International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 663
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter:
Session : 3B Makroekonomi
Transition Process: Russia and Ukraine Case
Geçiş Süreci: Rusya ve Ukrayna Örneği
- Asst. Prof. Dr. Esra BALLI (Erzincan Binali Yıldırım Üniversitesi, Türkiye)
- Prof. Dr. Muammer Tekeoğlu (Çukurova University, Türkiye)
Abstract
This study analyses how real GDP growth, inflation, employment, foreign direct investment inflow and income equality for Russia and Ukraine changed during the process of economic transition from 1991 to 2011. Most opinions agree that initial conditions and economic situation of a country, natural resources, historical background and institutions affect the process of economic transition. We see that both Russia and Ukraine experienced a transitional recession in the early 1990s at the start of the transition and an increase in the inflation rate. The Gini indexes of Russia and Ukraine have increased dramatically. The unemployment also went up in both countries until 1999s and reached a peak 13% during the 1998 Russian crisis in Russia. The growth rates of both countries were below 1% until 1997-1998, although it started to increase, after 2000, it decreased sharply in 2008 because of the Global Economic Crisis experienced the same year.
JEL codes: O40, P21
BALLI, Esra , Tekeoğlu, Muammer (2013). "Transition Process: Russia and Ukraine Case" in Proceedings of International Conference of Eurasian Economies 2013, pp.365-371, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00663
