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Middle East and Central Asia > Uzbekistan, Republic of

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Production; Economic theory x
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Cover IMF Working Papers
Rapid Growth in Transition Economies: Growth-Accounting Approach
Mr. Garbis Iradian
This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key question for prospective growth is whether the TFP gains achieved thus far have already eliminated most of the inefficiencies of central planning-and will therefore soon fade away. Underutilized labor combined with the recent trend of faster capital accumulation may play a more important role in the medium-term growth.
Keywords:
WP; TFP growth; technical efficiency; CIS country; physical capital
Cover IMF Working Papers
Inflation in Transition Economies: How Much? and Why?
Mr. Atish R. Ghosh
Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former Soviet Union are now typically in the range of 10–60 percent. This essay examines whether a further reduction in inflation may be necessary. It concludes that low inflation may be important for achieving remonetization of the economy and sustained output growth.
Keywords:
WP; inflation rate; monetization; GDP; Transition Economies; Inflation; Growth; rate of inflation; transition economy; monetization Pr; inflation elasticity; inflation stabilization; Demand for money; Production growth; Monetary base; Public expenditure review; Baltics; Eastern Europe