Obtstacles to Faster Growth in Transition Economies: The Mongolian Case

Author/Editor:

Stabley W. Black

Publication Date:

March 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The obstacles to economic growth in Mongolia are modeled with a supply-side growth model calibrated to represent inefficient use of resources and intermediation. Progressive removal of inefficiencies over time by means of privatization of banks and industrial enterprises potentially leads to increased productivity and increased capital accumulation, raising economic growth and per capita output.

Series:

Working Paper No. 2001/037

Subject:

Domestic savings Expenditure Labor Labor share National accounts Public expenditure review Real wages

English

Publication Date:

March 1, 2001

ISBN/ISSN:

9781451845570/1018-5941

Stock No:

WPIEA0372001

Pages:

20

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