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Analysis of Recent Growth in Low-Income CIS Countries

Author

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  • Ms. Elena Loukoianova
  • Ms. Anna Unigovskaya

Abstract

This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented sectors and expansion of exports may have become the main sources of growth in five of the seven CIS-7 countries, while in the early years of transition the output recovery was mainly driven by consumption; (2) economic growth has concentrated in agriculture and the raw material sectors, and, thus, is vulnerable to changes in external conditions; and (3) structural reforms matter for growth, which is consistent with previous research on growth in transition countries.

Suggested Citation

  • Ms. Elena Loukoianova & Ms. Anna Unigovskaya, 2004. "Analysis of Recent Growth in Low-Income CIS Countries," IMF Working Papers 2004/151, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2004/151
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    References listed on IDEAS

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    1. Karsten Staehr, 2005. "Reforms and Economic Growth in Transition Economies: Complementarity, Sequencing and Speed," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 177-202, December.
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    Cited by:

    1. Iwasaki, Ichiro & Kumo, Kazuhiro, 2016. "Decline and Growth in Transition Economies: A Meta-Analysis," CEI Working Paper Series 2016-9, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    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. J. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia's Economy: Mapping Future Prospects to 2015," ADB Economics Working Paper Series 80, Asian Development Bank.
    4. World Bank, 2005. "Enhancing the Prospects of Growth and Trade of the Kyrgyz Republic," World Bank Publications - Books, The World Bank Group, number 13533, April.
    5. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia after Fifteen Years of Transition: Growth, Regional Cooperation, and Policy Choices," Working Papers on Regional Economic Integration 3, Asian Development Bank.
    6. John Malcolm Dowling & Ganeshan Wignaraja, 2005. "Central Asia: Mapping Future Prospects," Working Papers 05-2006, Singapore Management University, School of Economics, revised Feb 2006.
    7. repec:ilo:ilowps:397567 is not listed on IDEAS
    8. Nazim, Habibov & Elvin, Afandi, 2009. "Analysis of subjective wellbeing in low-income transitional countries: evidence from comparative national surveys in Armenia,Azerbaijan and Georgia," MPRA Paper 42720, University Library of Munich, Germany.
    9. Matsumoto, Makiko., 2006. "Report of the school-to-work transition survey in Kyrgyzstan," ILO Working Papers 993975673402676, International Labour Organization.
    10. Falcetti, Elisabetta & Lysenko, Tatiana & Sanfey, Peter, 2006. "Reforms and growth in transition: Re-examining the evidence," Journal of Comparative Economics, Elsevier, vol. 34(3), pages 421-445, September.
    11. Malcolm Dowling & Ganeshan Wignaraja, 2006. "Central Asia’s Transition After Fifteen Years : Growth and Policy Choices," Macroeconomics Working Papers 22416, East Asian Bureau of Economic Research.
    12. Mr. Marco Pani & Mr. Etibar Jafarov & Mr. Clinton R. Shiells, 2005. "Is Russia Still Driving Regional Economic Growth?," IMF Working Papers 2005/192, International Monetary Fund.

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