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Title:TFP growth in old and new Europe PDF Logo
Authors:Burda, Michael C.
Severgnini, Battista
Issue Date:2009
Series/Report no.:SFB 649 discussion paper 2009,033
Abstract:Using Solow-Törnqvist 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 find 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 affect TFP growth and may thus impair convergence.
Subjects:Total factor productivity growth
Solow residual
product and labor market regulation
JEL:D24
O47
P27
Document Type:Working Paper
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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