Advanced Search
MyIDEAS: Login

What Explains the Rapid Growth in Transition Economies?

Contents:

Author Info

  • Garbis Iradian
Registered author(s):

    Abstract

    This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. Using the latest panel data, the paper finds that growth in transition economies has been higher because of the recovery of lost output, progress in market reforms, and favorable external conditions. These results are consistent with estimates from the global sample that includes 123 countries, and are robust to instrumental variable estimations and other robustness tests. A general implication of the findings is that some of the factors behind the rapid growth are unlikely to continue for a very long time and that the challenge would be to further improve the investment climate, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.palgrave-journals.com/imfsp/journal/v56/n4/pdf/imfsp20091a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/imfsp/journal/v56/n4/full/imfsp20091a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Palgrave Macmillan in its journal IMF Staff Papers.

    Volume (Year): 56 (2009)
    Issue (Month): 4 (November)
    Pages: 811-851

    as in new window
    Handle: RePEc:pal:imfstp:v:56:y:2009:i:4:p:811-851

    Contact details of provider:
    Web page: http://www.palgrave-journals.com/

    Order Information:
    Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
    Email:
    Web: http://www.palgrave-journals.com/pal/subscribe/index.html

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:pal:imfstp:v:56:y:2009:i:4:p:811-851

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.