Crowding out vs. crowding in effects in transitional countries

• Published in: Perspectives of Innovations, Economics and Business Vol. 15; no. 4; pp. 126 - 136
• Main Author: Maric, Zeljko
• Format: Journal Article
• Language: English
• Published: Prague Development Center 01.12.2015
• Subjects: Bosnia and Herzegovina; Economy; Expenditures, Public; Fiscal policy; Unemployment; Bosnia and Herzegovina; public expenditure; crowding out; transitional countries; crowding in

In general, transitional countries have the higher level of factor of production unemployment, significantly under the level of full employment. According to the economic theory and historical experiences of today developed countries, the appropriate economic policy for transitional countries should...