04978oam 22012134 450 991078840940332120230828232649.01-4623-9319-51-4527-6426-31-283-51317-X97866138256291-4519-8592-4(CKB)3360000000443554(EBL)3014394(SSID)ssj0000939961(PQKBManifestationID)11491942(PQKBTitleCode)TC0000939961(PQKBWorkID)10948452(PQKB)11305339(OCoLC)698585657(MiAaPQ)EBC3014394(IMF)WPIEE2006167(EXLCZ)99336000000044355420020129d2006 uf 0engur|n|---|||||txtccrUkraine : The Cost of Weak Institutions /Andrew TiffinWashington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working Papers"July 2006".1-4518-6427-2 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. EXPLAINING DIFFERENCES IN INCOME ""; ""III. EMPIRICAL ANALYSIS""; ""IV. RESULTS""; ""V. IMPLICATIONS AND DISCUSSION""; ""VI. CAVEATS""; ""VII. CONCLUSIONS""; ""REFERENCES""Ukraine has the potential to be a very wealthy country. It has a well-educated workforce, some of the best agricultural land in the world, an enviable supply of hydrocarbons and minerals, and a relatively well-developed infrastructure. Despite these advantages, however, Ukraine's per capita income remains low. Using a cross-country stochastic-frontier framework, this paper argues that Ukraine's failure to tap its full potential is mainly a result of its market-unfriendly institutional base. With an inherited Soviet framework that is ill suited to the needs of a market economy, Ukraine has been slow to establish the institutions needed to use its resources efficiently. The paper provides a quantitative guide to the benefits, in terms of potential output, of further structural reform. Looking forward, the study finds that durable growth in Ukraine will depend primarily on the authorities' ability to implement their ambitious reform agenda, and thereby to help secure the basic foundations of a modern market economy.IMF Working Papers; Working Paper ;No. 2006/167Economic developmentUkraineIndustrial productivityUkraineLaborimfMacroeconomicsimfPublic FinanceimfProduction and Operations ManagementimfInnovationimfResearch and DevelopmentimfTechnological ChangeimfIntellectual Property Rights: GeneralimfPersonal Income, Wealth, and Their DistributionsimfHuman CapitalimfSkillsimfOccupational ChoiceimfLabor ProductivityimfMacroeconomics: ProductionimfNational Government Expenditures and Related Policies: GeneralimfTechnologyimfgeneral issuesimfLabourimfincome economicsimfPublic finance & taxationimfPersonal incomeimfHuman capitalimfProductivityimfPublic expenditure reviewimfIncomeimfIndustrial productivityimfExpenditures, PublicimfUkraineimfEconomic developmentIndustrial productivityLaborMacroeconomicsPublic FinanceProduction and Operations ManagementInnovationResearch and DevelopmentTechnological ChangeIntellectual Property Rights: GeneralPersonal Income, Wealth, and Their DistributionsHuman CapitalSkillsOccupational ChoiceLabor ProductivityMacroeconomics: ProductionNational Government Expenditures and Related Policies: GeneralTechnologygeneral issuesLabourincome economicsPublic finance & taxationPersonal incomeHuman capitalProductivityPublic expenditure reviewIncomeIndustrial productivityExpenditures, PublicTiffin Andrew1546544DcWaIMFBOOK9910788409403321Ukraine3802230UNINA