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Rapid Growth in the CIS: Panel Regression Approach

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  • Mr. Garbis Iradian

Abstract

This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilization and market reforms, and favorable external conditions. Some of these factors are unlikely to continue for a very long time. The challenge is to improve the investment climate in the non-primary sectors, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas.

Suggested Citation

  • Mr. Garbis Iradian, 2007. "Rapid Growth in the CIS: Panel Regression Approach," IMF Working Papers 2007/170, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/170
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    2. C Veermani, 2009. "Impact of Imported Intermediate and Capital Goods on Economic Growth: A Cross Country Analysis," Working Papers id:1968, eSocialSciences.
    3. 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.
    4. Melecky, Martin, 2012. "Macroeconomic dynamics in Macedonia and Slovakia: Structural estimation and comparison," Economic Modelling, Elsevier, vol. 29(4), pages 1377-1387.
    5. Zsolt DARVAS, 2010. "Beyond the Crisis: Prospects for Transition Economies," EcoMod2010 259600042, EcoMod.
    6. Katarzyna Baran, 2013. "The Determinants Of Economic Growth In Hungary, Poland, Slovakia And The Czech Republic In The Years 1995-2010," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(3), pages 7-26, September.
    7. Uwe Böwer & Alessandro Turrini, 2009. "EU accession: A road to fast-track convergence?," European Economy - Economic Papers 2008 - 2015 393, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    8. Gabor Oblath & Eva Palocz & David Popper & Akos Valentinyi, 2015. "Economic convergence and structural change in the new member states of the European Union Convergence in volumes, prices and the share of services, with implications for wage convergence: an expenditu," CERS-IE WORKING PAPERS 1544, Institute of Economics, Centre for Economic and Regional Studies.
    9. M. Yu. Golovnin & R. S. Grinberg, 2021. "Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 14(5).

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