Liberalization and the Behavior of Output During the Transmission from Plan to Market

Posted: 18 Aug 1998

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Abstract

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.

JEL Classification: E23, P21, P27, P52

Suggested Citation

Hernández-Catá, Ernesto, Liberalization and the Behavior of Output During the Transmission from Plan to Market. Available at SSRN: https://ssrn.com/abstract=115774

Ernesto Hernández-Catá (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-4531 (Phone)

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