Analysis of Recent Growth in Low-Income CIS Countries
August 1, 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.
Subject: Agricultural sector, Growth accounting, Labor, Total factor productivity, Transportation
Keywords: CIS Goskomstat, exchange rate, real GDP, TFP growth, WP
Pages:
39
Volume:
2004
DOI:
Issue:
151
Series:
Working Paper No. 2004/151
Stock No:
WPIEA1512004
ISBN:
9781451857061
ISSN:
1018-5941
