Browsing by Author "Teha, Moonjoong"

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    An analysis of fiscal policy and economic growth: The case of transition economies
    (2022) Lee, Minsoo; Teha, Moonjoong
    Based on a low level of elasticity of substitution between labour and capital transitional economies, this paper theoretically suggest how they should be able to reach a stable growth path after a period of rapid dynamic short-run movement. The paper places particular emphasis on the role of government fiscal policy in exploring this phenomenon