1 / 9

Athanasios Vamvakidis 14 th Dubrovnik Economic Conference

TFP Growth and Structural Change in Transition Economies a discussion of the paper by El-hadj Bah and Josef Brada. Athanasios Vamvakidis 14 th Dubrovnik Economic Conference. A challenging task. Estimating TFP growth for transition economies is a challenge: Short time series

phong
Télécharger la présentation

Athanasios Vamvakidis 14 th Dubrovnik Economic Conference

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TFP Growth and Structural Change in Transition Economiesa discussion of the paper by El-hadj Bah and Josef Brada Athanasios Vamvakidis 14th Dubrovnik Economic Conference

  2. A challenging task • Estimating TFP growth for transition economies is a challenge: • Short time series • Measurement errors • Structural breaks • No data for capital stock • Structural transformation

  3. Paper’s contribution • TFP estimates “without resource to capital stock data,” using sectoral employment and GDP per capita data • Sectoral estimates to explicitly address structural transformation

  4. What have we learned? • Transition economies have lower TFP than Austria • They are caching up, but not always and not very fast • Structural transformation (inter-sectoral movement of labor) does not play a large role

  5. Potential problems • Can one use the US parameters for transition economies? • Not clear how the initial and subsequent capital stocks were estimated: I would not be able to replicate it based on what is in the paper • Other studies find a large growth contribution of TFP growth in transition economies • Why use Austria for comparisons and not the euro area average?

  6. Related work IMF, “Regional Economic Outlook, Europe,” April 2008, Chapter 3

More Related