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Obtstacles to Faster Growth in Transition Economies: The Mongolian Case

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  • Mr. Stabley W. Black

Abstract

The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising economic growth and per capita output.

Suggested Citation

  • Mr. Stabley W. Black, 2001. "Obtstacles to Faster Growth in Transition Economies: The Mongolian Case," IMF Working Papers 2001/037, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2001/037
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    References listed on IDEAS

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    1. Ms. Ratna Sahay & Mr. Jeromin Zettelmeyer & Mr. Eduardo Borensztein & Mr. Andrew Berg, 1999. "The Evolution of Output in Transition Economies: Explaining the Differences," IMF Working Papers 1999/073, International Monetary Fund.
    2. Mr. Anthony R. Boote, 1992. "Assessing Eastern Europe's Capital Needs," IMF Working Papers 1992/012, International Monetary Fund.
    3. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 717-737.
    4. Raymond Torres & John P. Martin, 1989. "Potential Output in the Seven Major OECD Countries," OECD Economics Department Working Papers 66, OECD Publishing.
    5. Black, S. & Moersch, M., 1995. "Investment and Its Financing During the Transition in Central and Eastern Europe," Papers 7, American Institute for Contemporary German Studies-.
    6. Anthony Boote, 1992. "Assessing Eastern Europe's Capital Needs," IMF Staff Papers, Palgrave Macmillan, vol. 39(4), pages 948-956, December.
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    Cited by:

    1. Kishor Sharma & Oyunbadam Davaakhuu, 2015. "Trade Policymaking in a Resource‐rich Landlocked Country: The WTO Review of Mongolia," The World Economy, Wiley Blackwell, vol. 38(9), pages 1350-1367, September.
    2. Mr. Kevin C Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 2003/217, International Monetary Fund.

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