Total Factor Productivity Growth, Structural Change and Convergence in the New Members of the European Union (CROSBI ID 150511)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Brada, Joseph ; El-Hadj, Bah
engleski
Total Factor Productivity Growth, Structural Change and Convergence in the New Members of the European Union
We estimate total factor productivity (TFP) growth in agriculture, industry and services in new European Union member countries and show how structural change contributes to growth. Because of the difficulties in measuring the capital stock of transition economies, we develop a model that estimates sectoral TFPs from data on sectoral employment and GDP per capita. Compared to Austria, new EU members have lower TFP levels, but their TFP growth is largely higher. Inter-sectoral movements of labour do not play a large role in aggregate TFP growth, and capital accumulation is an important component of convergence to EU levels of per capita GDP.
European Union; total factor productivity; structural change;
Joseph Brada je strani suradnik na projektu pa nema matični broj znanstvenika.
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Podaci o izdanju
Povezanost rada
Ekonomija