Analysis of Intensity GDP Development of Czech Republic and Slovak Republic Cover Image

Analýza vývoje intenzity hrubého domácího produktu České republiky a Slovenské republiky
Analysis of Intensity GDP Development of Czech Republic and Slovak Republic

Author(s): Jiří Mihola, Petr Wawrosz
Subject(s): Economy, National Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: GDP; economic development; total input factor; total factor productivity; dynamic parameters of intensity and extensity; economic growth; growth accounting; Czech Republic; Slovak Republic

Summary/Abstract: The article presents an alternative method to growth accounting. It makes it possible to express the effect of change in the quantity of inputs as well as the effect of the productivity of inputs (i.e. technological changes) on the change of GDP for all possible typologies of input/output changes. Dynamic parameters of intensity and extensity could be delivered as the output of the method. The first one captures the effect of change in the summary productivity of factors, while the latter captures changes in the input quantity. The dynamic parameters were calculated for the development of GDP of the Czech Republic and the Slovak Republic in the period 1990 – 2014. The results confirm more intensive Slovak development in the given period that is manifested in reaching of Czech value of GDP per capita expressed in purchasing power parity (PPS).

  • Issue Year: 63/2015
  • Issue No: 08
  • Page Range: 775-794
  • Page Count: 20
  • Language: Czech