Politická ekonomie 2008, 56(4):435-448 | DOI: 10.18267/j.polek.646

Ekonomický růst v České republice a nových členských zemích Evropské unie v období 1995-2006

Mojmír Hájek
Centrum ekonomických studií, Vysoká škola ekonomie a managementu, Praha.

Economic growth in the Czech Republic and new member states of the European Union in the period 1995-2006

The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) and in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view and from the view of nine industries. For the analyses is used growth accounting method, where factors of production are labour, capital and total factor productivity. With the exception of the Czech Republic and 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.

Keywords: sources of economic growth, growth accounting, economic growth and total factor productivity, growth in EU-10 and EU-15
JEL classification: O47

Published: August 1, 2008  Show citation

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Hájek, M. (2008). Economic growth in the Czech Republic and new member states of the European Union in the period 1995-2006. Politická ekonomie, 56(4), 435-448. doi: 10.18267/j.polek.646
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