An institutional analysis of fiscal reform in postcommunist Europe

Theory and Society

Volumn 25, Issue 1, 1996, Pages 45-84

  Campbell, John L ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 21344434732     PISSN: 03042421     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF00140758     Document Type: Article

References (22)

1. Ronald I. McKinnon, "Taxation, money, and credit in a liberalizing socialist economy," in Christopher Clague and Gordon Rausser, editors, The Emergence of Market Economies in Eastern Europe (Cambridge: Basil Blackwell, 1992), 109-127.
2. There is controversy over how deficits affect postcommunist economic development. One view is that in order to finance deficits governments borrow in capital markets or print more money. Borrowing reduces the capital available for private actors and pushes up interest rates, undermines investment, and stifles economic growth and the development of markets, while printing money fuels inflation. See Adrienne Cheasty, "Financing financial deficits," in Vito Tanzi, editor, fiscal Policies in Economies in Transition (Washington, D.C.: International Monetary Fund, 1992), 54-59;
3. International Monetary Fund, World Economic Outlook, May 1994 (Washington, D.C., 1994), 79.
4. The inflationary effects of deficits are of particular concern to international creditors, such as the World Bank, who want to ensure that postcommunist Europe repays its international loans, which is an important reason why they advocate austere fiscal and monetary policies. Alice Amsden, Jacek Kochanowicz, and Lance Taylor, The Market Meets Its Match: Restructuring the Economies of Eastern Europe (Cambridge: Harvard University Press, 1994), 118.
5. Others argue that deficits might not be such a problem if they were used to finance investments in infrastructure and other things that enhance long-term economic growth, but because they are not being used in this manner these benefits presumably have not been forthcoming. See Andras Semjen, "Some fiscal problems during economic transition in Hungary," in Kalman Mizsei, editor, Developing Public Finance in Emerging Market Economies (Boulder: Westview Press, 1994), 32.
6. John L. Campbell, "The state and fiscal sociology," Annual Review of Sociology 19 (1993): 163-185;
7. Fred Block, "The fiscal crisis of the capitalist state," Annual Review of Sociology 7 (1981): 1-27.
8. Olivier Blanchard, Rudiger Dornbusch, Paul Krugman, Richard Layard, and Lawrence Summers, Reform in Eastern Europe. (Cambridge: Massachusetts Institute of Technology Press, 1992);
9. Jeffrey Sachs and David Lipton, "Poland's economic reform," Foreign Affairs 69/3 (1990): 47-66.
10. Alain de Crombrugghe and David Lipton, "The government budget and the economic transformation of Poland," in Olivier Branchard, Kenneth Froot, and Jeffrey Sachs, editors, The Transition in Eastern Europe, vol. 2. (Chicago: University of Chicago Press, 1994): 111-133;
11. International Monetary Fund, World Economic Outlook, May 1993 (Washington, D.C., 1993);
12. David Lipton and Jeffrey Sachs. "Creating a market economy in Eastern Europe: The case of Poland," Brookings Papers on Economic Activity 1 (1990): 24;
13. Sachs and Lipton, "Poland's economic reform," 756-759.
14. Semjen, "Some fiscal problems during economic transition in Hungary," 33.
15. Samuel Brittan, "The economic contradictions of democracy," British Journal of Political Science 5/2 (1975): 129-159;
16. James O'Connor, The Fiscal Crisis of the State (New York: St. Martin's, 1973);
17. Richard Rose and Guy Peters, Can Government Go Bankrupt? (New York: Basic Books, 1978);
18. Joseph A. Schumpeter, "The crisis of the tax state," in Alan Peacock, Wolfgang Stolper, Ralph Turvey, and Elisabeth Henderson, editors. International Economic Papers No. 4 (New York: Macmillan. 1954 [1918]), 5-38;
19. Murray Weidenbaum, "Budgetary quandaries," Society 22/1 (1984): 48-52.
20. Vito Tanzi, Fiscal Policies in Economies in Transition (Washington, D.C.: International Monetary Fund, 1992), 2.
21. Blanchard et al., Reform in Eastern Europe; Lipton and Sachs, "Creating a market economy in Eastern Europe;"
22. Kalman Mizsei and Jacek Rostowski, "Fiscal crises during economic transition in East Central Europe: An overview," in Kalman Mizsei, editor, Developing Public Finance in Emerging Market Economies (Boulder: Westview Press, 1994), 1-17.