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Czasopismo
2006 | 17 | 9(181) | 35-55
Tytuł artykułu

CONDITIONAL CONVERGENCE IN TRANSITION ECONOMIES

Wybrane pełne teksty z tego czasopisma
Warianty tytułu
Języki publikacji
PL
Abstrakty
EN
The authors set out to determine if the convergence theory passes the test in 25 transition economies. On the basis of statistical data for the years 1991-2004, using an econometric model, they analyzed the influence of GDP per employee on the growth of labor productivity. They also considered other factors with an influence on the sustainable economic growth. Considering the significant heterogeneity of the analyzed economies in terms of market reforms and institutional conditions, the authors divided the sample into three relatively homogenous groups: 10 new European Union member states excluding Cyprus and Malta; 12 CIS countries; and five Southern and Eastern European economies. The authors evaluated conditional convergence in individual groups of economies, concluding that economies with lower GDP per employee at the start of transition were characterized by a higher rate of growth for most of the analyzed period. GDP per employee primarily depended on investment in physical and human capital, the share of government spending in GDP and inflation. Moreover, the analysis showed that convergence processes in individual countries led to converging long-term economic growth rates, which were positive rather than neutral, contrary to the classic convergence theory.
Słowa kluczowe
Czasopismo
Rocznik
Tom
17
Numer
Strony
35-55
Opis fizyczny
Rodzaj publikacji
ARTICLE
Twórcy
autor
  • A. Rogut, Uniwersytet Lódzki, Instytut Ekonomii, ul. Rewolucji 1905r. 41, 90-124 Lódz, Poland
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
CEJSH db identifier
06PLAAAA01573435
Identyfikator YADDA
bwmeta1.element.214e6ca8-ed34-31f6-befc-cbf0ea504312
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