Obtstacles to Faster Growth in Transition Economies: The Mongolian Case
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Summary:
The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising economic growth and per capita output.
Series:
Working Paper No. 2001/037
Subject:
Domestic savings Expenditure Labor Labor share National accounts Public expenditure review Real wages
English
Publication Date:
March 1, 2001
ISBN/ISSN:
9781451845570/1018-5941
Stock No:
WPIEA0372001
Pages:
20
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