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Rapid Growth in Transition Economies Growth-Accounting Approach

This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key ques...

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Bibliographic Details
Main Author: Iradian, Garbis
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Labour
Productivity
Cost
Capital And Total Factor Productivity
Production
Industrial Productivity
Total Factor Productivity
Labor
Macroeconomics: Production
Industrial Capacity
Capacity Utilization
Labor Economics: General
Macroeconomics
Capacity
Economic Theory
Income Economics
Production Growth
Production And Operations Management
Labor Economics
Uzbekistan, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key question for prospective growth is whether the TFP gains achieved thus far have already eliminated most of the inefficiencies of central planning-and will therefore soon fade away. Underutilized labor combined with the recent trend of faster capital accumulation may play a more important role in the medium-term growth
Physical Description:34 pages
ISBN:9781451867282

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