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Fiscal policy and economic growth : lessons for Eastern Europe and Central Asia

Author: Cheryl Williamson Gray; Tracey Lane; Aristomène Varoudakis
Publisher: Washington, DC : World Bank, ©2007.
Edition/Format:   eBook : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:

Worldwide experience highlights public finance policies that promote economic growth while meeting the need for fundamental public goods. The Eastern European and Central Asia countries pioneered  Read more...

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Additional Physical Format: Online version:
Fiscal policy and economic growth.
Washington, DC : World Bank, c2007
(OCoLC)654278690
Material Type: Government publication, International government publication, Internet resource
Document Type: Internet Resource
All Authors / Contributors: Cheryl Williamson Gray; Tracey Lane; Aristomène Varoudakis
ISBN: 9780821371817 0821371819 9780821371824 0821371827
OCLC Number: 141482980
Description: xxiv, 331 p. : ill. ; 26 cm.
Contents: INTRODUCTION AND OVERVIEW --
Do Government Size and Fiscal Deficits Matter for Economic Growth? --
How Can Governments Improve the Efficiency of Public Spending --
How Can Governments Reduce Distortions in the Tax System? --
Conclusion --
PART I --
PUBLIC FINANCE AND ECONOMIC GROWTH: TRENDS AND INTERRELATIONSHIPS --
1. PUBLIC FINANCE SYSTEMS IN TRANSITION COUNTRIES: THE STYLIZED FACTS --
Fiscal Stabilization and Debt Dynamics --
Patterns of Fiscal Adjustment and Public Spending --
The Size of Government --
Composition of General Government Spending --
Structure of Revenues in ECA --
Conclusions --
2. DO PUBLIC FINANCE SYSTEMS MATTER FOR GROWTH? --
Success in Fiscal Consolidation --
Fiscal Deficits --
The Size of Government --
The Composition of Expenditures and Structure of Taxes --
Creating Fiscal Space --
Conclusions --
PART II --
SELECTED ISSUES IN PUBLIC EXPENDITURE --
3. INFRASTRUCTURE --
Infrastructure and Economic Growth --
The Legacy of Transition and Recent Performance. Financial Sustainability: Hidden Costs and Priorities for Structural Reform --
Towards Better Management of Public Investment in Infrastructure --
Building Partnerships with the Private Sector --
Conclusions --
4. EDUCATION --
Education and Economic Growth --
Public Education Spending and Education Outcomes --
Enhancing the Efficiency of Education Spending --
The Intrasectoral Allocation of Public Spending --
The Role of Private Spending --
Governance --
Conclusions --
5. HEALTH --
Health Outcomes and Economic Growth --
Models of Health Care Financing --
Patterns of Health Care Spending --
Health Care Spending and Health Outcomes --
Policy Reforms to Enhance Efficiency and Governance --
Conclusions and Policy Recommendations --
6. PENSIONS --
Characteristics of ECA's Pension Systems --
Fiscal Implications --
Social and Poverty Implications --
Options for Reform --
Two Strategies for Reform --
Conclusions --
PART III --
SELECTED ISSUES IN TAXATION --
7. FLAT INCOME TAX REFORMS --
The Rationale for a Flat Income Tax --
Flat Income Taxes in ECA --
Revenue Effects of Flat Tax Reforms --
Changes in Tax Structure --
Simplicity and Compliance --
Conclusions --
8. TAXATION OF LABOR --
Labor taxes in ECA --
Labor Taxation, Employment, and Economic Growth: Theory and Evidence --
Policy Options --
REFERENCES.
Responsibility: edited by Cheryl Gray, Tracey Lane, Aristomene Varoudakis.
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