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Republic of Belarus: Selected Issues

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  • International Monetary Fund

Abstract

The analysis of inflation developments in Belarus is hampered by widespread price controls. Persistence of common inflation is generally higher than that of actual inflation. Factor analysis assumes that covariation among time series can be explained by a few unobserved shocks (factors). The dependent variable in our estimations is growth in real GDP per capita in purchasing power parity (PPP) terms, while the explanatory variable of interest is the annual rate of change in the terms of trade.

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  • International Monetary Fund, 2006. "Republic of Belarus: Selected Issues," IMF Staff Country Reports 2006/315, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/315
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    References listed on IDEAS

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    1. Easterly, William & Kremer, Michael & Pritchett, Lant & Summers, Lawrence H., 1993. "Good policy or good luck?: Country growth performance and temporary shocks," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 459-483, December.
    2. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, December.
    3. Turnovsky, Stephen J. & Chattopadhyay, Pradip, 2003. "Volatility and growth in developing economies: some numerical results and empirical evidence," Journal of International Economics, Elsevier, vol. 59(2), pages 267-295, March.
    4. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
    5. Broda, Christian, 2004. "Terms of trade and exchange rate regimes in developing countries," Journal of International Economics, Elsevier, vol. 63(1), pages 31-58, May.
    6. Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," American Economic Review, American Economic Association, vol. 94(4), pages 813-835, September.
    7. Mendoza, Enrique G., 1997. "Terms-of-trade uncertainty and economic growth," Journal of Development Economics, Elsevier, vol. 54(2), pages 323-356, December.
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    Cited by:

    1. Maksim Yemelyanau, 2009. "Inequality in Belarus from 1995 to 2007," BEROC Working Paper Series 01, Belarusian Economic Research and Outreach Center (BEROC).
    2. Ali Alsamawi & Joy Murray & Manfred Lenzen & Daniel Moran & Keiichiro Kanemoto, 2014. "The Inequality Footprints of Nations: A Novel Approach to Quantitative Accounting of Income Inequality," PLOS ONE, Public Library of Science, vol. 9(10), pages 1-10, October.
    3. Maksim Yemelyanau, 2008. "Inequality in Belarus from 1995 to 2005," CERGE-EI Working Papers wp356, The Center for Economic Research and Graduate Education - Economics Institute, Prague.

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