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 19
... rights . In its draft constitution of June 10 , 1992 , for example , while guaranteeing that " every person has the right to private property , that is the right to own , use and manage his or her property and other values both singly ...
... rights . In its draft constitution of June 10 , 1992 , for example , while guaranteeing that " every person has the right to private property , that is the right to own , use and manage his or her property and other values both singly ...
Page 20
... right of ownership must not contradict the interest of society as a whole . " Later Article 68 states that " Land may be owned publicly or privately . The right of private property to land shall be acquired on grounds and within limits ...
... right of ownership must not contradict the interest of society as a whole . " Later Article 68 states that " Land may be owned publicly or privately . The right of private property to land shall be acquired on grounds and within limits ...
Page 165
... right on providing socioeconomic guarantees , such as a right to work . Yet many other constitutions contain similar language ; she herself notes that the battle over retaining aspects of a social compact as an integrative force was ...
... right on providing socioeconomic guarantees , such as a right to work . Yet many other constitutions contain similar language ; she herself notes that the battle over retaining aspects of a social compact as an integrative force was ...
Contents
Figures | 10 |
The Hyperinflation Process | 28 |
Reform and Power | 56 |
Copyright | |
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Common terms and phrases
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