RT Generic
T1 Belarusian economic growth decomposition
A1 Kruk, Dzmitry
A1 Bornukova, Kateryna
AB 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 intotal factor productivity (TFP) was modest. Moreover, government interventions and controlson the capital market contributed to misallocation which lowered aggregate productivity. Lack ofproductivity growth led to the loss of competitiveness on the international markets. Comparisonsof TFP in Belarus with the Czech Republic and Sweden shows that comparative advantages ofBelarus are concentrated in the natural-resource based industries, and TFP gap with the CzechRepublic is not closing over time.
YR 2016
FD 2016-02-17
LK https://hdl.handle.net/10016/22321
UL https://hdl.handle.net/10016/22321
LA eng
NO The authors acknowledge the financial assistance from SIDA.
DS e-Archivo
RD 17 jul. 2024