Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74847
Authors: 
Polanec, Sašo
Year of Publication: 
2004
Series/Report no.: 
LICOS Discussion Paper 144
Abstract: 
In this paper, we test the neoclassical growth model and its main prediction of conditional convergence of productivity for a sample of transition countries over the period 1990-2002. We split the sample into three periods: 1990-1994, 1994-1998 and 1998-2002 and confirm the convergence hypothesis only for the last period of transition, while in the early transition, factors specific to the transition process dominated productivity growth. We confirm past findings of importance of the process of liberalization and initial conditions for explaining differences in productivity growth. In the period 1998-2002, transition specific factors play no negative role, while in the period 1994-1998 their role is substantially reduced. These results, however, should not yet be intepreted as a sign of a pfirmenent return to convergence in transition countries as they could be caused by differences in transition cycle.
Subjects: 
convergence
neoclassical growth
regional growth
JEL: 
O40
O41
O51
O52
O53
Document Type: 
Working Paper

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