Ukraine : The Cost of Weak Institutions / Andrew Tiffin.

Format:

Book

Government document

Author/Creator:

Tiffin, Andrew.

Series:

IMF Working Papers; Working Paper ; No. 2006/167

IMF Working Papers

Language:

English

Subjects (All):

Economic development--Ukraine.

Economic development.

Industrial productivity--Ukraine.

Industrial productivity.

Physical Description:

1 online resource (29 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

Ukraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita income remains low. Using a cross-country stochastic-frontier framework, this paper argues that Ukraine's failure to tap its full potential is mainly a result of its market-unfriendly institutional base. With an inherited Soviet framework that is ill suited to the needs of a market economy, Ukraine has been slow to establish the institutions needed to use its resources efficiently. The paper provides a quantitative guide to the benefits, in terms of potential output, of further structural reform. Looking forward, the study finds that durable growth in Ukraine will depend primarily on the authorities' ability to implement their ambitious reform agenda, and thereby to help secure the basic foundations of a modern market economy.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. EXPLAINING DIFFERENCES IN INCOME ""; ""III. EMPIRICAL ANALYSIS""; ""IV. RESULTS""; ""V. IMPLICATIONS AND DISCUSSION""; ""VI. CAVEATS""; ""VII. CONCLUSIONS""; ""REFERENCES""

Notes:

"July 2006".

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613825629

9781462393190

1462393195

9781452764269

1452764263

9781283513173

128351317X

9781451985924

1451985924

OCLC:

698585657