total factor productivity
-
Causes and characteristics of the economic downturn in Belarus: the role of structural factors
This paper analyses the production downturn that started in Belarus in 2015. The paper shows that the economic recession is the result not only of cyclical fluctuations, but also the structural compression. Moreover, the structural component of the recession in 2016 began to dominate.
BEROC. Belarusian economic research and outreach center -
The anatomy of recession in Belarus
After impressive growth in the 2000s, Belarus’ economy has since the currency crisis of 2011 stalled. Structural issues – dominance of the state sector and directed lending practices – have made growth anemic.
BEROC. Belarusian economic research and outreach center