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The sources of economic growth and relative backwardness in the Central Eastern European countries between 1995 and 2007

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  • �kos Dombi

Abstract

This article investigates the sources of economic growth and relative backwardness in 10 Central Eastern European (CEE) post-socialist countries between 1995 and 2007. It executes both growth accounting and development accounting for the CEE countries. The results show the primary source of economic growth was the accumulation of physical capital in the period investigated, followed by the growth of multifactor productivity. The contribution of labour was marginal in most cases. These growth accounting results are consistent with those of development accounting, which show that substantial backwardness (compared with Germany) prevailed only in capital intensity and multifactor productivity in the 10 CEE countries. Beyond the empirics of the growth path of the CEE countries, this study also contributes from a methodological standpoint by providing a thorough overview of the possible techniques of initial capital stock estimation.

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  • �kos Dombi, 2013. "The sources of economic growth and relative backwardness in the Central Eastern European countries between 1995 and 2007," Post-Communist Economies, Taylor & Francis Journals, vol. 25(4), pages 425-447, December.
    • Handle: RePEc:taf:pocoec:v:25:y:2013:i:4:p:425-447
    DOI: 10.1080/14631377.2013.844927
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    1. Caselli, Francesco, 2005. "Accounting for Cross-Country Income Differences," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 9, pages 679-741, Elsevier.
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    9. Gilles Mourre, 2009. "What explains the differences in income and labour utilisation and drives labour and economic growth in Europe? A GDP accounting perspective," European Economy - Economic Papers 2008 - 2015 354, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    1. Gál, Zoltán, 2019. "Az FDI szerepe a gazdasági növekedés és a beruházások területi differenciálódásában Magyarországon [The foreign direct investment role in Hungarys economic growth and territorial differentiation of," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 653-686.
    2. Istvan Konya, 2023. "Catching up or getting stuck: convergence in Eastern European economies," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 13(2), pages 237-258, June.
    3. Kónya, István & Baksa, Dániel, 2017. "Növekedés és pénzügyi környezet [Growth and the financial environment]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 349-376.
    4. Kant, Chander, 2018. "Privatization and growth: natural experiment of European economies in transition," MPRA Paper 96080, University Library of Munich, Germany, revised 28 Sep 2019.
    5. Kónya, István, 2015. "Több gép vagy nagyobb hatékonyság?. Növekedés, tőkeállomány és termelékenység Magyarországon 1995-2013 között [More machines or increased efficiency?. Economic growth, capital and productivity in H," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1117-1139.

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