Liberalization and the Behavior of Output During the Transition From Plan to Market /

This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Hernandez-Cata, Ernesto
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1997.
Sraith:IMF Working Papers; Working Paper ; No. 1997/053
Ábhair:
Rochtain ar líne:Full text available on IMF
LEADER 01909cas a2200313 a 4500
001 AALejournalIMF000342
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451969979 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Hernandez-Cata, Ernesto. 
245 1 0 |a Liberalization and the Behavior of Output During the Transition From Plan to Market /  |c Ernesto Hernandez-Cata. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1997. 
300 |a 1 online resource (29 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the capital stock inherited from the old system, liberalization initially leads to transitional unemployment of capital and the contraction of the old enterprise sector. By making room quickly for the new, more efficient enterprises, however, liberalization also sets the stage for recovery and a much higher level of income in the medium term. 
538 |a Mode of access: Internet 
650 7 |a Liberalization  |2 imf 
650 7 |a Output  |2 imf 
650 7 |a Real GDP  |2 imf 
650 7 |a Transition  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Russian Federation  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1997/053 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1997/053/001.1997.issue-053-en.xml  |z IMF e-Library