Analysis of Recent Growth in Low-Income CIS Countries
IMF Working Papers, August 1, 2004
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- Analysis of Recent Growth in Low-Income CIS Countries
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Bibliographic details
- Authors: Elena Loukoianova, Anna Unigovskaya
- Published: August 1, 2004
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451857061.001
Authors and publication
- By Elena Loukoianova, Anna Unigovskaya
- August 1, 2004
- IMF Working Papers, Series: Working Paper No. 2004/151
- Issue: 151
- Volume: 2004
- Pages: 39
- DOI: https://doi.org/10.5089/9781451857061.001
- ISBN: 9781451857061
- ISSN: 1018-5941
Main empirical findings
- 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.
- In the early years of transition the output recovery was mainly driven by consumption.
- Economic growth has concentrated in agriculture and the raw material sectors, and, thus, is vulnerable to changes in external conditions.
- Structural reforms matter for growth, which is consistent with previous research on growth in transition countries.
Analytical focus and methods (as described)
- Analysis centers on factors determining recent economic growth in the low-income countries of the Commonwealth of Independent States.
- The paper links sectoral productivity dynamics, export expansion, and the composition of growth (agriculture and raw materials) to vulnerability to external shocks.
- Emphasizes the role of structural reforms in explaining cross-country growth differences within transition economies.
Subject terms and keywords
- Subject: Agricultural sector, Growth accounting, Labor, Total factor productivity, Transportation
- Keywords: CIS Goskomstat, exchange rate, real GDP, TFP growth, WP
Source: IMF Working Paper — "Analysis of Recent Growth in Low-Income CIS Countries" by Elena Loukoianova and Anna Unigovskaya, August 1, 2004.