Analysis of Recent Growth in Low-Income CIS Countries

Author/Editor: Loukoianova, Elena ; Unigovskaya, Anna
Publication Date: August 01, 2004
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Summary: This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented sectors and expansion of exports may have become the main sources of growth in five of the seven CIS-7 countries, while in the early years of transition the output recovery was mainly driven by consumption; (2) economic growth has concentrated in agriculture and the raw material sectors, and, thus, is vulnerable to changes in external conditions; and (3) structural reforms matter for growth, which is consistent with previous research on growth in transition countries.
Series: Working Paper No. 04/151
Subject(s): Economic growth | Armenia | Azerbaijan | Georgia | Kyrgyz Republic | Moldova | Tajikistan | Uzbekistan | Transition economies | Economic recovery

Author's Keyword(s): Transistion economies | growth | recovery | output | CIS-7
Publication Date: August 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1512004 Pages: 39
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