{
  "title": "Growth Experience in Transition Countries, 90-98",
  "publication": "Occasional Papers, April 19, 2000",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/growth-experience-in-transition-countries-90-98-3562",
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  "summary": "This study, another in the series focusing on special issues in transition, reviews the experience of 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.",
  "sections": [
    {
      "heading": "Scope and focus",
      "content": "- 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.\n- Examines variation across countries in the extent of output decline, its duration, and the sustainability of recovery in growth."
    },
    {
      "heading": "Key findings",
      "content": "- Although countries began economic transformation with similar circumstances of output decline, the extent of decline, its duration, and the sustainability of recovery varied considerably.\n- The most important policies promoting early and sustained recovery were policies that supported financial stabilization and structural reforms in key areas:\n  - private sector development\n  - the tax system\n  - economic liberalization\n  - secure property rights"
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Balance of payments, Economic sectors, Foreign direct investment, Labor, Macrostructural analysis, Privatization, Production, Productivity, Structural reforms\n- 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\n\n---\n\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/growth-experience-in-transition-countries-90-98-3562"
    }
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    "Published: April 19, 2000",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781557758033.084",
    "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.",
    "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:",
    "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"
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