Economic Growth in the Post-socialist Countries: 1990–2003

• Authors: Rapacki R. , Prochniak M.
• Languages of publication: PL

Abstracts

EN

The analysis of growth covers 27 countries and is divided into two parts. In part one we present the characteristics of growth paths during the process of transformation. The objective of the second part has been the identification of shares contributed to the growth of real GDP by inputs of labour and capital on the one hand and the increased productivity of these factors (TFP). I appeared that the most important driving force of GDP growth had been the changes in TFP. In Central Europe the highest rate of TFP increase was observed in the Baltic countries - higher than, e.g. in Czech Republic or Hungary. TFP increases among countries of other regions were the highest in Turkmenistan and Serbia Montenegro. Sensitivity analysis indicates that our results are stable and only weakly depend on model parameters.

Keywords

EN

POST-SOCIALIST ECONOMIES; TOTAL FACTOR PRODUCTIVITY; TRANSFORMATION PROCESS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2006
• Issue: 6
• Pages: 715-744
• Document type: ARTICLE

Contributors

author

Rapacki R.

author

Prochniak M.

• R. Rapacki, Szkola Glowna Handlowa w Warszawie, Katedra Ekonomii II, al. Niepodleglosci 162, 02-554 Warszawa, Poland

Identifiers

CEJSH db identifier

07PLAAAA02815728