The Design of National Fiscal Frameworks and their impact on the Economic Growth in Central and Eastern Europe

  • Камелия Боянова Асенова Русенски университет " Ангел Кънчев"
Keywords: fiscal framework, public spending, Central and Eastern Europe

Abstract

After the transition to the market economy in the Central and Eastern Europe it has made strong efforts in all countries of the region to accelerate the economic growth.
The economic policy in Central and Eastern Europe aims the reaching of the average value of GDP per capita in EU. It requires to be found all instruments to influence on the aggregate supply. This purpose could be realized with monetary and fiscal instruments. The current research investigates mainly the impact of fiscal framework and variables on the economic growth in the region. On the last stage of testing it adds the money supply, to be compared the impact of fiscal and monetary instruments. The idea to be found appropriate instruments for the region for stimulating the economic growth in new member states of European Union.

Author Biography

Камелия Боянова Асенова, Русенски университет " Ангел Кънчев"
Факултет Бизнес и мениджмънт Департамент Икономика

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Published
2017-08-16
How to Cite
Асенова, К. (2017). The Design of National Fiscal Frameworks and their impact on the Economic Growth in Central and Eastern Europe. Vanguard Scientific Instruments in Management, 11(2). Retrieved from https://vsim-journal.info/index.php?journal=vsim&page=article&op=view&path[]=62