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dc.contributor.authorStefański, Maciej
dc.date.accessioned2023-07-25T08:23:05Z
dc.date.available2023-07-25T08:23:05Z
dc.date.issued2020-12
dc.identifier.citationStefański M., To What Extent does Convergence Explain the Slowdown in Potential Growth of the CEE Countries Following the Global Financial Crisis?, SGH KAE Working Papers, 2020, nr 2020/058, s. 1-52en
dc.identifier.urihttp://hdl.handle.net/20.500.12182/1112
dc.description.abstractThe paper estimates a simple growth model with time-varying cross-country fixed effects on a panel of high-income countries and decomposes changes in potential growth into convergence, movements in the steady state determinants, global TFP growth and labor force growth in order to investigate the sources of potential growth slowdown in CEE following the global financial crisis. Convergence is found to explain about 40% of the slowdown, the other main drivers being falling investment to GDP ratio and the TFP component. Further decomposition of investment and TFP demonstrates that domestic and external factors each account for 25-30% of the slowdown.en
dc.language.isoen
dc.rightsDozwolony użytek*
dc.subjectconvergenceen
dc.subjectpotential growthen
dc.subjectdecompositionen
dc.subjectTFPen
dc.subjectinvestmenten
dc.subjectCEEen
dc.subject.classificationO43en
dc.subject.classificationO47en
dc.titleTo What Extent does Convergence Explain the Slowdown in Potential Growth of the CEE Countries Following the Global Financial Crisis?en
dc.typeworkingPaperen
dc.description.number2020/058en
dc.description.physical1-52en
dc.description.seriesSGH KAE Working Papers Seriesen
dc.identifier.urlpublisherhttp://wydawnictwo.sgh.waw.plen


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