Obtstacles to Faster Growth in Transition Economies: The Mongolian Case

March 1, 2001

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

The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising economic growth and per capita output.

Subject: Domestic savings, Expenditure, Labor, Labor share, National accounts, Public expenditure review, Real wages

Keywords: bank restructuring bond, Domestic savings, firm, government, government ownership, government policy, government saving, Growth, Labor share, Mongolia, production function, Public expenditure review, Real wages, savings behavior, savings equation, Transition, transition economy, Western Europe, WP

Pages:
20
Volume:
2001
DOI:
https://doi.org/10.5089/9781451845570.001
Issue:
037
Series:
Working Paper No. 2001/037
Stock No:
WPIEA0372001
ISBN:
9781451845570
ISSN:
1018-5941

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