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 20
... 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 established by the law . The law shall impose certain ...
... 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 established by the law . The law shall impose certain ...
Page 60
... society and paves the way for revolution . Revolution invites foreign interference . " They assumed as well the view of many other writers that Ukraine's dire economic condition would lead to Russian interference , as had been found in ...
... society and paves the way for revolution . Revolution invites foreign interference . " They assumed as well the view of many other writers that Ukraine's dire economic condition would lead to Russian interference , as had been found in ...
Page 155
... societies permit interest groups to compete in seeking rents from government . Gerhard Schwarz ( 1992 ) shows that most OECD countries began their economic growth with limited political rights and only later moved towards full ...
... societies permit interest groups to compete in seeking rents from government . Gerhard Schwarz ( 1992 ) shows that most OECD countries began their economic growth with limited political rights and only later moved towards full ...
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