The fiscal crisis in Lebanon. (c1993)

Includes bibliographical references (l. [133-136]).

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Main Author: Dimashkieh, Salim (author)
Format: masterThesis
Published: 1993
Subjects:
Online Access:http://hdl.handle.net/10725/1018
https://doi.org/10.26756/th.1993.17
http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php
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author Dimashkieh, Salim
author_facet Dimashkieh, Salim
author_role author
dc.creator.none.fl_str_mv Dimashkieh, Salim
dc.date.none.fl_str_mv 1993
1993-07-27
2011-11-23T11:30:02Z
2011-11-23T11:30:02Z
2011-11-23
dc.identifier.none.fl_str_mv http://hdl.handle.net/10725/1018
https://doi.org/10.26756/th.1993.17
http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php
dc.language.none.fl_str_mv en
dc.rights.*.fl_str_mv info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Fiscal policy -- Lebanon
Lebanon -- Economic conditions
Monetary policy -- Lebanon
Deficit financing -- Lebanon
Tax and expenditure limitations -- Lebanon
dc.title.none.fl_str_mv The fiscal crisis in Lebanon. (c1993)
dc.type.none.fl_str_mv Thesis
info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/masterThesis
description Includes bibliographical references (l. [133-136]).
eu_rights_str_mv openAccess
format masterThesis
id LAURepo_2ce5e9274dfffe8075faff14ef9c281d
language_invalid_str_mv en
network_acronym_str LAURepo
network_name_str Lebanese American University repository
oai_identifier_str oai:laur.lau.edu.lb:10725/1018
publishDate 1993
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repository.name.fl_str_mv
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spelling The fiscal crisis in Lebanon. (c1993)Dimashkieh, SalimFiscal policy -- LebanonLebanon -- Economic conditionsMonetary policy -- LebanonDeficit financing -- LebanonTax and expenditure limitations -- LebanonIncludes bibliographical references (l. [133-136]).Before the eruption of the civil war in 1975, the Lebanese economy was one of the healthiest and most developed as compared to other developing and even some developed economies, with important industrial, agriculture, financial, and services sectors. Lebanon occupied an important cultural, financial, and industrial position in the Middle East. Government involvement in economic affairs was minimal, and free enterprise reigned supreme. Economic growth was accompanied by relative price-level and financial stability, a strong national currency, and a considerable inflow of capital due to relative political stability in the country. However, since 1975, the civil war has been main determinant on the country's economic and social life. The economy has been experiencing a drastic decline in real output, investment, and the exchange value of the Lebanese Pound, coupled by massive fiscal deficits, ever-increasing public debt, rapid and variable inflation, and a shift away from the Lebanese Pound to foreign currencies. The worsening of economic and political conditions in the country has led to severe worsening of the social conditions: Lebanon now has entered a state of poverty among low and middle-income groups. In fact, the fiscal crisis has been a permanent aspect accompanying economic activity in Lebanon since 1975, which implied and still implying adverse consequences on the economy. The present purpose of this thesis is to investigate the fiscal process in Lebanon during the 1975- 1992 period: it's roots (causes ) , consequences on both the economic and social levels, as well as suggesting some policy measures to halt it . This thesis is composed of an analytical part and an empirical part. The first part deals with the causes and consequences of the fiscal crisis in the Lebanese economy and some recommendations to halt this phenomenon. The second part provides empirical investigation of the major sources of the fiscal crisis in Lebanon. More precisely, the thesis is composed of five chapters. The first chapter presents an historical account of the state of public finance, during the 1964-1974 period. The second chapter presents a historical account of the fiscal crisis in Lebanon during the 1975-1992 period and its causes. The third chapter clarifies the policy measures undertaken by domestic authorities to cease the burden of the fiscal crisis. The fourth chapter exhibits the major consequences of the fiscal crisis in Lebanon, both on theoretical and empirical levels. Finally, the last chapter gives the conclusion of this thesis as well as some policy measures that could help in halting the phenomenon of fiscal crisis in Lebanon.1 bound copy: iii, 132, [4] leaves; tables. Available at RNL.2011-11-23T11:30:02Z2011-11-23T11:30:02Z19932011-11-231993-07-27Thesisinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesishttp://hdl.handle.net/10725/1018https://doi.org/10.26756/th.1993.17http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.phpeninfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/10182021-01-21T10:28:53Z
spellingShingle The fiscal crisis in Lebanon. (c1993)
Dimashkieh, Salim
Fiscal policy -- Lebanon
Lebanon -- Economic conditions
Monetary policy -- Lebanon
Deficit financing -- Lebanon
Tax and expenditure limitations -- Lebanon
status_str publishedVersion
title The fiscal crisis in Lebanon. (c1993)
title_full The fiscal crisis in Lebanon. (c1993)
title_fullStr The fiscal crisis in Lebanon. (c1993)
title_full_unstemmed The fiscal crisis in Lebanon. (c1993)
title_short The fiscal crisis in Lebanon. (c1993)
title_sort The fiscal crisis in Lebanon. (c1993)
topic Fiscal policy -- Lebanon
Lebanon -- Economic conditions
Monetary policy -- Lebanon
Deficit financing -- Lebanon
Tax and expenditure limitations -- Lebanon
url http://hdl.handle.net/10725/1018
https://doi.org/10.26756/th.1993.17
http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php