The Ukrainian Economy Since IndependenceDespite the fact that Western governments have provided Ukraine with over $10 billion in foreign aid, little is known of Ukraine's economy since it declared independence from the Soviet Union in 1991. In this book, Professor Banaian describes the halting steps towards transition that Ukraine has taken and analyses their effects. Ukraine is an example of how slow or gradual reform was attempted and stopped. The author argues that this has been the result of several political and economic factors, and that the resulting 'arrested transition' may continue indefinitely. Backed by extensive econometric analysis, the book provides insight into its hyperinflationary experience, the causes of continued economic contraction, Ukraine's experience with exchange rate regime changes, its large underground economy and the prospects for long run growth. The Ukrainian Economy since Independence will be of interest to scholars of the economics and political science of transition as well as policymakers in the area. |
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Page 144
... Table 6.1 Past estimates of labor productivity in Soviet Ukraine Author Period Type of Annual change in Studied production total ( multi ) factor function productivity ( % ) Koropeckyj ( 1981 ) 1960-75 Cobb - Douglas +2.6 Kushnirsky ...
... Table 6.1 Past estimates of labor productivity in Soviet Ukraine Author Period Type of Annual change in Studied production total ( multi ) factor function productivity ( % ) Koropeckyj ( 1981 ) 1960-75 Cobb - Douglas +2.6 Kushnirsky ...
Page 145
... Table 6.2 Net material product , selected years ( in millions of constant 1989 rubles ) 1970 1980 1989 1991 1996 Total output 53118 78459 106876 89223 33992 Industry 29033 49974 70824 64285 24907 Agriculture 11160 8153 9069 7331 4506 ...
... Table 6.2 Net material product , selected years ( in millions of constant 1989 rubles ) 1970 1980 1989 1991 1996 Total output 53118 78459 106876 89223 33992 Industry 29033 49974 70824 64285 24907 Agriculture 11160 8153 9069 7331 4506 ...
Page 147
... Table 6.3 . The results appear in Table 6.4 . Along with the linearized CES approximation , the results were also applied to a nonlinear least squares estimate of equation ( 6.1 ) directly . The results are sensitive to initial ...
... Table 6.3 . The results appear in Table 6.4 . Along with the linearized CES approximation , the results were also applied to a nonlinear least squares estimate of equation ( 6.1 ) directly . The results are sensitive to initial ...
Contents
Figures | 10 |
The Hyperinflation Process | 28 |
Reform and Power | 56 |
Copyright | |
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agricultural amount argue Banaian Bank of Ukraine Belarus billion bribes budget deficit Burdekin Burmeister and Wall cash cent of GDP central bank clans coal Cobb-Douglas commercial banks Communist corruption countries decline deposits Dnipropetrovsk dollars Donbas Donetsk Economic Review elections enterprises equation estimates exchange rate expected export Figure financing firms foreign currency Gosbank growth rate hryvnia hyperinflation income increase independence industry inflation rate International Monetary Fund Kalman filter karbovanets Kravchuk Kuchma Kuzio Kyiv Lazarenko loans long-run macroeconomic Marchuk Market Economies money demand Moroz National Bank output parliament Party political privatization production function Pynzenyk Rada real interest rate republics reserve requirements ruble Rukh Russia sector seigniorage seigniorage revenues share of GDP Source Soviet Union stabilization subsidies Table target zone tax revenues trade transition economies Ukraine's Ukrainian USSR vote wage western workers World