Fiscal Deficit and Public Debt in the Western Balkans

Fiscal Deficit and Public Debt in the Western Balkans

Author: Zsoka Koczan

Publisher: International Monetary Fund

Published: 2015-07-24

Total Pages: 20

ISBN-13: 1513537709

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In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.


Book Synopsis Fiscal Deficit and Public Debt in the Western Balkans by : Zsoka Koczan

Download or read book Fiscal Deficit and Public Debt in the Western Balkans written by Zsoka Koczan and published by International Monetary Fund. This book was released on 2015-07-24 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.

Government at a Glance: Western Balkans

Government at a Glance: Western Balkans

Author: OECD

Publisher: OECD Publishing

Published: 2020-07-07

Total Pages: 150

ISBN-13: 9264701184

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Government at a Glance: Western Balkans presents information on public governance in the Western Balkan region – covering Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia, and compares it to OECD and OECD-EU countries.


Book Synopsis Government at a Glance: Western Balkans by : OECD

Download or read book Government at a Glance: Western Balkans written by OECD and published by OECD Publishing. This book was released on 2020-07-07 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government at a Glance: Western Balkans presents information on public governance in the Western Balkan region – covering Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia, and compares it to OECD and OECD-EU countries.

Western Balkan Economies in Transition

Western Balkan Economies in Transition

Author: Reiner Osbild

Publisher: Springer

Published: 2018-08-23

Total Pages: 171

ISBN-13: 3319936654

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This book explores the economic and social development of the Western Balkan region, a group of six countries that are potential candidates for EU membership. It focuses on the key economic issues facing these countries, including the challenge of promoting economic growth, limiting public deficits and debt, and fostering international trade relations. Given the severe impact of the recent economic crisis on social welfare in the region, it also investigates the nature and extent of social exclusion, a factor likely to produce future political instabilities if not effectively addressed by a return to sustainable economic growth. The contributions explore these issues in light of the major influence of EU policy instruments and advice, which are currently guiding the economies along an accession trajectory to future EU membership.


Book Synopsis Western Balkan Economies in Transition by : Reiner Osbild

Download or read book Western Balkan Economies in Transition written by Reiner Osbild and published by Springer. This book was released on 2018-08-23 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the economic and social development of the Western Balkan region, a group of six countries that are potential candidates for EU membership. It focuses on the key economic issues facing these countries, including the challenge of promoting economic growth, limiting public deficits and debt, and fostering international trade relations. Given the severe impact of the recent economic crisis on social welfare in the region, it also investigates the nature and extent of social exclusion, a factor likely to produce future political instabilities if not effectively addressed by a return to sustainable economic growth. The contributions explore these issues in light of the major influence of EU policy instruments and advice, which are currently guiding the economies along an accession trajectory to future EU membership.

Deficit and Debt in Transition

Deficit and Debt in Transition

Author: Istvan Benczes

Publisher: Central European University Press

Published: 2014-09-01

Total Pages: 245

ISBN-13: 963386058X

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The adjustment problems of public finance in countries of Central and Eastern Europe (CEE) are often misunderstood and misinterpreted by western scholars. This book contributes to the bridging of the gap between what is being thought by external observers and what the actual public finance reality is, as described by competent local scholars. Popular political economy research has remained biased towards advanced countries and has neglected developing and transition economies. Publications on CEE countries? public finances seem to be reluctant to apply the conceptual framework of standard political economy to these countries because of the assumption that CEE economies are different from their Western peers. But is this really the case? Are CEE economies so much different that none of the well-known ?Western? political economy concepts or models can be applied to the analysis of fiscal performance in the region? Benczes demonstrates that they can be safely applied in the context of CEE economies as well. He sees no need to develop a separate or unique theory designed for the study and understanding of (one-time) transition economies. ÿ


Book Synopsis Deficit and Debt in Transition by : Istvan Benczes

Download or read book Deficit and Debt in Transition written by Istvan Benczes and published by Central European University Press. This book was released on 2014-09-01 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The adjustment problems of public finance in countries of Central and Eastern Europe (CEE) are often misunderstood and misinterpreted by western scholars. This book contributes to the bridging of the gap between what is being thought by external observers and what the actual public finance reality is, as described by competent local scholars. Popular political economy research has remained biased towards advanced countries and has neglected developing and transition economies. Publications on CEE countries? public finances seem to be reluctant to apply the conceptual framework of standard political economy to these countries because of the assumption that CEE economies are different from their Western peers. But is this really the case? Are CEE economies so much different that none of the well-known ?Western? political economy concepts or models can be applied to the analysis of fiscal performance in the region? Benczes demonstrates that they can be safely applied in the context of CEE economies as well. He sees no need to develop a separate or unique theory designed for the study and understanding of (one-time) transition economies. ÿ

Public Infrastructure in the Western Balkans

Public Infrastructure in the Western Balkans

Author: Mr.Ruben V Atoyan

Publisher: International Monetary Fund

Published: 2018-02-07

Total Pages: 71

ISBN-13: 1484337182

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An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding options available to countries in the region. The paper also identifies important bottlenecks for increased infrastructure investment. Finally, the paper quantifies potential growth benefits from addressing infrastructure gaps, concluding that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU. The paper concludes with country-specific policy recommendations.


Book Synopsis Public Infrastructure in the Western Balkans by : Mr.Ruben V Atoyan

Download or read book Public Infrastructure in the Western Balkans written by Mr.Ruben V Atoyan and published by International Monetary Fund. This book was released on 2018-02-07 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding options available to countries in the region. The paper also identifies important bottlenecks for increased infrastructure investment. Finally, the paper quantifies potential growth benefits from addressing infrastructure gaps, concluding that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU. The paper concludes with country-specific policy recommendations.

Fiscal Deficit and Public Debt in the Western Balkans

Fiscal Deficit and Public Debt in the Western Balkans

Author: Zsoka Koczan

Publisher: International Monetary Fund

Published: 2015-07-24

Total Pages: 20

ISBN-13: 1513566393

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In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.


Book Synopsis Fiscal Deficit and Public Debt in the Western Balkans by : Zsoka Koczan

Download or read book Fiscal Deficit and Public Debt in the Western Balkans written by Zsoka Koczan and published by International Monetary Fund. This book was released on 2015-07-24 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.

Public Debt and Economic Growth

Public Debt and Economic Growth

Author: Alfred Greiner

Publisher: Springer Science & Business Media

Published: 2009-07-24

Total Pages: 148

ISBN-13: 3642017452

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Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.


Book Synopsis Public Debt and Economic Growth by : Alfred Greiner

Download or read book Public Debt and Economic Growth written by Alfred Greiner and published by Springer Science & Business Media. This book was released on 2009-07-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.

Economic and Financial Challenges for Balkan and Eastern European Countries

Economic and Financial Challenges for Balkan and Eastern European Countries

Author: Marietta Janowicz-Lomott

Publisher: Springer Nature

Published: 2020-04-27

Total Pages: 348

ISBN-13: 3030399273

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This proceedings book presents selected papers from the 10th international conference on the "Economies of the Balkan and Eastern European Countries in the Changing World" (EBEEC), held in Warsaw, Poland, in May 2018. In addition to discussing the latest research, it includes papers adopting a wide variety of theoretical approaches and empirical methodologies and covering a number of key areas, such as international economics, economic growth, finance and banking, insurance, healthcare, agriculture, labor and energy markets, innovation, management and marketing. In addition, the authors discuss policy instruments and best practices for the region. This book appeals to scholars and students in fields of economics and finance as well as practitioners interested in the development of the region.


Book Synopsis Economic and Financial Challenges for Balkan and Eastern European Countries by : Marietta Janowicz-Lomott

Download or read book Economic and Financial Challenges for Balkan and Eastern European Countries written by Marietta Janowicz-Lomott and published by Springer Nature. This book was released on 2020-04-27 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings book presents selected papers from the 10th international conference on the "Economies of the Balkan and Eastern European Countries in the Changing World" (EBEEC), held in Warsaw, Poland, in May 2018. In addition to discussing the latest research, it includes papers adopting a wide variety of theoretical approaches and empirical methodologies and covering a number of key areas, such as international economics, economic growth, finance and banking, insurance, healthcare, agriculture, labor and energy markets, innovation, management and marketing. In addition, the authors discuss policy instruments and best practices for the region. This book appeals to scholars and students in fields of economics and finance as well as practitioners interested in the development of the region.

Globalization, Southeastern Europe, and the World Economy

Globalization, Southeastern Europe, and the World Economy

Author: Fikret Causevic

Publisher: Routledge

Published: 2015-02-11

Total Pages: 207

ISBN-13: 1317569369

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This book explores the key economic issues facing Southeastern Europe and Bosnia and Herzegovina, within the context of the serious challenges that the global economy has faced in recent years. The book combines rigorous analysis of the issues faced by the region with a constructive approach to identifying solutions for a positive future trajectory. The book starts by exploring the economic challenges facing the world economy both before and during the global economic crisis. The second part of the volume focuses on south-eastern Europe, and especially on the Western Balkans, assessing the best ways of achieving a positive economic future for small open economies in the region. The final part of the volume examines the economic challenges in Bosnia and Herzegovina. The final section examines the economic challenges in Bosnia and Herzegovina, arguing that it is most useful to view the country within the context of the regional and global economies. The book will be extremely useful for scholars working on European Economics, transition economics, and the global economy and the financial crisis.


Book Synopsis Globalization, Southeastern Europe, and the World Economy by : Fikret Causevic

Download or read book Globalization, Southeastern Europe, and the World Economy written by Fikret Causevic and published by Routledge. This book was released on 2015-02-11 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the key economic issues facing Southeastern Europe and Bosnia and Herzegovina, within the context of the serious challenges that the global economy has faced in recent years. The book combines rigorous analysis of the issues faced by the region with a constructive approach to identifying solutions for a positive future trajectory. The book starts by exploring the economic challenges facing the world economy both before and during the global economic crisis. The second part of the volume focuses on south-eastern Europe, and especially on the Western Balkans, assessing the best ways of achieving a positive economic future for small open economies in the region. The final part of the volume examines the economic challenges in Bosnia and Herzegovina. The final section examines the economic challenges in Bosnia and Herzegovina, arguing that it is most useful to view the country within the context of the regional and global economies. The book will be extremely useful for scholars working on European Economics, transition economics, and the global economy and the financial crisis.

OECD Development Pathways Multi-dimensional Review of the Western Balkans Assessing Opportunities and Constraints

OECD Development Pathways Multi-dimensional Review of the Western Balkans Assessing Opportunities and Constraints

Author: OECD

Publisher: OECD Publishing

Published: 2021-06-10

Total Pages: 654

ISBN-13: 9264861769

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The Western Balkans region has come a long way over the last two decades in achieving economic and social progress. With a population of 17.6 million, the region today boasts a combined gross domestic product (GDP) of close to EUR 100 billion, an average GDP per capita of about EUR 5 400 and a comprehensive process of integration with the European Union.


Book Synopsis OECD Development Pathways Multi-dimensional Review of the Western Balkans Assessing Opportunities and Constraints by : OECD

Download or read book OECD Development Pathways Multi-dimensional Review of the Western Balkans Assessing Opportunities and Constraints written by OECD and published by OECD Publishing. This book was released on 2021-06-10 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Western Balkans region has come a long way over the last two decades in achieving economic and social progress. With a population of 17.6 million, the region today boasts a combined gross domestic product (GDP) of close to EUR 100 billion, an average GDP per capita of about EUR 5 400 and a comprehensive process of integration with the European Union.