Fiscal expenditures and the GDP – interdependences in transition

Kotosz, Balázs (2006) Fiscal expenditures and the GDP – interdependences in transition. Hungarian Statistical Review, 84 (SN10). pp. 18-39. ISSN 0039-0690

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Abstract

The fall of the so-called socialist economies, as well as their transition to market economies, had one of the most interesting and long lasted economic events of the 20th century. Recently, time series became long enough to be analysed by modern econometric methods. With a simple, two-equation, linear model we can analyse and compare the fiscal policy of seventeen Eastern European countries. The empirical testing of the two versions of the model has been resulted a variegated picture about the relation of the GDP and the government expenditures. The Eastern European transition countries are possessing very different features. The economic processes are country specific and it is difficult to elaborate even a sim-ple economic model to apply for this group of countries.

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