Ekonomicky rust v ceske republice a novych clenskych zemich evropske unie v obdobi 1995-2006
In: Politická ekonomie: teorie, modelování, aplikace, Volume 56, Issue 4, p. 435-448
ISSN: 0032-3233
The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) & in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view & from the view of nine industries. For the analyses is used growth accounting method, where factors of production are labor, capital & total factor productivity. With the exception of the Czech Republic & EU-15 the reconstruction of capital stock was needed. We have used perpetual inventory method. The analyses has shown, that the main factor of economic growth in EU-10 was total factor productivity, mainly in the Baltic states. In the Czech Republic the main driving force of macroeconomic total factor productivity was manufacturing industry. The fast growing total factor productivity in EU-10 was the main factor of convergence to EU-15. Tables, Graphs, References. Adapted from the source document.