EconPapers    
Economics at your fingertips  
 

Economic Growth and Development in Central and Eastern Europe after the Transformation

Ákos Dombi ()

Public Finance Quarterly, 2013, vol. 58, issue 4, 452-468

Abstract: This paper examines the direct sources of economic growth and development in 10 post-socialist Central and East European countries in the period from 1995 to 2012. We perform an empirical analysis relying on the methods of growth accounting and development accounting. The results of the growth accounting analysis demonstrate that the most important source of economic growth is the accumulation of physical capital, while the growth of labour productivity and that of multifactor productivity often have marginal effects only. These results are in line with those of development accounting, suggesting that the sluggish growth of the 10 countries compared to Germany in terms of GDP/hours worked can be attributed primarily to the low capital intensity of Central and East European economies, which offered considerable potential for the rapid accumulation of physical capital.

Keywords: growth accounting; development accounting; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: O40 O11 O52 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.asz.hu/public-finance-quarterly-article ... /a-dombia-2013-4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:58:y:2013:i:4:p:452-468

Access Statistics for this article

Public Finance Quarterly is currently edited by Erzsebet Nemeth

More articles in Public Finance Quarterly from State Audit Office of Hungary
Bibliographic data for series maintained by Pal Peter Kolozsi (). This e-mail address is bad, please contact .

 
Page updated 2020-10-01
Handle: RePEc:pfq:journl:v:58:y:2013:i:4:p:452-468