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Asia and Latin America: a fiscal comparison

Author

Listed:
  • Mitsuhiro Kagami

Abstract

A comparison between East and Southeast Asian countries and Latin Americancountries is made with respect to public finance, Special emphasis is placed on a fiscalcomparison during the 1970s and the 1980s. Government deficits widened more in LatinAmerica than in Asia in the corresponding two periods. An unprecedent price hike in LatinAmerica is positively related to these large deficits. Remarkable increases in interest paymentsfor public debts during the 90s in Latin America narrowed the margin of fiscal policies.Therefore, some measures on debt relief. as well as fundamental tax reform are urgentlyneeded in Latin America. JEL Classification: H11; H50; H60.

Suggested Citation

  • Mitsuhiro Kagami, 1990. "Asia and Latin America: a fiscal comparison," Brazilian Journal of Political Economy, Center of Political Economy, vol. 10(4), pages 503-519.
    • Handle: RePEc:ekm:repojs:v:10:y:1990:i:4:p:503-519:id:1549
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1549/1535
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    Keywords

    public sector funding; public spending;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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