| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w7664
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| 来源ID | Working Paper 7664
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| The Transition Economies After Ten Years |
| Stanley Fischer; Ratna Sahay
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| 发表日期 | 2000-04-01
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| 出版年 | 2000
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| 语种 | 英语
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| 摘要 | While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many questions about the relative roles played by adverse initial conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth. |
| 主题 | Other
; Economic Systems
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| URL | https://www.nber.org/papers/w7664
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565219
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推荐引用方式
GB/T 7714 |
Stanley Fischer,Ratna Sahay. The Transition Economies After Ten Years. 2000.
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文件名：
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w7664.pdf
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格式：
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Adobe PDF
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