The Sources of Growth in the Former SFRY Countries: Comparative Analysis
AbstractThe topic of this paper is comparative analysis of the economic growth in the former SFRY countries. The paper is primarily devoted to the analysis of the sources of economic growth in these countries. In this regard, apart from conventional decomposition of growth (contributions of capital, labor and total factor productivity), the demand and the industry composition sides of the sources-of-growth analyses have also been considered. Furthermore, the reserves for further rise in GDP per capita have been identified and estimated on the basis of obtained results. Special attention has been paid to possible increase in the total factor productivity induced by the advance in “broader knowledge” as well as to increase in the labor participation rate. Institutional and policy prerequisites for realization of these reserves of growth are also briefly analysed.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49776.
Date of creation: 18 Jul 2013
Date of revision:
sources of growth; growth reserves; convergence;
Other versions of this item:
- Popović, Milenko & Čiymović, Mirjana, 2013. "The Sources of Growth in the Former SFRY Countries: Comparative Analysis," EconStor Conference Papers 82825, ZBW - German National Library of Economics.
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-24 (All new papers)
- NEP-EFF-2013-09-24 (Efficiency & Productivity)
- NEP-TRA-2013-09-24 (Transition Economics)
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