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1

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

100%
Rapacki R., Prochniak M.
Ekonomista
|
2006
|
issue 6
715-744
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.
2

ANALÝZA ZDROJOV EKONOMICKÉHO RASTU METÓDOU CELKOVEJ PRODUKTIVITY FAKTOROV V SLOVENSKEJ REPUBLIKE V ROKOCH 1995 – 2006

100%
Lábaj M.
Ekonomický časopis (Journal of Economics)
|
2007
|
vol. 55
|
issue 10
976-988
EN
This article analyses the sources of economic growth of the GDP in the Slovak Republic during 1995 - 2006 period. The analysis is based on growth accounting. The methodology and historical background of modern growth theory and growth accounting are also explained. The analysis in the article includes the computations of the capital stock data, which were not published yet officially as well as the calculations of total factor productivity in the Slovak Republic. These computations are rarely used in the Slovak Republic and their aim is to lay down the fundamentals for another development of the economic analysis in Slovakia.
3

STRUCTURE OF A NEW LONG-TERM MACROECONOMETRIC MODEL FOR POL AND

75%
Welfe W.
Przegląd Statystyczny
|
2008
|
vol. 55
|
issue 4
5-23
EN
Development of 'new economies' leading to economies mostly based on knowledge implies the construction of new long-term macroeconometric models. The structure of the new W8D -2007 model for Poland is presented. It is a complete model. It covers the blocks of equations explaining final demand and the production process. The consumption and investment function estimates are shown. It incorporates the impacts of new technologies being endogenized, as well as human capital. The paper discusses the notions of extended production function and total factor productivity (TFP). They cover the measurement and explanation of the role of domestic and foreign R&D expenditures, as well as educational expenditures. The price and wages equations close the model. The discussion is extended to include proposals to construct new submodels explaining the sectors of research and education and also the ICT industries, as well as the ecological issues.
4

DRIVING FORCES OF TOTAL FACTOR PRODUCTIVITY IN EUROPE

75%
Ochotnický P., Alexy M., Káčer M.
Ekonomický časopis (Journal of Economics)
|
2020
|
vol. 68
|
issue 10
1002 – 1020
EN
In this paper, we explore the driving forces behind total factor productivity growth in 28 European countries in the period from 2005 to 2019. Based on neoclassical theory, theory of endogenous economic growth and competitiveness theory we formulate four research hypotheses related to the impact of technological readiness, human capital, business and tax environment and creativity on the TFP growth. We used fixed effects model focusing on the impact within the countries. Our results suggest that technological readiness is an important driving force behind TFP growth. We could only partially confirm the impact of the remaining explanatory variables.
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