Middle East and Central Asia > Kyrgyz Republic

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André Brotto
,
Adam Jakubik
,
Roberta Piermartini
, and
Fulvio Silvy
This paper studies the impact of the process of accession to the WTO on growth rates in a sample of 150 economies. Unlike GATT-era accessions, WTO accessions involve reforms that extend beyond conventional trade liberalization measures. Using information on the pace of negotiations and requests in the working party's meetings, we construct an index that tracks the progress of reforms in the pre-accession period. We estimate that economies that implemented reforms and made deeper commitments during their WTO accession negotiations grew on average 1.5 percentage points faster than they otherwise would have. These results are robust to instrumental variable estimation and falsification tests.
International Monetary Fund. External Relations Dept.
Programa de trabajo del FMI; asesoramiento del FMI sobre tipos de cambio; pactos comerciales en Asia; cooperaciĂłn econĂłmica en Asia central; CamerĂşn tras el alivio de la deuda; expansiĂłn de los bancos de Austria; conferencia sobre indicadores de solidez financiera; Caruana aborda los cambios de funciones que trae aparejados la globalizaciĂłn financiera.
International Monetary Fund. External Relations Dept.
Programme de travail du FMI ; recommandations du FMI sur le taux de change ; accords commerciaux asiatiques ; Asie centrale ; coopération économique ; le Cameroun après l'allègement de la dette ; spread des banques autrichiennes ; conférence sur les indicateurs de solidité financière ; Caruana : évolution des responsabilités en matière de mondialisation financière.
International Monetary Fund. External Relations Dept.
IMF work agenda; IMF exchange rate advice; Asia's trade pacts; Central Asia: economic cooperation; Cameroon after debt relief; spread of Austrian banks; conference on financial soundness indicators; Caruana on shifting roles in financial globalization.
Mr. Azim M Sadikov
,
Mr. Hans P Lankes
,
Mr. Dustin Smith
,
Ms. Katrin Elborgh-Woytek
, and
Mr. Jean-Jacques Hallaert
The paper contributes to the discussion about the revenue implications of trade reform by assessing the approximate fiscal revenue impact of different liberalization formulae under consideration in multilateral trade negotiations for a group of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import demand elasticities and developing country "flexibilities." While only a small number of countries face a significant impact, results point toward the need for complementary fiscal measures in the countries most affected by revenue loss.
Ms. Katrin Elborgh-Woytek
This paper analyzes developments in the structure of trade in the Commonwealth of Independent States (CIS) during the transition decade, and finds that it changed less than in other transition economies. Trade openness of the CIS increased between 1993 and 1997, but has fallen to a lower-level plateau since then owing to regional and country-specific factors. These include slower progress in transition, geographic aspects, restrictions on trade, governance and corruption problems, weak infrastructure, lack of regional cooperation, and political conflicts. Regression results show that trade openness of the CIS countries would likely increase substantially if market-oriented reforms were pursued more vigorously.
International Monetary Fund. Research Dept.
The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to serve as a summary guide to research done at the IMF on various topics, and to provide a better perspective on the analytical underpinnings of the IMF’s operational work.
Mr. Michael P. Leidy
and
Mr. Ali Ibrahim
This paper reviews the extent to which the Fund’s trade policy advice to the Baltic countries, Russia and other countries of the Former Soviet Union has been implemented. It broadly traces the evolution of trade policies, emphasizing the period from mid-1993 through end-1995, attempting to identify some of the factors affecting uneven progress in trade reform. Based on insights from the public choice literature on endogenous policy theory, the paper makes recommendations for refining Fund advice with a view to facilitating future progress on the trade-policy front.