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150128 ||| eng |
| 020 |
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|a 9781451974393
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| 245 |
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|a Output Decline in Transition
|b The Case of Kazakhstan
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1998
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| 300 |
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|a 78 pages
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| 651 |
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4 |
|a Kazakhstan, Republic of
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| 653 |
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|a Inflation
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| 653 |
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|a Agribusiness
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| 653 |
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|a Labour; income economics
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| 653 |
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|a Capital and Total Factor Productivity
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| 653 |
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|a Cost
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Production
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| 653 |
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|a Industrial sector
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| 653 |
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|a Industries: General
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| 653 |
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|a Economic sectors
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| 653 |
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|a Agriculture: General
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| 653 |
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|a Total factor productivity
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| 653 |
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|a Agricultural industries
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| 653 |
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|a Money
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| 653 |
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|a Labor
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| 653 |
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|a Investments: Commodities
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| 653 |
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|a Commodities
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| 653 |
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|a Agricultural sector
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| 653 |
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|a Labor Economics: General
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Agricultural economics
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| 653 |
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|a Socialist Systems and Transitional Economies: National Income, Product, and Expenditure
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| 653 |
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|a Capacity
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| 653 |
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|a Investment & securities
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| 653 |
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|a Commercial products
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| 653 |
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|a Commodity Markets
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| 653 |
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|a Industrial Organization: General
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| 653 |
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|a Industries
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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Labor economics
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| 710 |
2 |
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|a International Monetary Fund
|
| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451974393.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1998/045/001.1998.issue-045-en.xml?cid=2559-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The decline is documented at the aggregate and sectoral levels, and the quality of the available data is reviewed. A growth accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under central planning has contributed to the output decline. In addition, strong evidence is found that disorganization and inherited sectoral misallocation have played a significant role. Credit contractions and reductions in aggregate demand may have had an effect, but clear patterns of causality cannot be established
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