PL EN


2006 | 17 | 9(181) | 35-55
Article title

CONDITIONAL CONVERGENCE IN TRANSITION ECONOMIES

Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
The authors set out to determine if the convergence theory passes the test in 25 transition economies. On the basis of statistical data for the years 1991-2004, using an econometric model, they analyzed the influence of GDP per employee on the growth of labor productivity. They also considered other factors with an influence on the sustainable economic growth. Considering the significant heterogeneity of the analyzed economies in terms of market reforms and institutional conditions, the authors divided the sample into three relatively homogenous groups: 10 new European Union member states excluding Cyprus and Malta; 12 CIS countries; and five Southern and Eastern European economies. The authors evaluated conditional convergence in individual groups of economies, concluding that economies with lower GDP per employee at the start of transition were characterized by a higher rate of growth for most of the analyzed period. GDP per employee primarily depended on investment in physical and human capital, the share of government spending in GDP and inflation. Moreover, the analysis showed that convergence processes in individual countries led to converging long-term economic growth rates, which were positive rather than neutral, contrary to the classic convergence theory.
Keywords
Year
Volume
17
Issue
Pages
35-55
Physical description
Document type
ARTICLE
Contributors
author
author
  • A. Rogut, Uniwersytet Lódzki, Instytut Ekonomii, ul. Rewolucji 1905r. 41, 90-124 Lódz, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06PLAAAA01573435
YADDA identifier
bwmeta1.element.214e6ca8-ed34-31f6-befc-cbf0ea504312
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