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Inflation and Growth in Transition: Are the Asian Economies Different?

Author

Listed:
  • Mr. Torsten M Sloek
  • Mr. Sanja Kalra

Abstract

This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization and output growth than that of transition economies elsewhere. While initial conditions played an important role in determining the strategy and speed of the transition, growth performance benefited from continued macroeconomic stability and reforms in a key sector (such as agriculture); this confirms the need for sustained and rapid structural reforms and highlights the constraints for sustainable growth posed by weak financial and enterprise sectors.

Suggested Citation

  • Mr. Torsten M Sloek & Mr. Sanja Kalra, 1999. "Inflation and Growth in Transition: Are the Asian Economies Different?," IMF Working Papers 1999/118, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/118
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    Citations

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    Cited by:

    1. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition And International Opening In Asia: The Case Of Vietnam With A Comparison With China And The "Asian Tigers"," Post-Print halshs-00372748, HAL.
    2. Nauro F. Campos & Abrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 793-836, September.
    3. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam With a Comparison With China and the "Asian Tigers"," Cahiers de la Maison des Sciences Economiques bla00031, Université Panthéon-Sorbonne (Paris 1).
    4. Alain Sand-Zantman & Jean Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition And International Opening In Asia: The Case Of Vietnam With A Comparison With China And The “Asian Tigers”," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 42(4), pages 93-130, December.
    5. Mr. Kevin C Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 2003/217, International Monetary Fund.
    6. Burdekin, Richard C.K. & Denzau, Arthur T. & Keil, Manfred W. & Sitthiyot, Thitithep & Willett, Thomas D., 2004. "When does inflation hurt economic growth? Different nonlinearities for different economies," Journal of Macroeconomics, Elsevier, vol. 26(3), pages 519-532, September.
    7. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam with a Comparison with China and the «Asian Tigers»," Post-Print halshs-03721371, HAL.
    8. Mr. Sanjeev Gupta & Mr. Alejandro Simone & Mr. Alex Segura-Ubiergo, 2006. "New Evidence on Fiscal Adjustment and Growth in Transition Economies," IMF Working Papers 2006/244, International Monetary Fund.
    9. Alain Sand-Zantman & Jean-Louis Brillet & Cuong Le Van & Jacques Mazier, 2000. "Modelling Transition and International Opening in Asia: The Case of Vietnam with a Comparison with China and the «Asian Tigers»," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03721371, HAL.

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