particular the effects on regional growth and inequality and the incentives that local politicians may have to provide public goods depending on fiscal arrangements with the central government. In adapting their governance structures, all three countries have been striving for increased decentralization. But the theoretical literature suggests that, in a decentralized setting, second-best solutions must prevail: it is not possible to ensure incentive compatibility simultaneously with optimal allocation of resources and a balanced budget in providing public goods. Part II discusses taxation and public expenditure management both as a political and as a budgetary process. Two questions which the papers address are: Does participation of stakeholders and accountability of public authorities improve economic and social outcomes? Does better governance in the provision of basic goods such as health care and education improve equity? While decentralization is often seen as a way to improve the quality of public services, rule-based governance is viewed as a safeguard against the arbitrariness of public officials and weaknesses in law enforcement. The five papers in Part III focus on the rule of law; the role of the judicial system in establishing a rule-based economy; and the effectiveness of legal institutions during the transition from socialism to a market economy. They present overviews of current legal reform issues in the three countries and discuss various conceptual approaches to addressing legal reform issues.