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Economic growth in the Czech Republic and new member states of the European Union in the period 1995-2006

Bibliographic Data

ID7973358
AuthorsMojmír Hájek (University of Economics and Management, corresponding author)
Year2008
Volume56
Issue4
Pages435-448
Publication date2008-08-01
Open AccessYes
TypeARTICLE
VenuePolitická ekonomie (JOURNAL)
Journal identifiersISSN: 0032-3233 • E-ISSN: 2336-8225
PublisherPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.646
OpenAlexW2313850651
LanguageEN
Citations received8
References cited7

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

Capital (architecture) · Czech · Economic policy · Economics · Economy · European union · Geography · International economics · International trade · Macroeconomics · Member states · Productivity · Total factor productivity · Economic Growth and Productivity

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Citations per year0.47
Citation span2009 - 2014 (6)
Highly citedNo

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