Analysis of the sources of economic growth and TFP level in V4 countries and in Finland
AbstractWe 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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Bibliographic InfoPaper 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.
Length: 31 pages
Date of creation: 12 Aug 2012
Date of revision:
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More information through EDIRC
Economic growth; Total factor productivity; Sources of economic growth; Technological backwardness; Efficiency;
Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-10-13 (All new papers)
- NEP-EFF-2012-10-13 (Efficiency & Productivity)
- NEP-FDG-2012-10-13 (Financial Development & Growth)
- NEP-MAC-2012-10-13 (Macroeconomics)
- NEP-TRA-2012-10-13 (Transition Economics)
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