Author/Editor: Sanjeev Gupta, Ke-young Chu.

Release Date:May, 1996

The paper discusses the social protection implications of the weakening financial and administrative capacity of countries undergoing economic transition. The formal sector is shrinking, and more...

Author/Editor: Ludger Schuknecht, Sergio Lugaresi, Jerald Alan Schiff, Gerd Schwartz, Daniel P. Hewitt, Ke-young Chu, Benedict J. Clements, Sanjeev Gupta.

Release Date:August, 1995

Public expenditures policy, together with efforts to raise revenue, is at the core of efficient and equitable adjustment. Public expenditure productivity has critical implications for fiscal more...

Author/Editor: Gerd Schwartz, Ke-young Chu.

Release Date:June, 1994

This paper discusses the role of government expenditure policies in the decline in aggregate output in European transition economies. It is argued that there is little evidence for the hypothesis more...