Artikel

Gross value added and total factor productivity in Czech sectors

The main purpose of this paper is to consider the development of total factor productivity in the development of gross value added in individual sectors of the economy of the Czech Republic in the period from 1996 - 2011. The National Account was the source of the data. The paper addresses the importance of extensive and intensive sources of economic growth in individual sectors. It was found that the development of total factor productivity does not match the growth of gross value added. The growth of gross value added was significantly influenced by extensive and intensive sources of growth in all of the economy and its sectors. The hypothesis stating that if the total factor productivity rises faster than the gross value added, then the extensive factor is negative was accepted for all sectors of the economy. The influence of intensive factors was primarily found in the manufacturing and commercial service sectors. The results of this study indicate differences in the sources of growth in individual sectors.

Sprache
Englisch

Erschienen in
Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 9 ; Year: 2015 ; Issue: 1 ; Pages: 17-28 ; Warsaw: Vizja Press & IT

Klassifikation
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
Macroeconomics: Production
Thema
gross value added
total factor productivity
sectors

Ereignis
Geistige Schöpfung
(wer)
Volek, Tomáš
Novotná, Martina
Ereignis
Veröffentlichung
(wer)
Vizja Press & IT
(wo)
Warsaw
(wann)
2015

DOI
doi:10.5709/ce.1897-9254.157
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Volek, Tomáš
  • Novotná, Martina
  • Vizja Press & IT

Entstanden

  • 2015

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