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Growth accounting in transitive economies

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  • Jiří Jaroš

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.

Suggested Citation

  • Jiří Jaroš, 2002. "Growth accounting in transitive economies," Prague Economic Papers, Prague University of Economics and Business, vol. 2002(2), pages 149-165.
    • Handle: RePEc:prg:jnlpep:v:2002:y:2002:i:2:id:193
    DOI: 10.18267/j.pep.193
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    References listed on IDEAS

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    1. N. Gregory Mankiw & David Romer & David Weil, 1990. "A Contribution to the Empirics of Economic Growth," Working Papers 1990-24, Brown University, Department of Economics.
    2. Jiří Jaroš, 2001. "Decade in transition economies - comparative analysis of economic growth," Prague Economic Papers, Prague University of Economics and Business, vol. 2001(3).
    3. Barro, Robert J, 1999. "Notes on Growth Accounting," Journal of Economic Growth, Springer, vol. 4(2), pages 119-137, June.
    4. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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    Cited by:

    1. Jaromír Hurník & David Navrátil, 2005. "Potential Output in the Czech Republic: A Production Function Approach," Prague Economic Papers, Prague University of Economics and Business, vol. 2005(3), pages 253-266.

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    More about this item

    Keywords

    transition; Czech Republic; growth accounting; capital stock; Solow residual;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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