Growth Experience in Transition Countries, 90-98

Occasional Papers, April 19, 2000

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Growth Experience in Transition Countries, 90-98

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Bibliographic details

• Published: April 19, 2000
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781557758033.084

Scope and focus

• Reviews output decline and recovery in the 25 countries of eastern and central Europe and the Baltics, Russia, and other countries of the former Soviet Union.
• Examines variation across countries in the extent of output decline, its duration, and the sustainability of recovery in growth.

Key findings

• Although countries began economic transformation with similar circumstances of output decline, the extent of decline, its duration, and the sustainability of recovery varied considerably.
• The most important policies promoting early and sustained recovery were policies that supported financial stabilization and structural reforms in key areas:
  • private sector development
  • the tax system
  • economic liberalization
  • secure property rights

Subject coverage and keywords

• Subject areas: Balance of payments, Economic sectors, Foreign direct investment, Labor, Macrostructural analysis, Privatization, Production, Productivity, Structural reforms
• Keywords include: Asia and Pacific, Baltics, Central and Eastern Europe, country, economy, Europe, Foreign direct investment, market signal, OP, Privatization, Productivity, productivity calculation, rating agency, Structural reforms, transition country, transition economy