Productivity Changes in Eastern Europe? : What lies behind the economic growth?
There is something happening in Central Eastern Europe and the BalticStates. There is an economic boom and the GDP is growing. But, what causes the economy to grow? Is the explanation factor accumulation or is there a technologic growth. The long-term growth in East Asia from 1960 to 1997 was misinterpreted by many. The purpose of this thesis is to determine how large the total factor productivity growth has been in Central Eastern Europe and the Baltic States between 1996 and 2001. The stated purpose is being tested by using growth accounting.The result differs between countries; some countries have a strong technological growth while others’ GDP growth is dependent on factor accumulation. The result of the latter, if it will continue, is a downturn in the GDP growth since it is not viable in the long term.
School:Högskolan i Jönköping
Source Type:Master's Thesis
Keywords:solow eastern europe total factor productivity growth accumulation
Date of Publication:03/22/2006