Output Decline and Recovery in Uzbekistan : Past Performance and Future Prospects /
What explains Uzbekistan's unusually mild 'transformational recession' and its moderate recovery during 1996-97? We examine potential biases in output measurement, the role of 'special factors'-including initial production structure, natural resources, and public investment...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1998/132 |
| Accés en línia: | Full text available on IMF |
| Sumari: | What explains Uzbekistan's unusually mild 'transformational recession' and its moderate recovery during 1996-97? We examine potential biases in output measurement, the role of 'special factors'-including initial production structure, natural resources, and public investment policies-and sectoral output developments. The main findings are (i) Uzbekistan's relatively favorable output record is not an artifact of measurement alone; (ii) public investment has had no significant effects on growth; (iii) the mildness of Uzbekistan's transitional recession can be accounted for by its favorable initial production structure and its self-sufficiency in energy; (iv) unless reforms are significantly accelerated, medium-term growth prospects are mediocre. |
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| Descripció de l’ítem: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descripció física: | 1 online resource (30 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Accés: | Electronic access restricted to authorized BRAC University faculty, staff and students |