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Output Decline in Transition; The Case of Kazakhstan

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  • International Monetary Fund

Abstract

This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The decline is documented at the aggregate and sectoral levels, and the quality of the available data is reviewed. A growth accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under central planning has contributed to the output decline. In addition, strong evidence is found that disorganization and inherited sectoral misallocation have played a significant role. Credit contractions and reductions in aggregate demand may have had an effect, but clear patterns of causality cannot be established.

Suggested Citation

  • International Monetary Fund, 1998. "Output Decline in Transition; The Case of Kazakhstan," IMF Working Papers 98/45, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:98/45
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    References listed on IDEAS

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    Cited by:

    1. Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in Kazakhstan," Agricultural Distortions Working Paper 48360, World Bank.
    2. Longmire, James L. & Moldashev, Altynbeck, 1999. "Changing Competitiveness of the Wheat Sector of Kazakhstan and Sources of Future Productivity Growth," Economics Working Papers 7686, CIMMYT: International Maize and Wheat Improvement Center.
    3. 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, pages 793-836.
    4. Atakhanova, Zauresh & Howie, Peter, 2007. "Electricity demand in Kazakhstan," Energy Policy, Elsevier, vol. 35(7), pages 3729-3743, July.
    5. Louette, Dominique & Smale, Melinda, 1998. "Farmers' Seed Selection Practices and Maize Variety Characteristics in a Traditionally-Based Mexican Community," Economics Working Papers 7667, CIMMYT: International Maize and Wheat Improvement Center.

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