Mobilization of Savings in Eastern European Countries: The Role of the State

26 Pages Posted: 15 Feb 2006

See all articles by Vito Tanzi

Vito Tanzi

International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Date Written: January 1991

Abstract

As the countries of Eastern and Central Europe transform their economies from centrally-planned to market-oriented, the question of the role that the governments should play in mobilizing savings to ensure a high growth rate must be addressed. This paper argues that the issue of a good allocation of savings must precede that of mobilization. Much evidence suggests that major distortions have, in the past, dramatically reduced the productivity of investment. The paper discusses some of the institutional changes that will be necessary to ensure a better allocation of savings.

JEL Classification: 027, 050, 124, 320, 822

Suggested Citation

Tanzi, Vito, Mobilization of Savings in Eastern European Countries: The Role of the State (January 1991). IMF Working Paper No. 91/4, Available at SSRN: https://ssrn.com/abstract=884529

Vito Tanzi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Tax Policy Division Fiscal Affairs Department
Washington, DC 20431
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
85
Abstract Views
790
Rank
531,697
PlumX Metrics