Recovery and Growth in Transition Economies 1990–97

Released on by International Monetary Fund
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  • Recovery and Growth in Transition Economies 1990–97 Book Detail

  • Author : International Monetary Fund
  • Release Date : 1998-09-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 38
  • ISBN 13 : 145192836X
  • File Size : 82,82 MB
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Recovery and Growth in Transition Economies 1990–97 by International Monetary Fund PDF Summary

Book Description: 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.

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