Prague Economic Papers 2002, 11(2):149-165 | DOI: 10.18267/j.pep.193

Growth accounting in transitive economies

Jiøí Jaro¹
Graduate School of Economics, Doshisha University, Kyoto, Japan (e-mail: jjaros@hotmail.com).

The aim and probably the biggest contribution of this paper is to produce unique data series for the capital stock and an estimate of the depreciation rate (using microeconomic data) in the transitive economies in the period 1989 - 1999 and subsequently to try to calculate the growth accounting formula. The countries of primary interest are the Czech Republic and Slovakia, where the most complete data sources are available. The paper will prove that in the first years of economic transition Central and Eastern European countries show extremely high dynamics of growth that can be attributed to increases in productivity, that is very high Solow residual.

Keywords: transition, Czech Republic, growth accounting, capital stock, Solow residual
JEL classification: O11, O30, O52

Published: January 1, 2002  Show citation

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Jaro¹, J. (2002). Growth accounting in transitive economies. Prague Economic Papers, 11(2), 149-165. doi: 10.18267/j.pep.193
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    References

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