|
|
|
|
Author/Editor:
|
Loukoianova, Elena ; Unigovskaya, Anna
|
|
|
|
|
|
Publication Date:
|
August 01, 2004
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 441KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
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 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.
|
|
|
|
Order a print copy
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
