Tax reforms and income inequality in former Yugoslav countries: Escaping the avant-garde neoliberalism in the income tax policy

Rakić, Jelena Žarković; Vladisavljević, Marko

doi:10.2298/pan2102231z

Cited by 3 publications

References 19 publications

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FDI-related meritocratic elite and income inequality in post-communist EU countries

Supic,

Josifidis,

Bodor

2024

IJOEM

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PurposeThe aim of this paper is to shed more light on the foreign direct investment (FDI) - income inequality nexus in the post-communist EU countries. Special attention is paid to the emergence of a new meritocratic elite related to foreign capital that tends to replace the old elite inherited from the transition period at the top end of the income distribution.Design/methodology/approachThe macroeconomic model of the relationship between income inequality and FDI is estimated by using the generalized method of moments (GMM) technique. The sample includes 10 post-communist EU member states during the period 1993 to 2020.FindingsThe results suggest that the concentration of the highest level of human capital in foreign-owned enterprises, in the institutional environment under which foreign-owned enterprises are less numerous and pay a higher wage than domestic ones, contributes to the change of the effect of FDI and human capital on income distribution from an initial decrease to a later increase in income inequality.Originality/valueThis paper adds to the existing literature by exploring the distributive impacts of sectoral reallocation of FDI inflows from manufacturing to service sectors from the perspective of heterodox economics. It specifically examines how this shift has facilitated the emergence of a new meritocratic elite associated with foreign capital, which in turn diminishes the overall anti-inequality effect of FDI in the post-communist new EU countries.

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FDI-related meritocratic elite and income inequality in post-communist EU countries

Supic,

Josifidis,

Bodor

2024

IJOEM

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Egalitarianism and redistributive reform in Serbia after 2000

Arandarenko

Pavlović

2023

EKON ANAL

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We investigate post-communist redistributive policies in Serbia, focusing particularly on the period after 2000. Our main argument is that market fundamentalism, which posits that the market is the most efficient solution for the postcommunist transition, has failed to deliver on its promises. The expectation was that, after a temporary transitional sacrifice, the worse-off would benefit equally with the better-off by reaping the rewards of market economic reforms. The anticipated faster growth was supposed to generate more quality jobs as the most effective means to alleviate poverty. Unfortunately, growth has been sluggish, while inequalities in Serbia have experienced rapid and persistent growth since 2000. We look into redistributive reform measures to understand the reasons behind this outcome. Our approach combines applied political philosophy with economic policy analysis - a unique intersection of two social science disciplines. Firstly, our research explores the implicit and explicit normative foundations of postcommunist economic reforms. Secondly, we identify and analyse a pivotal juncture of policy reform in the early 2000s. During this period, the newly-adopted neoliberal taxation and social policies were combined with class- and ethnic-based discriminatory approaches inherited from the pre-1990s socialist era and the post-socialist 1990s, respectively. This combination resulted in distinct, notably pro-rich redistributive patterns in Serbia.

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Left Behind in COVID-19 Times

Vladisavljević

2023

Advances in Public Policy and Administration

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The chapter analyses the effects of income support measures implemented during the first year of the COVID-19 pandemic on poverty and income inequality in Serbia and proposes more efficient alternatives. Results indicate a decrease in poverty and inequality in 2020, compared to 2019, with much of the observed reduction due to the universal cash transfer to the adult population (UCT). However, UCT had high expenditures and contributed to the between-group inequalities increase. The second main measure: transfer to pensioners and social assistance recipients was poorly targeted, as pensioners had below-average poverty rates before the pandemic. Children and the unemployed, who had the highest pre-pandemic poverty rates, were not targeted by specific support measures. In the case of future extreme events, when formulating income support measures, the government should consider pre-crisis differences in income distribution and assess the impact of the crisis on different groups.

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Tax reforms and income inequality in former Yugoslav countries: Escaping the avant-garde neoliberalism in the income tax policy

Cited by 3 publications

References 19 publications

FDI-related meritocratic elite and income inequality in post-communist EU countries

FDI-related meritocratic elite and income inequality in post-communist EU countries

Egalitarianism and redistributive reform in Serbia after 2000

Left Behind in COVID-19 Times

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