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The causes of post-2009 differences in the economic performance of EU countries

Author

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  • Petr Maleček

    (Faculty of Economics, University of Economics, Prague, Czech Republic)

Abstract

This study examines the causes of the rather dissimilar development of individual EU economies after the 2008/09 crisis. The initial elemental analysis of contributions to GDP growth is followed by a growth accounting exercise, with decomposition into the effects of movements in total factor productivity, capital stock, and several labour market indicators. The subsequent section then seeks to clarify to what extent this development was driven by changes in cyclical conditions and the potential product.

Suggested Citation

  • Petr Maleček, 2015. "The causes of post-2009 differences in the economic performance of EU countries," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(4), pages 525-545, December.
    • Handle: RePEc:aka:aoecon:v:65:y:2015:i:4:p:525-545
    Note: This paper is a part of the project “Some Aspects of Economic Growth” at the Banking Institute/College of Banking, Czech Republic.
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    More about this item

    Keywords

    growth accounting; potential output; production function; HP filter; band-pass filter;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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