Hidden Bibliographic Details
| Other authors / contributors: | Kostial, Kristina, author.
International Monetary Fund. Research Department, issuing body.
International Monetary Fund. Fiscal Affairs Department, issuing body.
|
|---|
| ISBN: | 1283570971
9781283570978
1462373240
9781462373246
1452744238
9781452744230
1451893612
9781451893618
9786613883421
6613883425
|
|---|
| Notes: | Includes bibliographical references (pages 74-78).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | The output decline in the Baltics, Russia and the other countries of the former Soviet Union, following the breakdown of central planning and the disintegration of the Union greatly exceeded expectation: average output in 1995 was more than 40 percent below its level five years earlier. The explanations of the output decline in transition countries discussed in the literature, for instance in Mundell (1997), are wide-ranging. According to a number of studies, the decline is mainly a statistical artifact, reflecting coverage and reporting problems. Other explanations emphasize the role of disorganization and corrections to sectoral misallocation following the breakdown of central planning. Finally, the effects of a credit contraction and reductions in aggregate demand also figure prominently.
|
|---|
| Other form: | Print version: Broeck, Mark de. Output decline in transition. [Washington, D.C.] : International Monetary Fund, Research and Fiscal Affairs Departments, ©1998
|
|---|
