| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1160
|
| DP1160 Demand-Driven Financial Development |
| Gilles Saint-Paul
|
| 发表日期 | 1995-04-30
|
| 出版年 | 1995
|
| 语种 | 英语
|
| 摘要 | This paper analyses the distribution and allocation of budgetary subsidies and tax arrears in Central and Eastern Europe. Budgetary subsidies are relatively small in aggregate, highly sector specific, and the manufacturing sector receives few of them. Tax arrears, by contrast, are a significant problem, and the paper argues they can be considered a form of government subsidy. Data for the various Visegrád countries suggest that the total stock of tax arrears is on the order of 5- 10% of GDP, the annual flow of tax arrears is around 2% of GDP, and the annual flow of tax arrears to the manufacturing sector is around 1% of GDP. Survey data from Hungary and Poland show that tax arrears are concentrated in a small number of low profitability firms; the main correlate of tax arrears is low profitability; and the flow of new tax arrears is the main financing that enables these very unprofitable firms to continue to operate. |
| 主题 | Financial Economics
|
| 关键词 | Central and eastern europe
Financial distress
Subsidies
Tax arrears
|
| URL | https://cepr.org/publications/dp1160
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530302
|
推荐引用方式
GB/T 7714 |
Gilles Saint-Paul. DP1160 Demand-Driven Financial Development. 1995.
|
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