Growth and Recovery in Mongolia During Transition
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper studies Mongolia's experience of growth and recovery during the first decade of its transition to a market-based system and compares it with those of other transition economies. Mongolia, like most other transition economies, experienced a painful, initial "transformational recession" before the economy began to recover, with efficiency gains the main source of growth during the early stages of transition. Mongolia's transition process has been relatively smooth compared with other transition economies, probably reflecting the combined effects of some favorable initial conditions, coupled with the early adoption of appropriate adjustment policies and market-oriented reforms.
Series:
Working Paper No. 2003/217
Subject:
Economic growth Financial institutions Growth accounting Labor Production Production growth Stocks Total factor productivity
English
Publication Date:
November 1, 2003
ISBN/ISSN:
9781451875133/1018-5941
Stock No:
WPIEA2172003
Pages:
27
Please address any questions about this title to publications@imf.org