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Analysis of the sources of economic growth and TFP level in V4 countries and in Finland

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  • Martin Lábaj

    ()
    (University of Economics in Bratislava, Faculty of National Economy, Department of Economic Policy)

  • Róbert Kúšik

Abstract

We identify the sources of long-term economic growth in V4 countries and in Finland in this paper. We show the differences in productivity levels and their development over time, with following decomposition of productivity gap to technological backwardness and inefficiency. We deal with an analysis of particular V4 economies with comparison to Finland. We have revealed relatively high differences in the sources of economic growth as well as in productivity levels. We have showed that the importance of lagging behind in efficiency is high, comparing to traditional focus on technological backwardness.

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File URL: http://www.ozsolim.sk/eapg/wp/wp004.pdf
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Bibliographic Info

Paper provided by Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava in its series EAPG Working Paper Series with number 004.

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Length: 31 pages
Date of creation: 12 Aug 2012
Date of revision:
Handle: RePEc:brt:wpaper:004

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Keywords: Economic growth; Total factor productivity; Sources of economic growth; Technological backwardness; Efficiency;

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