The Transition Economies After Ten Years /

This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, hig...

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Bibliografiske detaljer
Hovedforfatter: Fischer, Stanley
Andre forfattere: Sahay, Ratna
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2000.
Serier:IMF Working Papers; Working Paper ; No. 2000/030
Online adgang:Full text available on IMF
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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 
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520 3 |a This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contribute to growth. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth. 
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700 1 |a Sahay, Ratna. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/030 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/030/001.2000.issue-030-en.xml  |z IMF e-Library