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Rapid Growth in the CIS; Panel Regression Approach

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  • Garbis Iradian

Abstract

This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilization and market reforms, and favorable external conditions. Some of these factors are unlikely to continue for a very long time. The challenge is to improve the investment climate in the non-primary sectors, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas.

Suggested Citation

  • Garbis Iradian, 2007. "Rapid Growth in the CIS; Panel Regression Approach," IMF Working Papers 07/170, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/170
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    Citations

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    Cited by:

    1. Katarzyna Baran, 2013. "The Determinants Of Economic Growth In Hungary, Poland, Slovakia And The Czech Republic In The Years 1995-2010," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(3), pages 7-26, September.
    2. Martin Melecky & Evgenij Najdov, 2010. "Comparing constraints to economic stabilization in Macedonia and Slovakia: macroestimates with micronarratives," Applied Financial Economics, Taylor & Francis Journals, vol. 20(9), pages 681-699.
    3. C Veermani, 2009. "Impact of Imported Intermediate and Capital Goods on Economic Growth: A Cross Country Analysis," Working Papers id:1968, eSocialSciences.
    4. Melecky, Martin, 2012. "Macroeconomic dynamics in Macedonia and Slovakia: Structural estimation and comparison," Economic Modelling, Elsevier, vol. 29(4), pages 1377-1387.
    5. Uwe Böwer & Alessandro Turrini, 2009. "EU accession: A road to fast-track convergence?," European Economy - Economic Papers 2008 - 2015 393, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Gabor Oblath & Eva Palocz & David Popper & Akos Valentinyi, 2015. "Economic convergence and structural change in the new member states of the European Union Convergence in volumes, prices and the share of services, with implications for wage convergence: an expenditu," IEHAS Discussion Papers 1544, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    7. Zsolt DARVAS, "undated". "Beyond the Crisis: Prospects for Transition Economies," EcoMod2010 259600042, EcoMod.

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    Keywords

    Economic reforms; Economic growth; Remittances; Terms of trade; Transition economies; Workers remittances; Growth; Structural Reforms; real gdp; per capita income;

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