The aim of the paper is to assess empirially economic growth and productivity patterns in Central and East European Countries (CEECs), and to provide a thorough insight into the factors influencing macroeconomic competitiveness in the CEE region. The study goes back to early 1990s and describes macroeconomic developments in eight countries which joined the EU in 2004 (namely: the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia and the Slovak Republic). It turns out that CEECs as a group have managed to bridge part of the gap in productivity levels with respect to the Western Europe and there are some sings of positive catch-up process resulting from beta convergence tendencies. However, differences in the pace of economic development in terms of GDP per capita growth between separate CEECs have been strongly determined by the differences in rates of productivity growth. Part of the differences in GDP per hour worked levels can be explained by the differences in technological capabilities, infrastructure and the pace of technology transfer from abroad.
Authors
Additional information
- Category
- Publikacja monograficzna
- Type
- rozdział, artykuł w książce - dziele zbiorowym /podręczniku w języku o zasięgu międzynarodowym
- Language
- angielski
- Publication year
- 2007
