Arbeitspapier
Convergence at last? Evidence from Transition Countries
In this paper, we test the neoclassical growth model and its main prediction of conditional convergence of productivity for a sample of transition countries over the period 1990-2002. We split the sample into three periods: 1990-1994, 1994-1998 and 1998-2002 and confirm the convergence hypothesis only for the last period of transition, while in the early transition, factors specific to the transition process dominated productivity growth. We confirm past findings of importance of the process of liberalization and initial conditions for explaining differences in productivity growth. In the period 1998-2002, transition specific factors play no negative role, while in the period 1994-1998 their role is substantially reduced. These results, however, should not yet be intepreted as a sign of a pfirmenent return to convergence in transition countries as they could be caused by differences in transition cycle.
- Sprache
-
Englisch
- Erschienen in
-
Series: LICOS Discussion Paper ; No. 144
- Klassifikation
-
Wirtschaft
Economic Growth and Aggregate Productivity: General
One, Two, and Multisector Growth Models
Economywide Country Studies: U.S.; Canada
Economywide Country Studies: Europe
Economywide Country Studies: Asia including Middle East
- Thema
-
convergence
neoclassical growth
regional growth
Wirtschaftswachstum
Entwicklungskonvergenz
Übergangswirtschaft
Deregulierung
Neoklassik
Osteuropa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Polanec, Sašo
- Ereignis
-
Veröffentlichung
- (wer)
-
Katholieke Universiteit Leuven, LICOS Centre for Transition Economics
- (wo)
-
Leuven
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Polanec, Sašo
- Katholieke Universiteit Leuven, LICOS Centre for Transition Economics
Entstanden
- 2004
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