IMF Staff Papers, Volume 49, No. 2

July 11, 2002

Preview Citation

Format: Chicago

Robert P Flood. IMF Staff Papers, Volume 49, No. 2, (USA: International Monetary Fund, 2002) accessed December 22, 2024

Summary

This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The paper analyzes the behavior of real commodity prices over the 1862–1999 progress. It also examines whether average stocks of health and education are converging across countries, and calculates the speed of their convergence using data from 84 countries for 1970–90.

Subject: Commodity prices, Education, Health, Human capital, Inflation, Labor, Prices

Keywords: Africa, Commodity prices, Eastern Europe, Education capital, Exchange rate, Human capital, Income risk, Inflation, Interest rate, Interest rate differential, Optimal subsidy, SP, UIP deviation

Publication Details

Pages:

120
Volume:

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DOI:

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Issue:

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Series:

IMF Staff Papers No. 2002/003
Stock No:

SPIEA0022002
ISBN:

9781589061194
ISSN:

1020-7635

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