earticle

영어

This paper is presenting a snapshot at the efficiency issues that have been pertinent to the Mongolian economy since the start of its transition towards a free market economic system in the early nineties. Observing that, regardless of the swift market reforms undertaken by the Mongolian government at the beginning of the transition process and the surprisingly good initial conditions, the labor and factor productivity indices failed to demonstrate sustained growth, we are looking for several sources of inefficiency in the Mongolian economy that might be responsible for such stagnation. Namely, we are looking into the efficiency problems in Mongolia’s financial system, the mining sector taxation, and the public sector wage structure. We identify inefficiencies in all three, and suggest several policy implications that would help increase the productive efficiency in the Mongolian economy.