The Impact of Fiscal Policy on Economic Growth: Analyses and Options for Transition Countries

PD Dr. Ulrich Thießen

doi:10.5771/9783845201214

Summary

Spätestens seit J. M. Keynes gehört die Analyse fiskalpolitischer Effekte auf das Wirtschaftswachstum zu den interessantesten volkswirtschaftichen Fragestellungen. Seither hat sich in der Analyse der Fiskalpolitik sehr viel verändert, nicht nur methodisch, sondern auch hinsichtlich der als bedeutend angesehenen Bereiche.

Am Beispiel des großen europäischen Flächenstaates und wichtigen Transformationslandes Ukraine werden in fünf Kapiteln moderne Aspekte der Fiskalpolitik analysiert: Erstens, kann ein höherer Grad fiskalischer Dezentralisierung im Sinne von mehr Entscheidungsspielraum der unteren staatlichen Ebenen mehr Wirtschaftswachstum bringen und wenn ja, unter welchen Bedingungen? Zweitens, welche der potenziell möglichen Ursachen sind für die Entwicklung der Schattenwirtschaft statistisch signifikant, welche sind wirtschafts- und fiskalpolitisch beeinflussbar, und wie hoch ist ihr jeweiliger quantitativer Einfluss? Drittens, leistet das Finanzausgleichsystem eine wirksame Umverteilung unter den Regionen und welche Effekte hat es auf das Wirtschaftswachstum, und zwar auch getrennt nach Geber- und Nehmerregionen? Viertens, wie ist die Nachhaltigkeit (sustainability) der Fiskalpolitik zu beurteilen, und gibt es relativ einfache Regeln, mit denen Fiskalpolitik langfristig verstetigt werden kann, um so Krisen zu vermeiden und die langfristige Handlungsfähigkeit des Staates zu sichern? Fünftens, inwieweit ist Sozialpolitik Fiskalpolitik, und können die dort eingesetzten Ressourcen für die Zielerreichung effizienter eingesetzt werden?

Jede dieser Fragen wird auf Basis einer Analyse beantwortet, woraus wirtschaftspolitische Reformvorschläge abgeleitet werden.

Search publication

Bibliographic data

Edition: 1/2007
Copyright Year: 2007
ISBN-Print: 978-3-8329-2451-5
ISBN-Online: 978-3-8452-0121-4
Publisher: Nomos, Baden-Baden
Language: English
Pages: 181
Product Type: Monograph

Titelei/Inhaltsverzeichnis No access Pages 2 - 14
Authors:
1. The Issue: How to Conduct Successful Reforms for Economic Growth in a Country With Strong Adverse 'Initial Conditions'? Using Ukraine as an Example No access Pages 15 - 19
  Authors:
2. Structure of the Book No access Pages 19 - 22
  Authors:
3. Acknowledgements No access Pages 22 - 22
  Authors:
References No access Pages 22 - 23
Authors:
1. Introduction No access Pages 24 - 25
  Authors:
2. Brief review of the empiricalliterature on fiscal decentralization No access Pages 25 - 26
  Authors:
3. Fiscal decentralization and economic growth No access Pages 26 - 30
  Authors:
4. 1. Analytical Background No access Pages 30 - 31
    Authors:
  2. Country Sample No access Pages 31 - 32
    Authors:
  3. Indicators of Fiscal Decentralization No access Pages 32 - 40
    Authors:
5. 1. Specification No access Pages 40 - 43
    Authors:
  2. Results No access Pages 43 - 48
    Authors:
6. 1. Specification No access Pages 48 - 49
    Authors:
  2. Results No access Pages 49 - 51
    Authors:
7. 1. Specification No access Pages 51 - 52
    Authors:
  2. Results No access Pages 52 - 54
    Authors:
8. Concluding remarks and tentative implications for Ukraine No access Pages 54 - 58
  Authors:
9. 1. Indicators of Fiscal Decentralization No access Pages 58 - 60
    Authors:
  2. Total Factor Productivity Growth No access Pages 60 - 60
    Authors:
  3. Data No access Pages 60 - 62
    Authors:
10. References No access Pages 62 - 64
  Authors:
1. Introduction No access Pages 65 - 66
  Authors:
2. 1. Methods and Background No access Pages 66 - 67
    Authors:
  2. Situation and Policy Measures No access Pages 67 - 68
    Authors:
  3. Model Description No access Pages 68 - 72
    Authors:
  4. Results No access Pages 72 - 76
    Authors:
  5. Trends and Simulations No access Pages 76 - 80
    Authors:
3. Comparison with estimates based on electricity consumption No access Pages 80 - 83
  Authors:
4. Conc1usions No access Pages 83 - 84
  Authors:
5. 1. Proxy for the Effective Regulatory Burden No access Pages 84 - 87
    Authors:
  2. Proxy for the Complexity of the Tax System No access Pages 87 - 88
    Authors:
  3. Proxy for the Amount of Circulating Foreign Currency and Estimates of the Shadow Economy Financed Through U se of Foreign Currency No access Pages 88 - 89
    Authors:
  4. Sources of Data No access Pages 89 - 89
    Authors:
6. References No access Pages 89 - 90
  Authors:
1. Introduction No access Pages 91 - 93
  Authors:
2. Stylized characteristics of the fiscal equalization system No access Pages 93 - 96
  Authors:
3. Measuring the effective degree of equalization No access Pages 96 - 98
  Authors:
4. 1. Model Description No access Pages 98 - 105
    Authors:
  2. Results No access Pages 105 - 108
    Authors:
5. Qualifications, conc1uding remarks and potential implications for other countries No access Pages 108 - 110
  Authors:
6. Appendix: Determinants of transfers No access Pages 110 - 112
  Authors:
7. References No access Pages 112 - 113
  Authors:
1. Introduction and background No access Pages 114 - 116
  Authors:
2. 1. The rate of return of public sector investment No access Pages 116 - 118
    Authors:
  2. Crowding-out of firms from the credit market No access Pages 118 - 120
    Authors:
  3. Authors:
    1. Income distribution No access
      Authors:
    2. External current account balance No access
      Authors:
    3. Creditworthiness No access
      Authors:
  4. Limiting public interest expenditure and debt No access Pages 122 - 123
    Authors:
  5. Calculating the sustainable consolidated budget deficit No access Pages 123 - 124
    Authors:
  6. External debt and exchange rate changes No access Pages 124 - 126
    Authors:
3. 1. Assumptions No access Pages 126 - 129
    Authors:
  2. Results No access Pages 129 - 130
    Authors:
4. 1. The level of debt No access Pages 130 - 131
    Authors:
  2. Improvements of the regulatory framework No access Pages 131 - 132
    Authors:
5. Concluding remarks No access Pages 132 - 134
  Authors:
6. 1. Fiscal Sustainability Scenario No access Pages 134 - 137
    Authors:
  2. Derivation of equation 1, section H. 5., concerning domestic debt No access Pages 137 - 141
    Authors:
  3. Derivation of equation 2, section 11. 6., concerning extern al debt No access Pages 141 - 144
    Authors:
7. References No access Pages 144 - 144
  Authors:
1. Introduction No access Pages 145 - 147
  Authors:
2. Definition and extent of social benefits No access Pages 147 - 150
  Authors:
3. 1. Authors:
    1. Overlapping (Plurality) of Benefits No access
      Authors:
    2. Identifying Social Security Benefits that are not Means Tested No access
      Authors:
  2. Authors:
    1. Subsidies for Communal Services No access
      Authors:
    2. Authors:
      1. Overview of Theoretical and Empirical Findings No access
        Authors:
    3. Expenditure on Health No access
      Authors:
    4. Avoiding Plurality of Social Security Benefits No access
      Authors:
4. 1. Pension Fund No access Pages 160 - 164
    Authors:
  2. Social Protection Fund No access Pages 164 - 164
    Authors:
  3. Health Insurance No access Pages 164 - 166
    Authors:
  4. Unemployment Insurance No access Pages 166 - 168
    Authors:
  5. Shifting the Social Security Contributions from the Employer to the Employee No access Pages 168 - 168
    Authors:
5. 1. Problems with the Social Sphere No access Pages 168 - 170
    Authors:
  2. Basic Reform Proposals No access Pages 170 - 171
    Authors:
6. Concluding remarks No access Pages 171 - 173
  Authors:
7. References No access Pages 173 - 174
  Authors:
Conclusions No access Pages 175 - 175
Authors:
Fiscal Dezentralization and Economic Growth No access Pages 175 - 175
Authors:
Fiscal Policies and Shadow Economy No access Pages 176 - 176
Authors:
Fiscal Federalism No access Pages 177 - 177
Authors:
Fiscal Sustainability No access Pages 178 - 179
Authors:
Reforming the Social Security System and Social Policies No access Pages 180 - 181
Authors: