Do Transition Economies and Developing Countries Have Similar Destinies?

Kanybek Nur-tegin ()

Atlantic Economic Journal, 2007, vol. 35, issue 3, 327-342

Abstract: This paper evaluates the potential of transition economies for achieving sustainable improvements in living standards vis-à-vis developing countries based on their productivity performance. The comparison is made using a bootstrapped Malmquist productivity index and its technological and efficiency change components. The results of estimation indicate that transition economies enjoy significantly higher increases in technical efficiency than developing countries with comparable rates of real GDP growth. Therefore, these results suggest that the former group of countries may have better growth prospects than the latter group, giving empirical support to Stern and Fries’ (Foreign Policy 111:164–165, 1998) optimism that transition economies are the “tiger” economies of tomorrow. Copyright International Atlantic Economic Society 2007

Keywords: Transition economies; LDCs; Malmquist; Productivity; Bootstrap; Growth; O47; O57; P27 (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/s11293-007-9073-y

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