This article analyses the sources of economic growth of the GDP in the Slovak Republic during 1995 - 2006 period. The analysis is based on growth accounting. The methodology and historical background of modern growth theory and growth accounting are also explained. The analysis in the article includes the computations of the capital stock data, which were not published yet officially as well as the calculations of total factor productivity in the Slovak Republic. These computations are rarely used in the Slovak Republic and their aim is to lay down the fundamentals for another development of the economic analysis in Slovakia.
The article presents an alternative method to growth accounting. It makes it possible to express the effect of change in the quantity of inputs as well as the effect of the productivity of inputs (i.e. technological changes) on the change of GDP for all possible typologies of input/output changes. Dynamic parameters of intensity and extensity could be delivered as the output of the method. The first one captured the effect of change in the summary productivity factors, while the latter captures changes in the input quantity. The dynamic parameters were calculated for the development of GDP of the Czech Republic and the Slovak Republic in the period 1990 – 2014.The results confirm more intensive Slovak development in the given period that is manifested in reaching of Czech value of GDP per capita expressed in purchasing power parity (PPS).
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