The anatomy of recession in Belarus

Statistics
Reads: 894
Downloads: 11
Summary 

After impressive growth in the 2000s, Belarus’ economy has since the currency crisis of 2011 stalled. Structural issues – dominance of the state sector and directed lending practices – have made growth anemic. Recession for Belarus’ main trading partner and the decline of oil prices has aggravated the long-run problems. We perform growth diagnostics to separate the effects of total factor productivity  (TFP) growth from capital accumulation over the recession. We show that, as in the 2000s, capital accumulation had the largest positive effect on growth in Belarus, but TFP gains were very low, or even negative in the years of recession. 

Authors
Kruk Dzmitry
Barnukova Katsiaryna
Sector 
Year 
2016
Download full text 
AttachmentSize
Download 314.65 KB
Last updated 22.12.2016
Found an error? Select error with your mouse and press Ctrl + Enter
You are reporting a typo in the following text:
Simply click the "Send typo report" button to complete the report. You can also include a comment.