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Fiscal Policy and Economic Growth: Lessons for Eastern Europe and Central Asia
Contributor(s): Varoudakis, Aristomene (Author), Gray, Cheryl (Author), Lane, Tracey M. (Author)

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 ISBN: 0821371819     ISBN-13: 9780821371817
Publisher: World Bank Publications
OUR PRICE: $33.25  

Binding Type: Paperback
Published: June 2007
* Out of Print *

Annotation: 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 flat income taxes without generally suffering revenue losses as a result, but they have not addressed the problem of high payroll taxes and still face many hurdles in improving the efficiency and effectiveness of public spending and revenue generation.
Additional Information
BISAC Categories:
- Business & Economics | Development - Economic Development
- Business & Economics | International - Taxation
Dewey: 338.947
LCCN: 2007022163
Physical Information: 0.58" H x 7.06" W x 9.91" L (1.60 lbs) 331 pages
Features: Bibliography, Illustrated, Maps, Table of Contents
Review Citations: Reference and Research Bk News 11/01/2007 pg. 137
 
Descriptions, Reviews, Etc.
Publisher Description:
Worldwide experience highlights public finance policies that promote economic growth while meeting the need for fundamental public goods. Macroeconomic stability is essential, as large budget deficits retard growth, followed by moderate levels of public spending--around one-third of GDP or less--especially when governance and public administration are weak; that in turn requires efficiency, particularly in areas such as infrastructure, health, education, and social protection; finally, lower income and payroll tax rates can spur investment and employment. The Eastern European and Central Asia countries pioneered flat income taxes without generally suffering revenue losses as a result, but they have not addressed the problem of high payroll taxes and still face many hurdles in improving the efficiency and effectiveness of public spending and revenue generation.
 
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