An analysis of fiscal policy and economic growth: The case of transition economies
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Date
2022
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Abstract
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
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Keywords
The transition economies, capital accumulation, budget deficit, Tax rate