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https://doi.org/10.18045/zbefri.2016.2.271

Impact of the transition on the total factor productivity in Croatia

Irena Raguž Krištić   ORCID icon orcid.org/0000-0002-1422-9282 ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia
Ivo Družić ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia
Josip Tica   ORCID icon orcid.org/0000-0001-7937-1573 ; Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (4 MB) str. 271-308 preuzimanja: 664* citiraj
APA 6th Edition
Raguž Krištić, I., Družić, I. i Tica, J. (2016). Impact of the transition on the total factor productivity in Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci, 34 (2), 271-308. https://doi.org/10.18045/zbefri.2016.2.271
MLA 8th Edition
Raguž Krištić, Irena, et al. "Impact of the transition on the total factor productivity in Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 34, br. 2, 2016, str. 271-308. https://doi.org/10.18045/zbefri.2016.2.271. Citirano 17.10.2021.
Chicago 17th Edition
Raguž Krištić, Irena, Ivo Družić i Josip Tica. "Impact of the transition on the total factor productivity in Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci 34, br. 2 (2016): 271-308. https://doi.org/10.18045/zbefri.2016.2.271
Harvard
Raguž Krištić, I., Družić, I., i Tica, J. (2016). 'Impact of the transition on the total factor productivity in Croatia', Zbornik radova Ekonomskog fakulteta u Rijeci, 34(2), str. 271-308. https://doi.org/10.18045/zbefri.2016.2.271
Vancouver
Raguž Krištić I, Družić I, Tica J. Impact of the transition on the total factor productivity in Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2016 [pristupljeno 17.10.2021.];34(2):271-308. https://doi.org/10.18045/zbefri.2016.2.271
IEEE
I. Raguž Krištić, I. Družić i J. Tica, "Impact of the transition on the total factor productivity in Croatia", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.34, br. 2, str. 271-308, 2016. [Online]. https://doi.org/10.18045/zbefri.2016.2.271

Sažetak
The goal of this paper is to determine the impact of transition on the total factor
productivity (TFP) in Croatia. Hypothesis of our paper is that transition had a
positive impact on the growth rate of TFP and its share in the GDP growth. We
employ growth accounting methodology to estimate TFP and structural break tests
to estimate total number and location(s) of structural break(s) in the estimated
TFP series. In order to test for the robustness of our results we combine different
sets of assumptions and derive 18 different TFP series. The fundamental results of
the paper imply that transition had a positive effect on the TFP growth rate, but it
did not have statistically significant effect on the relative importance (share) of
TFP in GDP growth rate. Structural break tests have indicated two statistically
significant break locations in the TFP growth rate data. The first break in 1979 is closely connected with overall slowdown of growth, while the second break
location in 1993 can be attributed to the transition reforms. Estimated locations of
the structural breaks are robust over all 18 estimated TFP series. The basic
conclusion from this research is that transition reforms have managed to spark the
growth of the overall economy as well as TFP, but the relative importance of the
TFP vis a vis other growth factors such as human or physical capital did not
significantly change.

Ključne riječi
Total factor productivity; transition; growth accounting; structural breaks

Hrčak ID: 171136

URI
https://hrcak.srce.hr/171136

[hrvatski]

Posjeta: 1.179 *