Fiscal constraints and the speed of transition.

A model of the process of reallocation of resources from a declining state sector to an expanding private sector is derived. It is demonstrated that the transition is costly in that it involves unemployment and a deterioration of the fiscal balance. In addition, an examination of the interaction o...

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Publicado en:	Journal of Development Economics Vol. 52; pp. 221 - 250
Autores principales:	Chadha, Bankim, Coricelli, Fabrizio
Formato:	Artículo
Publicado:	Elsevier Science February 1997
Materias:	Resource allocation > Mathematical models Central economic planning Economic equilibrium Unemployment Economic change Taxation Budget deficits
Acceso en línea:	Ver este registro en EBSCOhost