An Interim Assessment of Ukrainian Output Developments, 2000-01

Vrijer, J. E. J. De; Elborgh-Woytek, Katrin; Berengaut, Julian; Lissovolik, Bogdan; Lewis, Mark

doi:10.5089/9781451852035.001

IMF Working Papers

2002

DOI: 10.5089/9781451852035.001

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An Interim Assessment of Ukrainian Output Developments, 2000-01

J. E. J. De Vrijer

Katrin Elborgh-Woytek²,

Julian Berengaut³

et al.

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Cited by 3 publications

References 11 publications

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Growth Recovery in CIS Countries: The Sufficient Minimum Threshold of Reforms

Havrylyshyn

2008

Comp Econ Stud

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Econometrics of transition growth showed that Central Europe recovered earlier because stabilisation, liberalisation and institutions came earlier. Commonwealth of Independent States (CIS) still lag on reforms, and yet growth surged after 2000. This paper shows that the puzzle is only partly explained by energy prices; thus a new question is asked: was there some threshold of reforms sufficient to re-start growth? Indeed, the CIS reached in 2000 the same threshold Central Europe had prior to recovery. Exploring the surprisingly low threshold level of institutions reveals two important insights: institutions lagged well behind liberalisation everywhere; there is not a single country with institutions moving faster than liberalisation. Comparative Economic Studies (2008) 50, 53–78. doi:10.1057/ces.2008.5

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Growth Recovery in CIS Countries: The Sufficient Minimum Threshold of Reforms

Havrylyshyn

2008

Comp Econ Stud

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Ukraine: The Cost of Weak Institutions

Tiffin

2006

SSRN Journal

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Who Is Still Haunted by the Specter of Communism?: Explaining Relative Output Contractions Under Transition

Berengaut

Elborgh-Woytek

2006

Emerging Markets Finance and Trade

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This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.The paper analyzes the initial output decline in transition economies by estimating a crosssection model stressing two major factors-conflicts and the legacies of the Soviet period. We link the Soviet legacies in place at the outset of the transition to the subsequent path for the development of market-related institutions. Institutional development (as proxied by measures of corruption) is used as an intermediate variable. An instrumental variable approach is followed to derive estimates that are not biased by the possible endogeneity of corruption with respect to output developments. Assuming that the extent of Soviet legacies was positively correlated with the length of the communist rule allows us to use the years under the Soviet regime as an instrument.

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An Interim Assessment of Ukrainian Output Developments, 2000-01

Cited by 3 publications

References 11 publications

Growth Recovery in CIS Countries: The Sufficient Minimum Threshold of Reforms

Growth Recovery in CIS Countries: The Sufficient Minimum Threshold of Reforms

Ukraine: The Cost of Weak Institutions

Who Is Still Haunted by the Specter of Communism?: Explaining Relative Output Contractions Under Transition

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