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Rapid Growth in the CIS Panel Regression Approach

This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilizati...

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Bibliographic Details
Main Author: Iradian, Garbis
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Terms Of Trade
Wealth
Economics
Saving
Capital And Total Factor Productivity
Capacity
Production And Operations Management
Production
Government Consumption
International Economics
Exports And Imports
Nternational Cooperation
Total Factor Productivity
Empirical Studies Of Trade
Macroeconomics
Remittances
Industrial Productivity
Outward Remittances
Cost
Consumption
Economic Policy
Macroeconomics: Consumption
Emigrant Remittances
International Finance
Russian Federation
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilization and market reforms, and favorable external conditions. Some of these factors are unlikely to continue for a very long time. The challenge is to improve the investment climate in the non-primary sectors, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas
Physical Description:42 pages
ISBN:9781451867343

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