A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2017; you can also visit the original URL.
The file type is
This paper argues that traditional explanations of the fiscal crisis in transition economies overlook the crucial interconnection between the reduction in subsidies expenditure and the decrease in profit tax revenues. It thus contends that the impact on the fiscal budget of the crisis of state-owned enterprises profitability has been largely overestimated in the literature. The net contribution to the government budget from the enterprise sector -defined as profit taxes net ofdoi:10.2139/ssrn.1479553 fatcat:7qf6y3xs4jhvfn6mz6lpeh5ruq