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An Interim Assessment of Ukrainian Output Developments, 2000-01

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  • J. E. J. De Vrijer
  • Katrin Elborgh-Woytek
  • Julian Berengaut
  • Bogdan Lissovolik
  • Mark Lewis
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    Abstract

    After a long period of steep decline which followed the breakup of the Soviet Union, Ukraine''s economy rebounded in 2000, and the recovery accelerated in 2001. The paper examines the timing and the nature of the recovery from a number of different perspectives such as the presence of idle but productive capital, the stance of domestic policies, real wage developments, learning, and foreign factors. The final chapter presents tentative conclusions, which point to an eclectic explanation involving a range of factors rather then any single major cause of the recovery, as well as an agenda for further research.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 02/97.

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    Length: 48
    Date of creation: 01 May 2002
    Date of revision:
    Handle: RePEc:imf:imfwpa:02/97

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    1. Tornell, Aaron & Velasco, Andes, 1992. "The Tragedy of the Commons and Economic Growth: Why Does Capital Flow from Poor to Rich Countries?," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1208-31, December.
    2. Michael D. Bordo & Christopher J. Erceg & Charles L. Evans, 1997. "Money, sticky wages, and the Great Depression," International Finance Discussion Papers 591, Board of Governors of the Federal Reserve System (U.S.).
    3. Herschel I. Grossman, 2000. "The Creation of Effective Property Rights," NBER Working Papers 7897, National Bureau of Economic Research, Inc.
    4. Blanchard, Olivier & Kremer, Michael R., 1997. "Disorganization," Scholarly Articles 3659691, Harvard University Department of Economics.
    5. A. Еslund, 2001. "The Myth of Output Collapse After Communism," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    6. Era Dabla-Norris & Scott Freeman, 1999. "The Enforcement of Property Rights and Underdevelopment," IMF Working Papers 99/127, International Monetary Fund.
    7. Ratna Sahay & Jeromin Zettelmeyer & Eduardo Borensztein & Andrew Berg, 1999. "The Evolution of Output in Transition Economies," IMF Working Papers 99/73, International Monetary Fund.
    8. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "From transition to market: Evidence and growth prospects," MPRA Paper 20615, University Library of Munich, Germany.
    9. A. Illarionov, 2000. "Myths and Lessons of the August Crisis," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 43(5), pages 47-67, September.
    10. Ratna Sahay & Stanley Fischer & Carlos A. Végh Gramont, 1998. "From Transition to Market," IMF Working Papers 98/52, International Monetary Fund.
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