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Analysis of the sources of economic growth and TFP level in V4 countries and in Finland

Author

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  • Martin Lábaj

    (University of Economics in Bratislava, Faculty of National Economy, Department of Economic Policy)

  • Róbert Kúšik

Abstract

We identify the sources of long-term economic growth in V4 countries and in Finland in this paper. We show the differences in productivity levels and their development over time, with following decomposition of productivity gap to technological backwardness and inefficiency. We deal with an analysis of particular V4 economies with comparison to Finland. We have revealed relatively high differences in the sources of economic growth as well as in productivity levels. We have showed that the importance of lagging behind in efficiency is high, comparing to traditional focus on technological backwardness.

Suggested Citation

  • Martin Lábaj & Róbert Kúšik, 2012. "Analysis of the sources of economic growth and TFP level in V4 countries and in Finland," EAPG Working Paper Series 004, Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava.
    • Handle: RePEc:brt:wpaper:004
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    More about this item

    Keywords

    Economic growth; Total factor productivity; Sources of economic growth; Technological backwardness; Efficiency;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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