Liberalization and the Behavior of Output During the Transition From Plan to Market /

This paper deals with liberalization and the evolution of output during the transition from plan to market. It explains why strong liberalization leads to a comparatively steep fall in output early in the transition, but a relatively strong recovery later on. Because it takes time to restructure the...

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Bibliographic Details
Main Authors: Hernández-Catá, Ernesto, Hernández-Catá, Ernesto
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997
Series:IMF Working Papers ; Working Paper No. 97/53
IMF Working Papers; Working Paper ; No. 1997/053
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