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2016 | nr 4 | 319--339
Tytuł artykułu

Catching up in Czech Republic, Hungary and Poland

Warianty tytułu
Języki publikacji
The paper summarizes the convergence of the Polish, Hungarian and Czech economies with the German economy and to their steady states in the period between 1995 and 2013. The growth of relative output is decomposed into growth of capital, labour input, human capital and TFP. The paper also proposes a simple new method that takes advantage of the availability of the data on relative factor prices to separate the effect of increased share of well-educated workers and the effect of increased productivity of a more abundant educational group. The results suggest a massive contribution of TFP convergence in the GDP convergence. The accumulation of physical capital was sluggish, particularly before 2007. (original abstract)
Opis fizyczny
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