English, Article, Journal or magazine article edition: TFP Growth in Old and New Europe Michael C. Burda; Battista Severgnini

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • TFP Growth in Old and New Europe
Author
  • Michael C. Burda
  • Battista Severgnini
Physical Description
  • preprint
Notes
  • Using Solow-Tornqvist residuals as well as two alternative measurements, we present estimates of total factor productivity (TFP) growth in a sample of 30 European economies for the period 1994-2005. In most of Western Europe, we find a deceleration of TFP growth since 2000. However, the economies of New Europe exhibit a higher level of TFP growth overall and have slowed less than those of Old Europe. In the new market economies of Central and Eastern Europe, we nd both high TFP growth as well as acceleration in the second half of the sample. Regression evidence from Western Europe suggests that product market regulation may adversely aect TFP growth and may thus impair convergence.
  • Total factor productivity growth, Solow residual, product and labor market regulation
  • RePEc:hum:wpaper:sfb649dp2009-033
Language
  • English
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