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Details van artikel 47 van 50 gevonden artikelen
| Titel: |
The sustainability of economic transformation |
| Auteur: |
Aizenman, Joshua Isard, Peter |
| Verschenen in: |
Journal of economic policy reform |
| Paginering: | Jaargang 1 (1996) nr. 4 pagina's 413-440 |
| Jaar: |
1996 |
| Inhoud: |
The paper analyzes the feasibility of sustaining both macroeconomic stability and political support during economic transformation. Macroeconomic stability requires that state sector losses plus public infrastructure investment be financed by tax revenue plus any external assistance. Political sustainability depends on the income gains and losses experienced by three groups—state sector workers, private sector workers, and private savers/investors. The aggregate income gains from allowing heterogeneous workers to make occupational choices consistent with their comparative advantages can outweigh or significantly offset the short-run economic efficiency costs of maintaining political support for the transformation. Successful transformation may depend on external assistance, but this need will diminish over time. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 47 van 50 gevonden artikelen
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