Verfügbarkeit: The Evolution of Output in Transition Economies

The Evolution of Output in Transition Economies: Explaining the Differences

What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-t...

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1. Verfasser:	Sahay, Ratna (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1999
Schriftenreihe:	IMF Working Papers Working Paper No. 99/73
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers
Zusammenfassung:	What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-to-specific modeling approach that allows for differential effects of policies and initial conditions on the private and state sectors and for time-dependent effects of initial conditions. While showing some fragility to model specification, the results point to the preeminence of structural reforms over both initial conditions and macroeconomic variables in explaining cross-country differences in performance and the timing of the recovery
Beschreibung:	1 Online-Ressource (81 p)
ISBN:	1451849443 9781451849448

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spelling	Sahay, Ratna Verfasser aut The Evolution of Output in Transition Economies Explaining the Differences Sahay, Ratna Washington, D.C International Monetary Fund 1999 1 Online-Ressource (81 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/73 What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economies? Using a sample of 26 countries, this paper follows a general-to-specific modeling approach that allows for differential effects of policies and initial conditions on the private and state sectors and for time-dependent effects of initial conditions. While showing some fragility to model specification, the results point to the preeminence of structural reforms over both initial conditions and macroeconomic variables in explaining cross-country differences in performance and the timing of the recovery Online-Ausg Berg, Andrew Sonstige oth Borensztein, Eduardo Sonstige oth Zettelmeyer, Jeromin Sonstige oth http://elibrary.imf.org/view/IMF001/06958-9781451849448/06958-9781451849448/06958-9781451849448.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Sahay, Ratna The Evolution of Output in Transition Economies Explaining the Differences
title	The Evolution of Output in Transition Economies Explaining the Differences
title_auth	The Evolution of Output in Transition Economies Explaining the Differences
title_exact_search	The Evolution of Output in Transition Economies Explaining the Differences
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title_full	The Evolution of Output in Transition Economies Explaining the Differences Sahay, Ratna
title_fullStr	The Evolution of Output in Transition Economies Explaining the Differences Sahay, Ratna
title_full_unstemmed	The Evolution of Output in Transition Economies Explaining the Differences Sahay, Ratna
title_short	The Evolution of Output in Transition Economies
title_sort	the evolution of output in transition economies explaining the differences
title_sub	Explaining the Differences
url	http://elibrary.imf.org/view/IMF001/06958-9781451849448/06958-9781451849448/06958-9781451849448.xml
work_keys_str_mv	AT sahayratna theevolutionofoutputintransitioneconomiesexplainingthedifferences AT bergandrew theevolutionofoutputintransitioneconomiesexplainingthedifferences AT borenszteineduardo theevolutionofoutputintransitioneconomiesexplainingthedifferences AT zettelmeyerjeromin theevolutionofoutputintransitioneconomiesexplainingthedifferences

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