Capital accumulation and growth in Central Europe, 1920-2006
AbstractCentral and Eastern Europe is a region with widely divergent development paths. Up to WWII, these countries experienced comparable growth patterns. Yet, whereas Austria and West Germany remained part of the capitalist West and underwent periods of rapid growth, other countries, under state-socialist regimes, experienced on average far lower growth rates. The lack of data, however, often limits the possibilities of a detailed, quantitative analysis. In this paper, we use a new dataset on physical and human capital in seven Eastern and Central European countries for the period 1920-2006 to calculate the effect on economic growth. We analyse the effect of including the quality of education in human capital. This allows us to perform a growth accounting analysis with the several production factors for Central Europe between 1920 and the present. The difference in growth path across countries is partly explained by differences in efficiency.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Utrecht University, Centre for Global Economic History in its series Working Papers with number 0023.
Length: 31 pages
Date of creation: Dec 2011
Date of revision:
Eastern Europe; human capital; physical capital; growth accounting; efficiency; long run growth;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-EFF-2012-01-25 (Efficiency & Productivity)
- NEP-FDG-2012-01-25 (Financial Development & Growth)
- NEP-HIS-2012-01-25 (Business, Economic & Financial History)
- NEP-TRA-2012-01-25 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert E. Hall & Charles I. Jones, 1999.
"Why Do Some Countries Produce So Much More Output per Worker than Others?,"
NBER Working Papers
6564, National Bureau of Economic Research, Inc.
- Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 83-116, February.
- Miguel Portela & Coen Teulings & Rob Alessie, 2004.
"Measurement Error in Education and Growth Regressions,"
04-14, Utrecht School of Economics.
- Miguel Portela & Rob Alessie & Coen Teulings, 2010. "Measurement Error in Education and Growth Regressions," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(3), pages 618-639, 09.
- Alessie, Rob & Portela, Miguel & Teulings, Coen N, 2004. "Measurement Error in Education and Growth Regressions," CEPR Discussion Papers 4637, C.E.P.R. Discussion Papers.
- Portela, Miguel & Alessie, Rob & Teulings, Coen, 2004. "Measurement Error in Education and Growth Regressions," IZA Discussion Papers 1165, Institute for the Study of Labor (IZA).
- Miguel Portela & Rob Alessie & Coenraad N. Teulings, 2006. "Measurement Error in Education and Growth Regressions," CESifo Working Paper Series 1677, CESifo Group Munich.
- Alan B. Krueger & Mikael Lindahl, 2000.
"Education for Growth: Why and For Whom?,"
NBER Working Papers
7591, National Bureau of Economic Research, Inc.
- ?gel de la Fuente & Rafael Dom?ech, .
"Human Capital In Growth Regressions: How Much Difference Does Data Quality Make?,"
UFAE and IAE Working Papers
446.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Angel de la Fuente & Rafael Doménech, 2006. "Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?," Journal of the European Economic Association, MIT Press, vol. 4(1), pages 1-36, 03.
- de la Fuente, Angel & Doménech, Rafael, 2000. "Human Capital In Growth Regressions: How Much Difference Does Data Quality Make?," CEPR Discussion Papers 2466, C.E.P.R. Discussion Papers.
- Angel de la Fuente & Rafael Donénech, 2000. "Human Capital in Growth Regressions: How much Difference Does Data Quality Make?," OECD Economics Department Working Papers 262, OECD Publishing.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy,
University of Chicago Press, vol. 98(5), pages S71-102, October.
- Bas van Leeuwen & Peter Foldvari, 2008. "How much human capital does Eastern Europe have? Measurement methods and results," Post-Communist Economies, Taylor and Francis Journals, vol. 20(2), pages 189-201.
- Gábor Pula, 2003. "Capital Stock Estimation in Hungary: A Brief Description of Methodolgy and Results," MNB Working Papers 2003/7, Magyar Nemzeti Bank (the central bank of Hungary).
- Daniel Cohen & Marcelo Soto, 2007.
"Growth and human capital: good data, good results,"
Journal of Economic Growth,
Springer, vol. 12(1), pages 51-76, March.
- Fidrmuc, Jan & Gërxhani, Klarita, 2008.
"Mind the gap! Social capital, East and West,"
Journal of Comparative Economics,
Elsevier, vol. 36(2), pages 264-286, June.
- Jan Fidrmuc & Klarita Gerxhani, 2007. "Mind the Gap! Social Capital, East and West," William Davidson Institute Working Papers Series wp888, William Davidson Institute at the University of Michigan.
- Jan Fidrmuc & Klarita Gërxhani, 2007. "Mind the Gap! Social Capital, East and West," CEDI Discussion Paper Series 07-10, Centre for Economic Development and Institutions(CEDI), Brunel University.
- Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(2), pages 407-37, May.
- Robert J. Barro & Jong-Wha Lee, 2000.
"International Data on Educational Attainment: Updates and Implications,"
CID Working Papers
42, Center for International Development at Harvard University.
- Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July.
- Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment Updates and Implications," NBER Working Papers 7911, National Bureau of Economic Research, Inc.
- Robert C. Allen, 2003. "Soviet Development in World-Historical Perspective, from Farm to Factory: A Reinterpretation of the Soviet Industrial Revolution," Introductory Chapters, in: Farm to Factory: A Reinterpretation of the Soviet Industrial Revolution Princeton University Press.
- Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
- Judson, Ruth, 2002. "Measuring Human Capital Like Physical Capital: What Does It Tell Us?," Bulletin of Economic Research, Wiley Blackwell, vol. 54(3), pages 209-31, July.
- Easterly, William & Fischer, Stanley, 1995. "The Soviet Economic Decline," World Bank Economic Review, World Bank Group, vol. 9(3), pages 341-71, September.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Van Leeuwen, Bas & van Leeuwen-Li, Jieli & Foldvari, Peter, 2011. "Regional human capital in Republican and New China: Its spread, quality and effects on economic growth," MPRA Paper 43582, University Library of Munich, Germany.
- Van Leeuwen, Bas & van Leeuwen-Li, Jieli & Foldvari, Peter, 2012. "Education as a driver of income inequality in twentieth-century Africa," MPRA Paper 43574, University Library of Munich, Germany.
- Xu, Yi & Foldvari, Peter & Van Leeuwen, Bas, 2013. "Human capital in Qing China: economic determinism or a history of failed opportunities?," MPRA Paper 43525, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sarah Carmichael).
If references are entirely missing, you can add them using this form.