Stabilization, recession and growth in a postsocialist economy

Kołodko, Grzegorz W.

doi:10.1007/bf01101840

Cited by 23 publications

(23 citation statements)

References 11 publications

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“…Director of Finance Institute in Warsaw, Professor of Economics Kolodko (1993) suggests a model of the macroeconomic stabilization pentagon (MSP), based on the study of dynamics and interconnection between five key macroeconomic indices: GDP growth rate (r), unemployment rate (U), inflation rate (CPI), state budget balance to GDP (G), balance of current turnovers to GDP (CA). This model provides economy review, considering internal and external misbalances.…”

Section: Literature Review and Methodsmentioning

confidence: 99%

Assessment of the Ukrainian economy in 2000–2015 based on the macroeconomic stabilization pentagon (MSP) model

Lyulyov

2017

Geopolitics under Globalization

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The main task of the article is to assess the development process of the macroeconomic stabilization in Ukraine during 1997–2016. The work shows the results of author’s own research, carried out using the method of tools given by director of Finance Institute in Warsaw, Professor of Economics Kolodko. This method is based on the assessment of five key macroeconomic indices: GDP rate growth, unemployment rate, inflation rate, state budget balance to GDP, balance of current turnovers to GDP. The results of calculations show that macroeconomic stability level, which is higher than 0.5 was demonstrated by the country only during 1999–2007, and during this period general internal and external stability is kept. Based on the macroeconomic predictions of GDP rate growth, unemployment rate, approved by the Cabinet of Ministers of Ukraine and on the data extrapolation of consumer price index, state budget balance, current account balance, Ukraine’s MSP profile for 2018–2020 was constructed.

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Section: Literature Review and Methodsmentioning

confidence: 99%

Assessment of the Ukrainian economy in 2000–2015 based on the macroeconomic stabilization pentagon (MSP) model

Lyulyov

2017

Geopolitics under Globalization

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“…7. For instance, the high tax burden imposed on state enterprises, or on the profits of the banking sector which resulted from very high spreads between nominal lending and deposit interest rates (Kolodko, 1992a).…”

Section: Endnotesmentioning

confidence: 99%

Perverse effect of fiscal adjustment in transition economies

Kołodko¹

1993

Economics of Transition

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“…Unlike other researcher who are focused on instability, Kolodko (1993) uses the positive essence of the same phenomena -"macroeconomic stabilization" and offers to understand it as "establishment of a macroeconomic system characterized by an equilibrium of flows and stocks alike" (ibid). The author emphasized that stabilization requires more than just a low inflation rate, but institutional and structural transformations.…”

Section: Models Of Macroeconomic Stabilization: Perspectives Of Replimentioning

confidence: 99%

“…Every criterion became a vertical of MSP Model, and therefore as a synthesis of his assumption, Kolodko presented the pentagon that consists of five triangles (Kolodko, 1993). The index of macroeconomic stabilization MSP is measured as (ibid):…”

Section: Msp Mspmentioning

confidence: 99%

Stabilization Pentagon Model: application in the management at macro- and micro-levels

Lyulyov

Shvindina

2017

Problems and Perspectives in Management

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AUTHORSOleksii Lyulyov https://orcid.org/0000-0002-4865-7306 Hanna Shvindina ARTICLE INFOOleksii Lyulyov and Hanna Shvindina (2017) AbstractThe problem of instability of industries, clusters and states influences the countries' economies. Unavoidable changes became an attribute of the strategic planning at every level. As a result, an effective tool is needed to evaluate stability at different levels in such a way that will make it possible to manage the changes. In this paper the concept of Macroeconomic Stabilization Pentagon (MSP) was analyzed for its applicability for the EU countries of low-an-middle-income economies including Ukraine. The data analysis brought new understanding of the assessment of the public policies' effectiveness. The model has proven its efficiency not just in the sphere of public administration, but also for the micro level management. The authors proposed the Microeconomic Stabilization Pentagon to be implemented in the research at the level of enterprises.

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Stabilization, recession and growth in a postsocialist economy

Cited by 23 publications

References 11 publications

Assessment of the Ukrainian economy in 2000–2015 based on the macroeconomic stabilization pentagon (MSP) model

Assessment of the Ukrainian economy in 2000–2015 based on the macroeconomic stabilization pentagon (MSP) model

Perverse effect of fiscal adjustment in transition economies

Stabilization Pentagon Model: application in the management at macro- and micro-levels

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