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How did structural reform influence inflation in transition economies?

Lookup NU author(s): Dr David Barlow

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Abstract

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%.

Publication metadata

Author(s): Barlow D

Publication type: Article

Publication status: Published

Journal: Economic Systems

Year: 2010

Volume: 34

Issue: 2

Pages: 198-210

ISSN (print): 0939-3625

Publisher: Elsevier BV

URL: http://dx.doi.org/10.1016/j.ecosys.2009.10.001

DOI: 10.1016/j.ecosys.2009.10.001

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