An Interim Assessment of Ukrainian Output Developments, 2000-01

By J. E. J. De Vrijer, Katrin Elborgh-Woytek, Julian Berengaut, Bogdan Lissovolik, Mark W Lewis

May 1, 2002

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J. E. J. De Vrijer, Katrin Elborgh-Woytek, Julian Berengaut, Bogdan Lissovolik, and Mark W Lewis. An Interim Assessment of Ukrainian Output Developments, 2000-01, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

After a long period of steep decline which followed the breakup of the Soviet Union, Ukraine's economy rebounded in 2000, and the recovery accelerated in 2001. The paper examines the timing and the nature of the recovery from a number of different perspectives such as the presence of idle but productive capital, the stance of domestic policies, real wage developments, learning, and foreign factors. The final chapter presents tentative conclusions, which point to an eclectic explanation involving a range of factors rather then any single major cause of the recovery, as well as an agenda for further research.

Subject: Export performance, Exports, Foreign exchange, International trade, Labor, Labor costs, Real exchange rates, Real wages

Keywords: Baltics, Capital stock, Central and Eastern Europe, Economic activity, Exchange rate, Export equation, Export market growth, Export performance, Export volume growth, Exports, Firm level, Foreign direct investment, Gross investment, Growth, Growth impact, Labor costs, Market economy, Market price, Output decline, Real exchange rates, Real wages, Third World firm, Transition, U.S. dollar, Ukraine, Ukrainian export, WP

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/097
Stock No:

WPIEA0972002
ISBN:

9781451852035
ISSN:

1018-5941

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