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Book Cover
Author Lane, Timothy D. (Timothy David), 1955- author

Title Fiscal constraints on market-oriented reform in a socialist economy / prepared by Timothy D. Lane and Elias Dinopoulos
Published [Washington, D.C.?] : International Monetary Fund, Research Department, 1991
Online access available from:
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Description 1 online resource (iii, 28 pages) : illustrations
Series IMF working paper ; WP/91/75
IMF working paper ; WP/91/75
Summary This paper develops a simple two-sector model of a socialist economy, in which government revenues required for servicing external debt are obtained from taxation of the socialized sector and from import taxes. Wages and employment in the socialized sector are the outcome of Nash bargaining between the government and an import-competing labor-dominated state enterprise with domestic market power. the effects of trade liberalization, demonopolization, technical improvements, and limitations on labors bargaining power are examined, and the implications for privatization are considered. It is shown that some combination of tax reform and debt reduction may be a precondition for market-oriented reforms
Bibliography Includes bibliographical references (pages 27-28)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Mixed economy -- Europe, Eastern.
Socialism -- Europe, Eastern.
Europe, Eastern -- Economic conditions -- 1989-
Form Electronic book
Author Dinopoulos, Elias, author
International Monetary Fund. Research Department, issuing body
ISBN 1281990132