Growth Experience in Transition Countries, 90-98

April 19, 2000

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Format: Chicago

Growth Experience in Transition Countries, 90-98, (USA: International Monetary Fund, 2000) accessed November 24, 2024

Summary

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.

Subject: Balance of payments, Economic sectors, Foreign direct investment, Labor, Macrostructural analysis, Privatization, Production, Productivity, Structural reforms

Keywords: Asia and Pacific, Baltics, Central and Eastern Europe, Country, Economy, Europe, Foreign direct investment, Market signal, OP, Privatization, Productivity, Productivity calculation, Rating agency, Structural reforms, Transition country, Transition economy

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2000/008
Stock No:

S184EA0000000
ISBN:

9781557758033
ISSN:

0251-6365

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