Economic Growth in Belarus (1996-2004): Main Drivers and Risks

Return to Growth in CIS Countries, 2006, pp. 213-266

54 Pages Posted: 27 Feb 2014

See all articles by Marina Bakanova

Marina Bakanova

KU Leuven - Centre for Institutions and Economic Performance (LICOS)

Lev Freinkman

National Research University Higher School of Economics (Moscow); World Bank - The International Bank for Reconstruction and Development (IBRD)

Date Written: September 25, 2006

Abstract

This chapter takes stock of growth trends in Belarusian economy since 1996, reviews the evidence of accumulated challenges and risks within the existing growth patterns, and provides policy recommendations aimed at strengthening growth sustainability. In sum, while economic growth in Belarus in the last nine years was impressive, the chapter argues that sticking with the current growth strategy would lead to a gradual erosion of economic competitiveness. The Government of Belarus (GOB) should make significant policy adjustments by reorienting its policies toward ensuring a better business environment and a lower size of government.

Keywords: Belarus, economy in transition, subsidies

JEL Classification: P26, P27, P31

Suggested Citation

Bakanova, Marina and Freinkman, Lev, Economic Growth in Belarus (1996-2004): Main Drivers and Risks (September 25, 2006). Return to Growth in CIS Countries, 2006, pp. 213-266 , Available at SSRN: https://ssrn.com/abstract=2401451

Marina Bakanova

KU Leuven - Centre for Institutions and Economic Performance (LICOS) ( email )

Waaistraat 6 - box 3511
Leuven, 3000
Belgium

Lev Freinkman (Contact Author)

National Research University Higher School of Economics (Moscow) ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia

World Bank - The International Bank for Reconstruction and Development (IBRD) ( email )

Washington, DC 20433
United States

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