Output Decline and Recovery in Uzbekistan Past Performance and Future Prospects |
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| Author:
| Zettelmeyer, Jeromin
Taube, Gnther |
| Series title: | IMF Working Papers |
| ISBN: | 978-1-4623-9227-8 |
| Publication Date: | Sep 1998 |
| Publisher: | International Monetary Fund
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| Book Format: | Ebook |
| List Price: | USD $7.50 |
Book Description:
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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 alo≠ (ii)...
More DescriptionWhat 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 alo≠ (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.