Macroeconomic Results of 20 Years of Transformation in CIS Countries: The Role of Investments

M. Golovnin and D. Ushkalova
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M. Golovnin: Institute of Economics, Russian Academy of Sciences, Moscow, Russia
D. Ushkalova: Institute of Economics, Russian Academy of Sciences, Moscow, Russia

Journal of the New Economic Association, 2014, vol. 21, issue 1, 200-205

Abstract: The last more than 20 years of economic transition in CIS countries led to different results for different countries. Leader countries by economic dynamics (Turkmenistan, Armenia, Azerbaijan, Uzbekistan, Belarus, Kazakhstan) could surpass global economic growth trend for the period 1992- 2012. The main factor of their success was achievement of high investment/GDP ratio, which allowed for acceleration of economic growth on separate time periods.

Keywords: CIS countries; comparative economic analysis; economic growth; investments (search for similar items in EconPapers)
JEL-codes: E22 F43 N10 (search for similar items in EconPapers)
Date: 2014
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