Fiscal Constraintson Market-Oriented Reform in a Socialist Economy /
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...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1991.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1991/075 |
| Acesso em linha: | Full text available on IMF |