Economic Growth Decomposition. An Empirical Analysis Using Bayesian Frontier Approach

Kamil Makieła

Central European Journal of Economic Modelling and Econometrics, 2009, vol. 1, issue 4, 333-369

Abstract: This paper presents an empirical analysis of economic growth in respect of its components, namely input change, technological progress and changes in efficiency. In this work the Bayesian Stochastic Frontier method as well as the output change decomposition procedure, are used in order to evaluate their influence on economic growth. The use of panel data in the study allows for a detailed analysis of economic growth in a given economy and enables the search for general patterns that govern the process. The study is carried using a set of sixteen countries over the period 1995 - 2005.

Keywords: economic growth decomposition; Bayesian frontiers; productivity analysis; models for panel data (search for similar items in EconPapers)
JEL-codes: C11 C23 O47 O57 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:psc:journl:v:1:y:2009:i:4:p:333-369

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