Republic of Belarus: Selected Issues

Fund, International Monetary

doi:10.5089/9781484333280.002

IMF Staff Country Reports

2017

DOI: 10.5089/9781484333280.002

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Republic of Belarus: Selected Issues

International Monetary Fund¹

Abstract: This Selected Issues paper on the Republic of Belarus was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on November 29, 2017.

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2022

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To Grow or Not to Grow: Belarus and Lithuania

Gylfason

Hochreiter

2022

Comp Econ Stud

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We compare the economic growth performance of Belarus and Lithuania since the collapse of the Soviet Union in 1991. Our interest in this country pair is driven by the two countries’ interwoven history as well as by the fact that Belarus remains autocratic and strongly tied to Russia, while Lithuania has reinvented herself as a democratic market economy fully integrated into the EU. Our aim is to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency, i.e., total factor productivity, in the use of capital and other resources via , inter alia , better institutions (intensive growth) as opposed to sheer accumulation of capital (extensive growth), the hallmark of Soviet economic growth. To this end, we compare the development of some key determinants of growth in the two countries since the 1990s. Employing a simple growth accounting model we find that institutional reforms, open and transparent governance, and good education play a more important role for output and efficiency than crude capital accumulation. Hence Lithuania does better than Belarus, which remains marred by problems related to weak governance as well as autocratic rule. As in Estonia and Latvia we find that the EU perspective made a significant contribution to growth in Lithuania. The Russian connection has done less for Belarus. At last, we also touch upon the impact of the corona virus on the economies of the two countries.

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To Grow or Not to Grow: Belarus and Lithuania

Gylfason

Hochreiter

2022

Comp Econ Stud

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Republic of Belarus: Selected Issues

Cited by 1 publication

References 4 publications

To Grow or Not to Grow: Belarus and Lithuania

To Grow or Not to Grow: Belarus and Lithuania

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