Belarusian economic growth decomposition

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Show simple item record Kruk, Dzmitry Bornukova, Kateryna 2016-02-17T14:58:28Z 2016-02-17T14:58:28Z 2016-02-17
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.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.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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