EconPapers    
Economics at your fingertips  
 

Total factor productivity growth in Central and Eastern Europe before, during and after the global financial crisis

Natalia Levenko (), Kaspar Oja and Karsten Staehr ()

Post-Communist Economies, 2019, vol. 31, issue 2, 137-160

Abstract: This article presents growth accounting results for 11 EU countries from Central and Eastern Europe for the years 1996–2016. Its contributions include the estimation of new capital stock series and adjustment for the utilisation of capital stock. Before the crisis, growth in total factor productivity (TFP) was the main contributor to output growth in Slovenia, Hungary and Slovakia, while capital deepening was more important in the Czech Republic, Croatia and Poland. During the global financial crisis the contributions of TFP and capital growth differed markedly across the countries, reflecting the very diverse dynamics of the crisis. After the crisis the contribution of TFP growth has been negligible in all of the sample countries coinciding with generally weak output growth. The results are generally robust to changes in estimation methods and parametrisations, but some assumptions regarding the construction of the capital stock series are critical for the results.

Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/14631377.2018.1460713 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Total factor productivity growth in Central and Eastern Europe before, during and after the Global Financial Crisis (2017) Downloads
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:taf:pocoec:v:31:y:2019:i:2:p:137-160

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CPCE20

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-01-06
Handle: RePEc:taf:pocoec:v:31:y:2019:i:2:p:137-160