Output Decline and Government Expenditures in European Transition Economies

Output Decline and Government Expenditures in European Transition Economies
This paper discusses the role of government expenditure policies in the decline in aggregate output in European transition economies. It is argued that there is little evidence for the hypothesis that more expansionary expenditure policies would have helped to mitigate the output decline. While measurement problems allow for very preliminary... READ MORE...

Publication date: June 1994
ISBN 9781451961065
$15.00

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