The causes of post-2009 differences in the economic performance of EU countries

Petr Maleček ()
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Petr Maleček: Faculty of Economics, University of Economics, Prague, Czech Republic

Acta Oeconomica, 2015, vol. 65, issue 4, 525-545

Abstract: This study examines the causes of the rather dissimilar development of individual EU economies after the 2008/09 crisis. The initial elemental analysis of contributions to GDP growth is followed by a growth accounting exercise, with decomposition into the effects of movements in total factor productivity, capital stock, and several labour market indicators. The subsequent section then seeks to clarify to what extent this development was driven by changes in cyclical conditions and the potential product.

Keywords: growth accounting; potential output; production function; HP filter; band-pass filter (search for similar items in EconPapers)
JEL-codes: E22 E24 E32 (search for similar items in EconPapers)
Date: 2015
Note: This paper is a part of the project “Some Aspects of Economic Growth” at the Banking Institute/College of Banking, Czech Republic.
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