01712cas a2200241 a 4500 AALejournalIMF000590 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974393 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Output Decline in Transition : The Case of Kazakhstan. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (78 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents a detailed analysis of the output decline in Kazakhstan in the early years of the transition. The decline is documented at the aggregate and sectoral levels, and the quality of the available data is reviewed. A growth accounting framework quantifies the productivity slowdown in Kazakhstan and illustrates how excessive capital accumulation under central planning has contributed to the output decline. In addition, strong evidence is found that disorganization and inherited sectoral misallocation have played a significant role. Credit contractions and reductions in aggregate demand may have had an effect, but clear patterns of causality cannot be established. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/045 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/045/001.1998.issue-045-en.xml IMF e-Library