Capital accumulation and growth in Central Europe, 1920-2006

Bas van Leeuwen and Péter Földvári

No 23, Working Papers from Utrecht University, Centre for Global Economic History

Abstract: Central and Eastern Europe is a region with widely divergent development paths. Up to WWII, these countries experienced comparable growth patterns. Yet, whereas Austria and West Germany remained part of the capitalist West and underwent periods of rapid growth, other countries, under state-socialist regimes, experienced on average far lower growth rates. The lack of data, however, often limits the possibilities of a detailed, quantitative analysis. In this paper, we use a new dataset on physical and human capital in seven Eastern and Central European countries for the period 1920-2006 to calculate the effect on economic growth. We analyse the effect of including the quality of education in human capital. This allows us to perform a growth accounting analysis with the several production factors for Central Europe between 1920 and the present. The difference in growth path across countries is partly explained by differences in efficiency.

Keywords: Eastern Europe; human capital; physical capital; growth accounting; efficiency; long run growth (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-12
New Economics Papers: this item is included in nep-eff, nep-fdg, nep-his and nep-tra
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Capital Accumulation and Growth in Central Europe, 1920-2006 (2013)
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