European Parliament Library

Rapid Growth in Transition Economies :, Growth-Accounting Approach, Garbis Iradian

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
Table Of Contents
Contents; Acronyms; I. Introduction, Purpose, and Scope of Study; Figures; 1. Real GDP Index in 2006; Tables; 1. Output Decline and Recovery; II. Overview of Output Development; 2. Real Private Consumption, 1996-2006; 3. Investment, 1996-2006; III. Methodology and Data Issues; 2. Regional Estimates of the Shares of Inputs; Box; 1. Labor Market; IV. Growth Accounting Results; A. Transition Economies; 4. Sources of Growth, Transition Countries, 1996-2006; 3. Growth Accounting Results for Transition Economies; 4. Sensitivity of TFP Growth Estimates, 1996-2006
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (36 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR