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Productivity Performance Of Estonia In A Growth Accounting Approach

Author

Listed:
  • MOLNAR Vivien

    (University of Debrecen, Hungary)

  • MATE Domician

    (University of Debrecen, Hungary)

Abstract

This paper aims to contribute to a better understanding of the economic growth tendencies in Estonia and other formal post-socialist countries and the interaction between productivity growth and their determinants after the transition decades. So this paper is structured as follows. Firstly we will introduce an alternative growth accounting method to determine the components of productivity growth based on this concept. In Section we will also provide our empirical results in Estonia, Latvia, Lithuania and Hungary compared to the EU-15 countries between 1990 and 2011 how TFP (Total Factor Productivity), Physical and Labour Capital Accumulation can contribute to (increase or decrease) economic performance of each country. Finally, we can conclude that the relationship between labour and output growth per capita has obviously and temporarily changed after the mid-1990s, which could be determined by the increasing role of such socio-economic factors as technological changes, capital accumulation and demographical fluctuations etc.

Suggested Citation

  • MOLNAR Vivien & MATE Domician, 2016. "Productivity Performance Of Estonia In A Growth Accounting Approach," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 214-220, December.
    • Handle: RePEc:ora:journl:v:1:y:2016:i:2:p:214-220
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    File URL: http://anale.steconomiceuoradea.ro/volume/2016/n2/021.pdf
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    More about this item

    Keywords

    productivity growth; growth accounting; regionalism;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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