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Rapid Growth in the CIS :, Panel Regression Approach, Garbis Iradian

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
Table Of Contents
Contents; Acronyms; I. Introduction and Scope of the Study; II. Overview of Macroeconomic Stabilization and Market Reforms; Tables; 1. Developments of Selected Determinants of Growth in Transition Economies; 2. Market Reforms, Business Environment, and Institutions; Box; 1. Literature Review on Growth in Transition Economies; III. Econometric Analysis; A. Methodology and Data Issues; B. Determinants of Growth; Figures; 1. Investment, 1996-2006; 2. Terms of Trade, 1999-2006; 3. Highly Skilled Expatriates in the OECD; 4. Transfers and Remittances from Russia, 1994-2006
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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