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dc.contributor.authorFalk, Martinen_US
dc.contributor.authorRaiser, Martinen_US
dc.contributor.authorBrauer, Holgeren_US
dc.date.accessioned2011-06-30T15:11:15Z-
dc.date.available2011-06-30T15:11:15Z-
dc.date.issued1996en_US
dc.identifier.urihttp://hdl.handle.net/10419/47059-
dc.description.abstractThe economies of Central and Eastern Europe are undergoing a period of rapid structural change. The general pattern confirms to the J-curve anticipated by several observers at the start of transition. This paper conceptualises the J-curve as the result of a combination of two factors. First, real energy price increases render parts of the capital stock obsolete, due to complementarity between capital and energy in the short run. Second, demand shifts and to a lesser extent efficiency improvements induced by increases in competition cause dramatic changes in total factor productivity. The paper shows for the case of Polish industry that 43 per cent of the capital stock was rendered obsolete over the 1990-1993 period. Total factor productivity fell by 11 per cent in 1990 but had increased to 17 per cent above the 1989 level by 1993. As the capital stock is gradually rebuilt, improvements in efficiency will guarantee an output level higher than before the start of transition.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 723en_US
dc.subject.jelE22en_US
dc.subject.jelE32en_US
dc.subject.jelP47en_US
dc.subject.ddc330en_US
dc.subject.keywordcapital ultilisationen_US
dc.subject.keywordefficiencyen_US
dc.subject.keywordJ-curveen_US
dc.subject.keywordPolanden_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwWirtschaftskriseen_US
dc.subject.stwWirtschaftliche Effizienzen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwWirtschaftspotenzialen_US
dc.subject.stwPolenen_US
dc.titleMaking sense of the J-curve: Capital utilisation, output, and total factor productivity in Polish industry 1990 - 1993en_US
dc.typeWorking Paperen_US
dc.identifier.ppn257623035en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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