Growth accounting in transitive economies
Jiří Jaroš
Prague Economic Papers, 2002, vol. 2002, issue 2, 149-165
Abstract:
The aim and probably the biggest contribution of this paper is to produce unique data series for the capital stock and an estimate of the depreciation rate (using microeconomic data) in the transitive economies in the period 1989 - 1999 and subsequently to try to calculate the growth accounting formula. The countries of primary interest are the Czech Republic and Slovakia, where the most complete data sources are available. The paper will prove that in the first years of economic transition Central and Eastern European countries show extremely high dynamics of growth that can be attributed to increases in productivity, that is very high Solow residual.
Keywords: transition; Czech Republic; growth accounting; capital stock; Solow residual (search for similar items in EconPapers)
JEL-codes: O11 O30 O52 (search for similar items in EconPapers)
Date: 2002
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DOI: 10.18267/j.pep.193
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