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The Transition Economies After Ten Years
Fischer, Stanley - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
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Corruption, Structural Reforms, and Economic Performance in the Transition Economies
Abed, George T. - 2000
economies. The paper finds that for four widely used measures of economic performance—growth, inflation, the fiscal balance, and …
Persistent link: https://www.econbiz.de/10014399961
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The Evolution of Output in Transition Economies : Explaining the Differences
Sahay, Ratna - 1999
What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a...
Persistent link: https://www.econbiz.de/10014400551
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From Inflation to Growth : Eight Years of Transition
Doyle, Peter - 1998
by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …
Persistent link: https://www.econbiz.de/10014403461
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Stabilization and Growth in Transition Economies : The Early Experience
Fischer, Stanley - 1996
Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following … an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years …. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of …
Persistent link: https://www.econbiz.de/10014396308
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Inflation and Stabilization in Transition Economies : A Comparison with Market Economies
Végh Gramont, Carlos A. - 1995
the model, the paper reviews the inflation and stabilization experiences of several transition economies in Eastern Europe … and the former Soviet Union. These experiences are then compared to those of high inflation market economies. The paper … concludes that, despite significant differences in the economic structure and institutional framework, the inflation and …
Persistent link: https://www.econbiz.de/10014398765
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New Evidenceon Fiscal Adjustment and Growth in Transition Economies
Gupta, Sanjeev - 2006
This paper analyzes the relationship between fiscal adjustment and real GDP growth in a panel of 26 transition economies during 1992-2001. Unlike most previous studies using cross-country regressions, the paper finds a positive and statistically significant relationship between fiscal adjustment...
Persistent link: https://www.econbiz.de/10014400282
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Globalization and Catching-Up : From Recession to Growth in Transition Economies
Kolodko, Gregorz W. - 2000
The transitional recession in countries of Eastern Europe and the Former Soviet Union has lasted much longer than expected. The legacy of the past and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the...
Persistent link: https://www.econbiz.de/10014399834
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Compliance with IMF Program Indicators and Growth in Transition Economies
Unigovskaya, Anna - 2000
This paper makes use of the IMF’s Database for Monitoring Fund Arrangements (MONA) to investigate whether transition countries that more successfully implement the conditionality of IMF programs tend to show a better performance on recovery and growth. It is not possible to determine a...
Persistent link: https://www.econbiz.de/10014399903
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Recovery and Growth in Transition Economies 1990-1997 : A Stylized Regression Analysis
International Monetary Fund - 1998
This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms...
Persistent link: https://www.econbiz.de/10014400100