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TFP Growth in Old and New Europe

  • Michael C. Burda
  • Battista Severgnini

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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File URL: http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2009-033.pdf
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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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