Shevchuk V. The balance-of-payments equilibrium and economic growth in transition economies

Transition economies of Argentina, Brazil, Mexico, Chile, and Ukraine. Study of the balance-of-payments restrictions and congruent economic policies. The 'dependent' economy model, statistical methods of ordinary least squares, Kalman filter, and vector autoregression. The 'dependent' economy-based concept of the relationship between economic growth, balance-of-payments and policy instruments, with empirical estimates, characteristics of stabilizing institutions, as independent central bank, currency board, and social pact. Relationship between the balance-of-payments and economic growth is identified, with theoretical explanations and empirical estimations of their determinants provided, including those of stabilizing institutions. Architecture of congruent economic policies is well founded. Results are used by the Ministry of Economy and European Integration, National Bank of Ukraine, Ukrainian Interbank Currency Exchange, the Lviv Academy of Commerce. Ministries of the government economic bloc, National Bank, universities.