Abstract
In this chapter, a version of the Cass-Koopmans economy is used for the purpose of studying the impact of fiscal policy changes on capital accumulation. The focus of the study is on transitional dynamics. It is shown that even moderate change in fiscal policy can have sizeable level effects on income levels along the transition path.
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© 2007 Scott Baier and Gerhard Glomm
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Baier, S., Glomm, G. (2007). Fiscal Policy and Transition: The Case of Poland. In: Nahorski, Z., Owsiński, J.W., Szapiro, T. (eds) The Socio-Economic Transformation. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379039_6
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DOI: https://doi.org/10.1057/9780230379039_6
Publisher Name: Palgrave Macmillan, London
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