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An Interim Assessment of Ukrainian Output Developments, 2000-01

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

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.

Suggested Citation

  • J. E. J. De Vrijer & Katrin Elborgh-Woytek & Julian Berengaut & Bogdan Lissovolik & Mark W Lewis, 2002. "An Interim Assessment of Ukrainian Output Developments, 2000-01," IMF Working Papers 02/97, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:02/97
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    References listed on IDEAS

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    1. Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998. "From transition to market: Evidence and growth prospects," MPRA Paper 20615, University Library of Munich, Germany.
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    3. A. Еslund, 2001. "The Myth of Output Collapse After Communism," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    4. Christopher J. Erceg & Michael D. Bordo & Charles L. Evans, 2000. "Money, Sticky Wages, and the Great Depression," American Economic Review, American Economic Association, vol. 90(5), pages 1447-1463, December.
    5. Ratna Sahay & Jeronimo Zettelmeyer & Eduardo Borensztein & Andrew Berg, 1999. "The Evolution of Output in Transition Economies; Explaining the Differences," IMF Working Papers 99/73, International Monetary Fund.
    6. Olivier Blanchard & Michael Kremer, 1997. "Disorganization," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1091-1126.
    7. 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 1208-1231, December.
    8. Era Dabla-Norris & Scott Freeman, 2004. "Enforcement of Property Rights and Underdevelopment," Review of Development Economics, Wiley Blackwell, vol. 8(3), pages 391-405, August.
    9. Era Dabla-Norris & Scott Freeman, 1999. "The Enforcement of Property Rights and Underdevelopment," IMF Working Papers 99/127, International Monetary Fund.
    10. A. Illarionov, 2000. "Myths and Lessons of the August Crisis," Problems of Economic Transition, Taylor & Francis Journals, vol. 43(5), pages 47-67.
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    Cited by:

    1. International Monetary Fund, 2006. "Russian Federation; Selected Issues," IMF Staff Country Reports 06/430, International Monetary Fund.

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