Deficit and Debt in Transition: The Political Economy of Public Finances in Central and Eastern Europe

✍ Scribed by Istvan Benczes

Publisher: Central European University Press
Year: 2014
Tongue: English
Leaves: 242
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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.

✦ Table of Contents

Table of Contents
Acknowledgements
List of Tables
List of Figures
List of Boxes
List of Abbreviations
List of Contributors
Introduction: Political Economy and Public Finances
PART I. Cross-Country Analysis of Public Finances in Central and Eastern Europe
Chapter 1. Economic Freedom and Public Debt in Central and Eastern Europe
Chapter 2. Political Business Cycles: Theory and Empirical Findings for the CEE Region
Chapter 3. The Strategic Use of Public Debt in Central and Eastern Europe
Chapter 4. Varieties of Capitalism and Public Finances in Central and Eastern Europe
PART II. Case Studies in the Public Finances of Central and Eastern Europe
Chapter 5. Passive Macroeconomic Populism in the Baltics
Chapter 6. Values, Norms, and Beliefs: The Case of Poland
Chapter 7. Critical Junctures and Unintended Consequences: The Case of Hungary
Chapter 8. Structural Reforms in a Low-Trust Environment: The Case of Slovakia
Chapter 9. Europeanization with a Detour: The Case of Croatia
Index

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