IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v2008y2008i4id646p435-448.html

Ekonomický růst v České republice a nových členských zemích Evropské unie v období 1995-2006
[Economic growth in the Czech Republic and new member states of the European Union in the period 1995-2006]

Author

Listed:
  • Mojmír Hájek

Abstract

The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) and in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view and from the view of nine industries. For the analyses is used growth accounting method, where factors of production are labour, capital and total factor productivity. With the exception of the Czech Republic and EU-15 the reconstruction of capital stock was needed. We have used perpetual inventory method. The analyses has shown, that the main factor of economic growth in EU-10 was total factor productivity, mainly in the Baltic states. In the Czech Republic the main driving force of macroeconomic total factor productivity was manufacturing industry. The fast growing total factor productivity in EU-10 was the main factor of convergence to EU-15.

Suggested Citation

  • Mojmír Hájek, 2008. "Ekonomický růst v České republice a nových členských zemích Evropské unie v období 1995-2006 [Economic growth in the Czech Republic and new member states of the European Union in the period 1995-2006]," Politická ekonomie, Prague University of Economics and Business, vol. 2008(4), pages 435-448.
    • Handle: RePEc:prg:jnlpol:v:2008:y:2008:i:4:id:646:p:435-448
    DOI: 10.18267/j.polek.646
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.646.html
    Download Restriction: free of charge
    File URL: http://polek.vse.cz/doi/10.18267/j.polek.646.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.646?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Nauro F. Campos & Abrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 793-836, September.
    2. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
    3. Kamil Dybczak & Vladislav Flek & Dana Hajkova & Jaromir Hurnik, 2006. "Supply-Side Performance and Structure in the Czech Republic (1995-2005)," Working Papers 2006/4, Czech National Bank, Research and Statistics Department.
    4. Vladislav Flek & Mojmír Hájek & Jaromír Hurník & Ladislav Prokop & Lenka Racková, 2001. "Výkonnost a struktura nabídkové strany [Supply-side performance and structure]," Politická ekonomie, Prague University of Economics and Business, vol. 2001(6).
    5. Rumen Dobrinsky & Dieter Hesse & Rolf Traeger, 2006. "Understanding the Long-Term Growth Performance of the East European and CIS Economies," ECE Discussion Papers Series 2006_1, UNECE.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dana Hajkova, 2008. "The Measurement of Capital Services in the Czech Republic," Working Papers 2008/11, Czech National Bank, Research and Statistics Department.
    2. Jiří Mihola & Petr Wawrosz, 2014. "Alternativní metoda měření extenzivních a intenzivních faktorů změny HDP a její aplikace na vývoj HDP USA a Číny [An Alternative Method How to Measure Impact of the Intensive and Extensive Factors on the GDP Change and Its Application on the Us an," Politická ekonomie, Prague University of Economics and Business, vol. 2014(5), pages 583-604.
    3. Kamil Galuscak & Lubomir Lizal, 2011. "The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation," Working Papers 2011/09, Czech National Bank, Research and Statistics Department.
    4. Voskoboynikov, Ilya B., 2012. "New measures of output, labour and capital in industries of the Russian economy," GGDC Research Memorandum GD-123, Groningen Growth and Development Centre, University of Groningen.
    5. 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, Prague University of Economics and Business, vol. 2006(2), pages 170-189.
    6. Magdalena Borys & Roman Horváth & Michal Franta, 2009. "The effects of monetary policy in the Czech Republic: an empirical study," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(4), pages 419-443, November.
    7. Irena Raguž Krištiæ & Ivo Družiæ & Josip Tica, 2016. "Impact of the transition on the total factor productivity in Croatia," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 271-308.
    8. repec:dgr:rugggd:gd-123 is not listed on IDEAS
    9. Santos, João & Domingos, Tiago & Sousa, Tânia & St. Aubyn, Miguel, 2016. "Does a small cost share reflect a negligible role for energy in economic production? Testing for aggregate production functions including capital, labor, and useful exergy through a cointegration-based method," MPRA Paper 70850, University Library of Munich, Germany.
    10. Eicher, Theo S. & Schreiber, Till, 2010. "Structural policies and growth: Time series evidence from a natural experiment," Journal of Development Economics, Elsevier, vol. 91(1), pages 169-179, January.
    11. Tung Liu & Kui-Wai Li, 2008. "Revisiting Solow’s Decomposition of Economic and Productivity Growth," Working Papers 200805, Ball State University, Department of Economics, revised Dec 2008.
    12. de Rassenfosse, Gaétan, 2013. "Do firms face a trade-off between the quantity and the quality of their inventions?," Research Policy, Elsevier, vol. 42(5), pages 1072-1079.
    13. John R. Baldwin & Tarek M. Harchaoui, 2006. "The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead," NBER Chapters, in: A New Architecture for the US National Accounts, pages 439-470, National Bureau of Economic Research, Inc.
    14. J. David Brown & John S. Earle, 2002. "Job Reallocation and Productivity Growth under Alternative Economic Systems and Policies: Evidence from the Soviet Transition," CERT Discussion Papers 0208, Centre for Economic Reform and Transformation, Heriot Watt University.
    15. E. C. Mamatzakis, 2010. "The contribution of the publicly-funded R&D capital to productivity growth and an application to the Greek food and beverages industry," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(4), pages 483-494.
    16. Karl Whelan, 2002. "Some New Economy Lessons for Macroeconomists," Recherches économiques de Louvain, De Boeck Université, vol. 68(1), pages 21-36.
    17. Guo, Xuefan & Xu, Dingyi & Zhu, Kunfu, 2023. "Measuring digitalization effects in China: A global value chain perspective," China Economic Review, Elsevier, vol. 81(C).
    18. Shoemaker, Robbin, 1986. "Effects of Changes in U.S. Agricultural Production on Demand for Farm Inputs," Technical Bulletins 157024, United States Department of Agriculture, Economic Research Service.
    19. Gylfason, Thorvaldur & Hochreiter, Eduard, 2009. "Growing apart? A tale of two republics: Estonia and Georgia," European Journal of Political Economy, Elsevier, vol. 25(3), pages 355-370, September.
    20. Athanasoglou, Panayiotis P. & Georgiou, Evangelia A. & Staikouras, Christos C., 2009. "Assessing output and productivity growth in the banking industry," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(4), pages 1317-1340, November.
    21. Fabrizio Coricelli & Mathilde Maurel, 2011. "Growth and Crisis in Transition: A Comparative Perspective," Review of International Economics, Wiley Blackwell, vol. 19(1), pages 49-64, February.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • 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:2008:y:2008:i:4:id:646:p:435-448. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.