Recovery and Growth in Transition Economies 1990-97: A Stylized Regression Analysis

37 Pages Posted: 15 Feb 2006

See all articles by Oleh Havrylyshyn

Oleh Havrylyshyn

International Monetary Fund (IMF) - European Department

Ron van Rooden

International Monetary Fund (IMF) - European Department

Date Written: September 1998

Abstract

This paper analyzes the determinants of growth in 25 transition economies during 1990-97. The paper`s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.

Keywords: Transition and growth, reforms, sustainable growth, initial conditions of transition

JEL Classification: E31, H30, O40, P20

Suggested Citation

Havrylyshyn, Oleh and van Rooden, Ron, Recovery and Growth in Transition Economies 1990-97: A Stylized Regression Analysis (September 1998). IMF Working Paper, Vol. , pp. 1-37, 1998. Available at SSRN: https://ssrn.com/abstract=882706

Oleh Havrylyshyn (Contact Author)

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Ron Van Rooden

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
339
Abstract Views
1,380
rank
88,840
PlumX Metrics