IDEAS home Printed from https://ideas.repec.org/a/pal/imfstp/v56y2009i4p811-851.html
   My bibliography  Save this article

What Explains the Rapid Growth in Transition Economies?

Author

Listed:
  • Garbis Iradian

Abstract

This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. Using the latest panel data, the paper finds that growth in transition economies has been higher because of the recovery of lost output, progress in market reforms, and favorable external conditions. These results are consistent with estimates from the global sample that includes 123 countries, and are robust to instrumental variable estimations and other robustness tests. A general implication of the findings is that some of the factors behind the rapid growth are unlikely to continue for a very long time and that the challenge would be to further improve the investment climate, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas.

Suggested Citation

  • Garbis Iradian, 2009. "What Explains the Rapid Growth in Transition Economies?," IMF Staff Papers, Palgrave Macmillan, vol. 56(4), pages 811-851, November.
    • Handle: RePEc:pal:imfstp:v:56:y:2009:i:4:p:811-851
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/imfsp/journal/v56/n4/pdf/imfsp20091a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/imfsp/journal/v56/n4/full/imfsp20091a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arize, Augustine C. & Malindretos, John & Ghosh, Dilip, 2015. "Purchasing power parity-symmetry and proportionality: Evidence from 116 countries," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 69-85.
    2. Iwasaki, Ichiro & Kumo, Kazuhiro, 2016. "Decline and Growth in Transition Economies: A Meta-Analysis," CEI Working Paper Series 2016-9, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    3. Yağmur Sağlam & Hüseyin Avni Egeli, 2018. "A Comparison of Domestic Demand and Export-led Growth Strategies for European Transition Economies," Foreign Trade Review, , vol. 53(3), pages 156-173, August.
    4. Tingying Chen & Haitian Lu & Rong Chen & Lina Wu, 2021. "The Impact of Marketization on Sustainable Economic Growth—Evidence from West China," Sustainability, MDPI, vol. 13(7), pages 1-24, March.
    5. Crespo Cuaresma, Jesus & Havettová, Miroslava & Lábaj, Martin, 2013. "Income convergence prospects in Europe: Assessing the role of human capital dynamics," Economic Systems, Elsevier, vol. 37(4), pages 493-507.
    6. Yang Qi & Mingyue Gao & Haoyu Wang & Huijie Ding & Jianxu Liu & Songsak Sriboonchitta, 2023. "Does Marketization Promote High-Quality Agricultural Development in China?," Sustainability, MDPI, vol. 15(12), pages 1-28, June.
    7. Zsolt DARVAS, 2010. "Beyond the Crisis: Prospects for Transition Economies," EcoMod2010 259600042, EcoMod.
    8. Huang, Hongyun & Wang, Fengrong & Song, Malin & Balezentis, Tomas & Streimikiene, Dalia, 2021. "Green innovations for sustainable development of China: Analysis based on the nested spatial panel models," Technology in Society, Elsevier, vol. 65(C).
    9. Radmila Dragutinović Mitrović & Olgica Ivančev, 2010. "Driving Forces Of Economic Growth In The Second Decade Of Transition," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 55(185), pages 7-32, April - J.
    10. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Growth in Transition: A Meta-Analysis," William Davidson Institute Working Papers Series wp1057, William Davidson Institute at the University of Michigan.
    11. Josip Tica & Viktor Viljevac, 2020. "Thirty Years After: Economic Growth in Transition Countries," EFZG Working Papers Series 2005, Faculty of Economics and Business, University of Zagreb.
    12. Khaled Elmawazini & Elias G. Saleeby & Ahmed Ibn el Farouk & Bashayer AL-Naser, 2018. "Tripartite decomposition of labor productivity growth, FDI and human development: evidence from transition economies," Economic Change and Restructuring, Springer, vol. 51(2), pages 153-171, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:imfstp:v:56:y:2009:i:4:p:811-851. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.