IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v2006y2006i2id551p170-189.html
   My bibliography  Save this article

Zdroje růstu, souhrnná produktivita faktorů a struktura v České republice
[Sources of economic growth, total factor productivity and structure in the Czech republic]

Author

Listed:
  • Mojmír Hájek

Abstract

The study examines the resources of economic growth in the Czech Republic in the course of years from 1992 until 2004. Using the growth accounting method, it analyses the contribution of individual factors to economic growth. Special attention is given to total factor productivity, which, apart from labour, also includes a fixed capital stock at constant prices. Compared to the previous period, the acceleration of the growth of total factor productivity decisively contributed to the speeding up of economic growth in the years 1999-2004. Furthermore, the study examines growth resources in six national economy sectors and analyses the contribution of individual sectors to the growth of macroeconomic total factor productivity. The analysis has shown that namely industry, transport, communications, and other services were involved in the speeding up of the growth of macroeconomic total factor productivity. A comparison of the dynamics of total factor productivity of the CR and EU-15 at the macroeconomic level has shown that while in 1992-1998, the growth of total factor productivity was slower in the CR, after 1998, it was faster (in 1999-2004, the average annual growth rate in the CR was 2.2% and 0.6% in EU-15). In the years 1996-2004, for which revised data are available for the CR, the average annual growth rate of total factor productivity in the CR was 1.5%, compared to 0.7% in EU-15. The analysis indicated that since 1999, total factor productivity in the CR has been converging to the EU-15 level, accelerating in 2003 and 2004, thereby achieving 63% of the EU-15 level in 2004.

Suggested Citation

  • Mojmír Hájek, 2006. "Zdroje růstu, souhrnná produktivita faktorů a struktura v České republice
    [Sources of economic growth, total factor productivity and structure in the Czech republic]
    ," Politická ekonomie, University of Economics, Prague, vol. 2006(2), pages 170-189.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:2:id:551:p:170-189
    as

    Download full text from publisher

    File URL: http://www.vse.cz/polek/download.php?jnl=polek&pdf=551.pdf
    Download Restriction: free of charge

    File URL: http://www.vse.cz/polek/551
    Download Restriction: free of charge

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    economic growth; total factor productivity; sources of economic growth; growth accounting; sectoral growth;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2006:y:2006:i:2:id:551:p:170-189. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Frantisek Sokolovsky). General contact details of provider: http://edirc.repec.org/data/uevsecz.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.