Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/47059 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorFalk, Martinen
dc.contributor.authorRaiser, Martinen
dc.contributor.authorBrauer, Holgeren
dc.date.accessioned2011-06-30T15:11:15Z-
dc.date.available2011-06-30T15:11:15Z-
dc.date.issued1996-
dc.identifier.citation|nInstitut für Weltwirtschaft (IfW) |lKiel |y1996en
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x723en
dc.subject.jelE22en
dc.subject.jelE32en
dc.subject.jelP47en
dc.subject.ddc330en
dc.subject.keywordcapital ultilisationen
dc.subject.keywordefficiencyen
dc.subject.keywordJ-curveen
dc.subject.keywordPolanden
dc.subject.stwWirtschaftliche Anpassungen
dc.subject.stwWirtschaftskriseen
dc.subject.stwWirtschaftliche Effizienzen
dc.subject.stwProduktivitäten
dc.subject.stwWirtschaftspotenzialen
dc.subject.stwPolenen
dc.titleMaking sense of the J-curve: Capital utilisation, output, and total factor productivity in Polish industry 1990-1993-
dc.typeWorking Paperen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:723en
dc.identifier.printppn257623035en
dc.date.issuedonline2011en
dc.publisher.online|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburgen
econstor.documentversionDigitized Versionen
econstor.citation.publisherInstitut für Weltwirtschaft (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year1996en

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.