01686cas a2200241 a 4500 AALejournalIMF009453 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867343 1018-5941 BD-DhAAL BD-DhAAL Iradian, Garbis. Rapid Growth in the CIS : Panel Regression Approach / Garbis Iradian. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (42 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 analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilization and market reforms, and favorable external conditions. Some of these factors are unlikely to continue for a very long time. The challenge is to improve the investment climate in the non-primary sectors, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/170 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/170/001.2007.issue-170-en.xml IMF e-Library