International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 1014
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Asst. Prof. Dr. Funda Diril
Session : 2D Finans
Comparison of Fiscal Reforms in Some South and East European Transition Economies
Bazı Güney ve Doğu Avrupa Geçiş Ekonomilerinin Mali Reformlarının Karşılaştırması
- Asst. Prof. Dr. Funda Diril (Dokuz Eylül University, Türkiye)
Abstract
The aim of this paper is to compare fiscal reforms of some of the transition economies in Balkans including The Republic of Macedonia. Since 1990’s former planned economies, which are in the process of economic transformation into market economy have carried out several reforms. During this economic transformation process both the effects and the results of these reforms vary according to the difference between the needs of structural change in each country. In this study, some of the selected transition economies in Balkans are analyzed: Some of the recent members of European Community in Balkans and The Republic of Macedonia are examined in comparison. Analysis of fiscal reforms of these transition economies are evaluated in several headings in reference to the macroeconomic statistics created by international organizations such as OECD, EC and IMF and policy suggestions are proposed accordingly. The government deficit, government debts and tax policy are the significant part of these reforms. Several strategies are implemented in developing support systems for competitive environment and private ownership. Economic shrinkage, current account deficit, low foreign capital and government deficit indicate economic weakness in these countries. The Czech Republic, Bulgaria, The Republic of Macedonia, Romania and Hungary face fiscal problems such as economic shrinkage, debt service and government deficit during the transition process. As being the candidate country for European Union accession; The Republic of Macedonia is approaching to the Maastricht Criteria and has better outcomes in public debt compared to the other countries given above.
JEL codes: E62, H30
Diril, Funda (2014). "Comparison of Fiscal Reforms in Some South and East European Transition Economies" in Proceedings of International Conference of Eurasian Economies 2014, pp.748-757, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.01014
