Growth and Recovery in Mongolia During Transition

November 1, 2003

Preview Citation

Format: Chicago

Kevin C Cheng. Growth and Recovery in Mongolia During Transition, (USA: International Monetary Fund, 2003) accessed November 12, 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 studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.

Subject: Economic growth, Financial institutions, Growth accounting, Labor, Production, Production growth, Stocks, Total factor productivity

Keywords: Central and Eastern Europe, Deflator, Depreciation rate, Economy, Growth accounting, Growth performance, Mongolia, Output performance, Output recovery, Primary sector, Process, Production growth, Sources of growth, Stocks, Total factor productivity, Transition, Transition economy, Transition process, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/217
Stock No:

WPIEA2172003
ISBN:

9781451875133
ISSN:

1018-5941

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