Sources of productivity growth in Eastern Europe and Russia before the global financial crisis

被引:0
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作者
Ilya B. Voskoboynikov
机构
[1] HSE University,Centre for Productivity Studies
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关键词
Transitional economies; Productivity; Industrial growth accounting; Level accounting; Structural change; O47; L16; P27;
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摘要
This paper shows that the industrial origins of productivity growth in Czechia, Hungary, and Slovenia (CEE-3) and Russia before 2008 were similar and driven by manufacturing industries. The contribution of manufacturing industries to multifactor productivity (MFP) growth is substantial. In CEE-3, it exceeded market services. The contribution of labor reallocation to labor productivity growth was modest and did not surpass one quarter of the aggregate labor productivity growth. Finally, industries demonstrate a strong beta-convergence of MFP. The speed of convergence is higher in manufacturing industries than in market services.
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页码:225 / 241
页数:16
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