Ukraine: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 416

Publication date: November 2005

ISBN: 9781451839074

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , price , inflation , inflation persistence , Ukraine , replacement rate , CPI index , CPI inflation , contribution rate , Pension spending , Metal prices , Pensions , Import prices , Global , Eastern Europe , Asia and Pacific , Baltics

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Summary

This Selected Issues paper investigates the economic importance of institutions in Ukraine, and attempts to quantify the potential benefits of market-friendly structural reforms. The paper reviews some of the key findings of the development-accounting literature, which has tried to explain the significant differences in income that persist across countries. It introduces the stochastic-frontier approach, outlining its key assumptions and strengths, and results obtained with the stochastic-frontier model. The implications of the results for the specific case of Ukraine are discussed. The paper also analyzes external risks and opportunities for Ukraine.