Liberalization and the Behavior of Output During the Transition From Plan to Market:
This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 97/53 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the capital stock inherited from the old system, liberalization initially leads to transitional unemployment of capital and the contraction of the old enterprise sector. By making room quickly for the new, more efficient enterprises, however, liberalization also sets the stage for recovery and a much higher level of income in the medium term |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 145196997X 9781451969979 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:28Z |
| indexdate | 2024-07-10T09:35:37Z |
| institution | BVB |
| isbn | 145196997X 9781451969979 |
| language | English |
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| spelling | Hernández-Catá, Ernesto Verfasser aut Liberalization and the Behavior of Output During the Transition From Plan to Market Hernández-Catá, Ernesto Washington, D.C International Monetary Fund 1997 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/53 This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the capital stock inherited from the old system, liberalization initially leads to transitional unemployment of capital and the contraction of the old enterprise sector. By making room quickly for the new, more efficient enterprises, however, liberalization also sets the stage for recovery and a much higher level of income in the medium term Online-Ausg http://elibrary.imf.org/view/IMF001/04279-9781451969979/04279-9781451969979/04279-9781451969979.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hernández-Catá, Ernesto Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title | Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title_auth | Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title_exact_search | Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title_exact_search_txtP | Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title_full | Liberalization and the Behavior of Output During the Transition From Plan to Market Hernández-Catá, Ernesto |
| title_fullStr | Liberalization and the Behavior of Output During the Transition From Plan to Market Hernández-Catá, Ernesto |
| title_full_unstemmed | Liberalization and the Behavior of Output During the Transition From Plan to Market Hernández-Catá, Ernesto |
| title_short | Liberalization and the Behavior of Output During the Transition From Plan to Market |
| title_sort | liberalization and the behavior of output during the transition from plan to market |
| url | http://elibrary.imf.org/view/IMF001/04279-9781451969979/04279-9781451969979/04279-9781451969979.xml |
| work_keys_str_mv | AT hernandezcataernesto liberalizationandthebehaviorofoutputduringthetransitionfromplantomarket |