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“Big Bang” Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China

“Big Bang” Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China »

Source: 'Big Bang' Versus Gradualism in Economic Reforms : An Intertemporal Analysis with an Application to China

Volume/Issue: 2001/98

Series: IMF Working Papers

Author(s): Andrew Feltenstein , and Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451852141

Keywords: China, Transition, sequencing of reforms, speed of adjustment, privatization, gradual privatization, tariff reform, state-owned enterprises, exchange rate policy, Computable and Other Applied General Equilibrium Models

This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate differe...

The Economic Reform Process in Russia

The Economic Reform Process in Russia »

Source: The Economic Reform Process in Russia

Volume/Issue: 1993/55

Series: IMF Working Papers

Author(s): John Odling-Smee , and Henri Lorie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

ISBN: 9781451847574

Keywords: price liberalization, privatization, enterprise reform, balance of payments, enterprise sector

Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad policy approach should be similar. A necessary condition for effective macroeconomic stabilization...

The Economic Reform Process in Russia

The Economic Reform Process in Russia »

Volume/Issue: 1993/55

Series: IMF Working Papers

Author(s): John Odling-Smee , and Henri Lorie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

DOI: http://dx.doi.org/10.5089/9781451847574.001

ISBN: 9781451847574

Keywords: price liberalization, privatization, enterprise reform, balance of payments, enterprise sector

Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad policy approach should be similar. A necessary condition for effective macroeconomic stabilization...

'Big Bang' Versus Gradualism in Economic Reforms
			: An Intertemporal Analysis with an Application to China

'Big Bang' Versus Gradualism in Economic Reforms : An Intertemporal Analysis with an Application to China »

Volume/Issue: 2001/98

Series: IMF Working Papers

Author(s): Andrew Feltenstein , and Saleh Nsouli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

DOI: http://dx.doi.org/10.5089/9781451852141.001

ISBN: 9781451852141

Keywords: China, Transition, sequencing of reforms, speed of adjustment, privatization, gradual privatization, tariff reform, state-owned enterprises, exchange rate policy, Computable and Other Applied General Equilibrium Models

This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate differe...