The Uzbek Growth Puzzle /

After the break-up of the Soviet Union, Uzbekistan's output fell less than in any other former Soviet Republic, and growth turned positive in 1996/97. Given the country's hesitant and idiosyncratic approach to reforms, this record has suprised many observers. This paper first shows that a...

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Bibliografske podrobnosti
Glavni avtor: Zettelmeyer, Jeromin
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1998.
Serija:IMF Working Papers; Working Paper ; No. 1998/133
Online dostop:Full text available on IMF
Opis
Izvleček:After the break-up of the Soviet Union, Uzbekistan's output fell less than in any other former Soviet Republic, and growth turned positive in 1996/97. Given the country's hesitant and idiosyncratic approach to reforms, this record has suprised many observers. This paper first shows that a standard panel model of growth in transition systematically underpredicts Uzbek growth from 1992-1996, confirming the view that Uzbekistan's performance consitutes a puzzle. It then attempts to resolve the puzzle by appropriately extending the model. The main result is that Uzbekistan's output performance was driven by a combination of low initial industrialization, its cotton production, and its self-sufficiency in energy.
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Fizični opis:1 online resource (36 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Dostop:Electronic access restricted to authorized BRAC University faculty, staff and students