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TFP Growth in Old and New Europe

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  • Michael C. Burda
  • Battista Severgnini

Abstract

Using Solow-Tornqvist residuals as well as two alternative measurements, we present estimates of total factor productivity (TFP) growth in a sample of 30 European economies for the period 1994-2005. In most of Western Europe, we find a deceleration of TFP growth since 2000. However, the economies of New Europe exhibit a higher level of TFP growth overall and have slowed less than those of Old Europe. In the new market economies of Central and Eastern Europe, we nd both high TFP growth as well as acceleration in the second half of the sample. Regression evidence from Western Europe suggests that product market regulation may adversely a ect TFP growth and may thus impair convergence.

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Bibliographic Info

Paper provided by Sonderforschungsbereich 649, Humboldt University, Berlin, Germany in its series SFB 649 Discussion Papers with number SFB649DP2009-033.

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Length: 28 pages
Date of creation: Jun 2009
Date of revision:
Handle: RePEc:hum:wpaper:sfb649dp2009-033

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Keywords: Total factor productivity growth; Solow residual; product and labor market regulation;

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Cited by:
  1. Roland Strausz, 2009. "The Political Economy of Regulatory Risk," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2009-040, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  2. Vöpel, Henning & Uehlecke, Jens, 2009. "Wissen schafft Wachstum: Wirtschaftspolitische Handlungsoptionen für Innovation und Fortschritt," HWWI Policy Papers, Hamburg Institute of International Economics (HWWI) 1-13, Hamburg Institute of International Economics (HWWI).
  3. Barbara Choroś & Wolfgang Härdle & Ostap Okhrin, 2009. "CDO and HAC," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2009-038, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  4. Cazzavillan, Guido & Olszewski, Krzysztof, 2011. "Skill-biased technological change, endogenous labor supply and growth: A model and calibration to Poland and the US," Research in Economics, Elsevier, Elsevier, vol. 65(2), pages 124-136, June.
  5. Kónya, István, 2011. "Növekedés és felzárkózás Magyarországon, 1995-2009
    [Growth and convergence in Hungary, 1995-2009]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 393-411.
  6. Maria Grith & Wolfgang Härdle & Juhyun Park, 2009. "Shape invariant modelling pricing kernels and risk aversion," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2009-041, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  7. Marta Foddi & Stefano Usai, 2013. "Regional Knowledge Performance in Europe," Growth and Change, Gatton College of Business and Economics, University of Kentucky, Gatton College of Business and Economics, University of Kentucky, vol. 44(2), pages 258-286, 06.

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