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Sources of productivity growth in Eastern Europe and Russia before the global financial crisis

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  • Ilya B. Voskoboynikov

    (HSE University)

Abstract

This paper shows that the industrial origins of productivity growth in Czechia, Hungary, and Slovenia (CEE-3) and Russia before 2008 were similar and driven by manufacturing industries. The contribution of manufacturing industries to multifactor productivity (MFP) growth is substantial. In CEE-3, it exceeded market services. The contribution of labor reallocation to labor productivity growth was modest and did not surpass one quarter of the aggregate labor productivity growth. Finally, industries demonstrate a strong beta-convergence of MFP. The speed of convergence is higher in manufacturing industries than in market services.

Suggested Citation

  • Ilya B. Voskoboynikov, 2023. "Sources of productivity growth in Eastern Europe and Russia before the global financial crisis," Journal of Productivity Analysis, Springer, vol. 59(3), pages 225-241, June.
    • Handle: RePEc:kap:jproda:v:59:y:2023:i:3:d:10.1007_s11123-023-00662-7
    DOI: 10.1007/s11123-023-00662-7
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