Analysis of Recent Growth in Low-Income CIS Countries

August 1, 2004

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Elena Loukoianova, and Anna Unigovskaya. Analysis of Recent Growth in Low-Income CIS Countries, (USA: International Monetary Fund, 2004) accessed November 23, 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

This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented sectors and expansion of exports may have become the main sources of growth in five of the seven CIS-7 countries, while in the early years of transition the output recovery was mainly driven by consumption; (2) economic growth has concentrated in agriculture and the raw material sectors, and, thus, is vulnerable to changes in external conditions; and (3) structural reforms matter for growth, which is consistent with previous research on growth in transition countries.

Subject: Agricultural sector, Growth accounting, Labor, Total factor productivity, Transportation

Keywords: CIS Goskomstat, Exchange rate, Real GDP, TFP growth, WP

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/151
Stock No:

WPIEA1512004
ISBN:

9781451857061
ISSN:

1018-5941

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