Inflation and Growth in Transition Are the Asian Economies Different?

24 Pages Posted: 15 Feb 2006

See all articles by Sanjay Kalra

Sanjay Kalra

International Monetary Fund (IMF) - Asia and Pacific Department

Torsten Sløk

Deutsche Bank, New York

Date Written: August 1999

Abstract

This paper examines the progress made in four Asian transition economiesChina, Lao P.D.R., Vietnam, and Mongoliato market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization and output growth than that of transition economies elsewhere. While initial conditions played an important role in determining the strategy and speed of the transition, growth performance benefited from continued macroeconomic stability and reforms in a key sector (such as agriculture); this confirms the need for sustained and rapid structural reforms and highlights the constraints for sustainable growth posed by weak financial and enterprise sectors.

Keywords: Transition economies Asia growth inflation structural reforms

JEL Classification: O40 O53 P52

Suggested Citation

Kalra, Sanjay and Sløk, Torsten Mikkel, Inflation and Growth in Transition Are the Asian Economies Different? (August 1999). IMF Working Paper No. 99/118, Available at SSRN: https://ssrn.com/abstract=880645

Sanjay Kalra (Contact Author)

International Monetary Fund (IMF) - Asia and Pacific Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Torsten Mikkel Sløk

Deutsche Bank, New York ( email )

60 Wall Street
Mail Stop: NYC60-1815
New York, NY 10005
United States

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