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Author : Paul Brenton
Publisher :
ISBN 13 : 9789290792086
Total Pages : 22 pages
Book Rating : 4.7/5 (92 download)
Download or read book Output Decline and Recovery in the Transition Economies written by Paul Brenton and published by . This book was released on 1996 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Günther Taube
Publisher : International Monetary Fund
ISBN 13 : 1451855354
Total Pages : 31 pages
Book Rating : 4.4/5 (518 download)
Download or read book Output Decline and Recovery in Uzbekistan written by Mr.Günther Taube and published by International Monetary Fund. This book was released on 1998-09-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: What explains Uzbekistan’s unusually mild “transformational recession” and its moderate recovery during 1996-97? We examine potential biases in output measurement, the role of “special factors”—including initial production structure, natural resources, and public investment policies—and sectoral output developments. The main findings are (i) Uzbekistan’s relatively favorable output record is not an artifact of measurement alone; (ii) public investment has had no significant effects on growth; (iii) the mildness of Uzbekistan’s transitional recession can be accounted for by its favorable initial production structure and its self-sufficiency in energy; (iv) unless reforms are significantly accelerated, medium-term growth prospects are mediocre.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145192836X
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)
Download or read book Recovery and Growth in Transition Economies 1990–97 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.
Author : Stanley Fischer
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Transition Economies After Ten Years written by Stanley Fischer and published by . This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many questions about the relative roles played by adverse initial conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth.
Author : Olivier Blanchard
Publisher : OUP Oxford
ISBN 13 : 0191521779
Total Pages : 164 pages
Book Rating : 4.1/5 (915 download)
Download or read book The Economics of Post-Communist Transition written by Olivier Blanchard and published by OUP Oxford. This book was released on 1997-08-28 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition in Central and Eastern Europe has led to a U-shaped response of output: a sharp decline in output followed by recovery. Most of the countries of Central Europe seem now firmly on the upside; most of the countries of Eastern Europe are still close to the bottom of the U: an optimistic view is that they are now negotiating the turn. Olivier Blanchard, a distinguished economist who has worked on transition since its beginning, is one of the first to present a unified analysis of the process of transition. The U-shaped response of output, its causes and its implications, are the subject of this book. The text is split into four chapters. The first reviews the facts; the second focuses on the two basic mechanisms underlying transition: reallocation and restructuring; the third looks more closely at a number of issues, from the interactions between restructuring and privatization to the nature of the labour market in transition; the fourth chapter pulls the material together in an analytical model of transition. This model is then used to discuss policy issues, from the design of privatization to the role of fiscal policy in transition.
Author : Mr.Eduardo Borensztein
Publisher : International Monetary Fund
ISBN 13 : 1451849443
Total Pages : 82 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Evolution of Output in Transition Economies written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 1999-05-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-to-specific modeling approach that allows for differential effects of policies and initial conditions on the private and state sectors and for time-dependent effects of initial conditions. While showing some fragility to model specification, the results point to the preeminence of structural reforms over both initial conditions and macroeconomic variables in explaining cross-country differences in performance and the timing of the recovery.
Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781557758033
Total Pages : 58 pages
Book Rating : 4.7/5 (58 download)
Download or read book Growth Experience in Transition Countries, 90-98 written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-04-19 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, another in the series focusing on special issues in transition, reviews the experience of output decline and recovery in the 25 countries of eastern and central Europe and the Baltics, Russia, and other countries of the former Soviet Union. Although these countries began the process of economic transformation with similar circumstances of output decline, the extent of decline, its duration, and the sustainability of recovery in growth varied considerably. The authors explore the factors behind this variation and find that the most important policies promoting early and sustained recovery were ones that supported financial stabilization and structural reforms in key areas such as private sector development, the tax system, economic liberalization, and secure property rights.
Author : Eteri Kvintradze
Publisher : International Monetary Fund
ISBN 13 : 1451982593
Total Pages : 29 pages
Book Rating : 4.4/5 (519 download)
Download or read book Russia's Output Collapse and Recovery written by Eteri Kvintradze and published by International Monetary Fund. This book was released on 2010-04-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The health of the Russian economy still depends heavily on natural resource revenues. The history of the economic collapse and recovery in 1970–2004 provides new evidence on the sources of Russian economic growth, while a survey of the economic literature suggests that the Russian economy could be viewed as a weighted combination of virtual and normal forces. If the Russian economy is considered to be dominated by normal market economy forces, higher energy export receipts provide an opportunity for structural reforms while compensating for social costs, making the economy less vulnerable to decline in world energy prices. However, the domination of virtual forces—value transfers from the energy sector to strategic enterprises—suggests that high world energy prices are masking an inefficient manufacturing sector, and that the Russian economy is highly vulnerable to energy price declines.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145190133X
Total Pages : 39 pages
Book Rating : 4.4/5 (519 download)
Download or read book Recovery and Growth in Transition Economies 1990-1997 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-09-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.
Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781557758033
Total Pages : 0 pages
Book Rating : 4.7/5 (58 download)
Download or read book Growth Experience in Transition Countries, 90-98 written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-04-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, another in the series focusing on special issues in transition, reviews the experience of output decline and recovery in the 25 countries of eastern and central Europe and the Baltics, Russia, and other countries of the former Soviet Union. Although these countries began the process of economic transformation with similar circumstances of output decline, the extent of decline, its duration, and the sustainability of recovery in growth varied considerably. The authors explore the factors behind this variation and find that the most important policies promoting early and sustained recovery were ones that supported financial stabilization and structural reforms in key areas such as private sector development, the tax system, economic liberalization, and secure property rights.
Author : Kevin C. Cheng
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Growth and Recovery in Mongolia During Transition written by Kevin C. Cheng and published by International Monetary Fund. This book was released on 2003-11 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.
Author : Nauro F. Campos
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.X/5 (6 download)
Download or read book Back to the Future written by Nauro F. Campos and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the determinants of long-run economic growth in transition economies. Discusses the limitations of available methods for assessing growth prospects in such countries.
Author : Oleh Havrylyshyn
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (129 download)
Download or read book Recovery and Growth in Transition Economies 1990-97 written by Oleh Havrylyshyn and published by . This book was released on 2006 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of growth in 25 transition economies during 1990-97. The paper`s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.
Author : International Monetary Fund
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (17 download)
Download or read book Growth Experience in Transition Countries, 1990-1998 written by International Monetary Fund and published by . This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, another in the series focusing on special issues in transition, reviews the experience of output decline and recovery in the 25 countries of eastern and central Europe and the Baltics, Russia, and other countries of the former Soviet Union. Although these countries began the process of economic transformation with similar circumstances of output decline, the extent of decline, its duration, and the sustainability of recovery in growth varied considerably. The authors explore the factors behind this variation and find that the most important policies promoting early and sustained recovery were ones that supported financial stabilization and structural reforms in key areas such as private sector development, the tax system, economic liberalization, and secure property rights.
Author : Michael Cuddy
Publisher : Routledge
ISBN 13 : 1351742639
Total Pages : 222 pages
Book Rating : 4.3/5 (517 download)
Download or read book Institutional Change in Transition Economies written by Michael Cuddy and published by Routledge. This book was released on 2019-01-15 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.
Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (121 download)
Download or read book Foreign Exchange Value of the Dollar written by and published by . This book was released on 1984 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Luke
Publisher : Taylor & Francis
ISBN 13 : 1136909095
Total Pages : 505 pages
Book Rating : 4.1/5 (369 download)
Download or read book Transition Economics written by Peter Luke and published by Taylor & Francis. This book was released on 2012-07-26 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.
