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Growth and Recovery in Mongolia During Transition

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  • Mr. Kevin C Cheng

Abstract

This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.

Suggested Citation

  • Mr. Kevin C Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 2003/217, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2003/217
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    References listed on IDEAS

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    Cited by:

    1. Krasnopjorovs, Olegs, 2013. "Latvijas ekonomikas izaugsmi noteicošie faktori [Factors of Economic Growth in Latvia]," MPRA Paper 47550, University Library of Munich, Germany.
    2. Alex Segura-Ubiergo & Alejandro Simone & Sanjeev Gupta & Qiang Cui, 2010. "New Evidence on Fiscal Adjustment and Growth in Transition Economies," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 52(1), pages 18-37, March.
    3. Enkh-Amgalan BYAMBAJAV & Terukazu SURUGA, 2010. "Effects of Regional Income and Educational Differentials on Migration and Regional Convergence," GSICS Working Paper Series 23, Graduate School of International Cooperation Studies, Kobe University.
    4. World Bank, 2018. "Mongolia Economic Update, July 2018," World Bank Publications - Reports 30103, The World Bank Group.
    5. Краснопёров, Олег, 2012. "Оценка Производственной Функции В Условиях Неопределённости Динамики Физического Капитала [Assessing the production function under the uncertainty of dynamics of the fixed capital]," MPRA Paper 47555, University Library of Munich, Germany.
    6. 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.
    7. Enkh-Amgalan BYAMBAJAV & Terukazu SURUGA, 2009. "Regional Convergence and Migration: The Case of Mongolia 1989-2004," GSICS Working Paper Series 21, Graduate School of International Cooperation Studies, Kobe University.

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