How did structural reform influence inflation in transition economies?

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Author(s)Barlow D
Publication type Article
JournalEconomic Systems
Year2010
Volume34
Issue2
Pages198-210
ISSN (print)0939-3625
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This paper empirically examines the contribution of structural reforms to reducing inflation using a panel data-set of 25 transition economies. Two econometric methodologies are applied. First, the Blundell and Bond (1998) estimator for panel data incorporating lags of the dependent variable. Second, a panel logit estimator is employed to consider the likelihood of achieving low inflation. Results highlight the importance of price and trade liberalization and the reform of credit allocation for reducing inflation, the latter being especially important for bringing inflation below 10%.
PublisherElsevier BV
URLhttp://dx.doi.org/10.1016/j.ecosys.2009.10.001
DOI10.1016/j.ecosys.2009.10.001
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