An Interim Assessment of Ukrainian Output Developments, 2000-01

J. E. J. De Vrijer, Katrin Elborgh-Woytek, Julian Berengaut, Bogdan Lissovolik and Mark Lewis

No 2002/097, IMF Working Papers from International Monetary Fund

Abstract: After a long period of steep decline which followed the breakup of the Soviet Union, Ukraine's economy rebounded in 2000, and the recovery accelerated in 2001. The paper examines the timing and the nature of the recovery from a number of different perspectives such as the presence of idle but productive capital, the stance of domestic policies, real wage developments, learning, and foreign factors. The final chapter presents tentative conclusions, which point to an eclectic explanation involving a range of factors rather then any single major cause of the recovery, as well as an agenda for further research.

Keywords: WP; exchange rate; economic activity; capital stock; U.S. dollar; Ukraine; transition; growth; export market growth; market price; output decline; market economy; growth impact; firm level; Third World firm; foreign direct investment; export equation; export volume growth; Ukrainian export; gross investment; Exports; Real exchange rates; Export performance; Real wages; Labor costs; Baltics; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 48
Date: 2002-05-01
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Citations: View citations in EconPapers (1)

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