MARC Record from University of Toronto

LEADER: 02061cam 2200253Ia 4500
001 ocm75961948
005 20070214140828.0
008 061113s2006 dcua b i000 0 eng d
043 $ae-un---
100 1 $aTiffin, Andrew.
245 10 $aUkraine :$bthe cost of weak institutions /$cprepared by Andrew Tiffin.
246 3 $aUkraine, the cost of weak institutions
260 $aWashington, D.C. :$bInternational Monetary Fund, European Dept.,$cc2006.
300 $a27 p. :$bill. ;$c28 cm.
440 0 $aIMF working paper ;$vWP/06/167
500 $a"July 2006."
504 $aIncludes bibliographical references (p. 25-27).
530 $aAlso available on the World Wide Web.
520 3 $aUkraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita income remains low. Using a cross-country stochastic-frontier framework, this paper argues that Ukraine's failure to tap its full potential is mainly a result of its market-unfriendly institutional base. With an inherited Soviet framework that is ill suited to the needs of a market economy, Ukraine has been slow to establish the institutions needed to use its resources efficiently. The paper provides a quantitative guide to the benefits, in terms of potential output, of further structural reform. Looking forward, the study finds that durable growth in Ukraine will depend primarily on the authorities' ability to implement their ambitious reform agenda, and thereby to help secure the basic foundations of a modern market economy.
651 0 $aUkraine$xEconomic conditions$y1991-
651 0 $aUkraine$xEconomic policy$y1991-
710 2 $aInternational Monetary Fund.$bEuropean Dept.
856 41 $3Full text;$zIssues from 1997- :$uhttp://www.imf.org/external/pubs/cat/wp1%5Fsp.cfm?
949 $aUN9..MF...6-2006I167$wLC$c1$i6071491-1001$lGOVPUBS$mDATAMAPGOV$rN$sY$tBOOK$u14/2/2007