Analysis of the sources of economic growth and TFP level in V4 countries and in Finland

Martin Lábaj and Róbert Kúšik

No 4, EAPG Working Paper Series from Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava

Abstract: We identify the sources of long-term economic growth in V4 countries and in Finland in this paper. We show the differences in productivity levels and their development over time, with following decomposition of productivity gap to technological backwardness and inefficiency. We deal with an analysis of particular V4 economies with comparison to Finland. We have revealed relatively high differences in the sources of economic growth as well as in productivity levels. We have showed that the importance of lagging behind in efficiency is high, comparing to traditional focus on technological backwardness.

Keywords: Economic growth; Total factor productivity; Sources of economic growth; Technological backwardness; Efficiency (search for similar items in EconPapers)
JEL-codes: E20 O11 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012-08-12
New Economics Papers: this item is included in nep-eff, nep-fdg, nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:brt:wpaper:004

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