Belarusian economic growth decomposition

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dc.contributor.author Kruk, Dzmitry
dc.contributor.author Bornukova, Kateryna
dc.date.accessioned 2016-02-17T14:58:28Z
dc.date.available 2016-02-17T14:58:28Z
dc.date.issued 2016-02-17
dc.identifier.uri http://hdl.handle.net/10016/22321
dc.description.abstract Belarus experienced rapid economic growth in the 2000's, which abruptly came to halt after 2008. The authors found that the major source of growth was capital accumulation, while growth in total factor productivity (TFP) was modest. Moreover, government interventions and controls on the capital market contributed to misallocation which lowered aggregate productivity. Lack of productivity growth led to the loss of competitiveness on the international markets. Comparisons of TFP in Belarus with the Czech Republic and Sweden shows that comparative advantages of Belarus are concentrated in the natural-resource based industries, and TFP gap with the Czech Republic is not closing over time.
dc.description.sponsorship The authors acknowledge the financial assistance from SIDA.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartof http://hdl.handle.net/10016/22260
dc.relation.ispartofseries BEROC Working Paper Series
dc.relation.ispartofseries 24
dc.subject.other Growth accounting
dc.subject.other Aggregate productivity
dc.subject.other Transition
dc.subject.other Belarus
dc.title Belarusian economic growth decomposition
dc.type workingPaper
dc.relation.publisherversion http://eng.beroc.by/research/working_papers/wp24_eng/
dc.subject.jel O47
dc.subject.jel P27
dc.subject.jel P44
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.type.version draft
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