ABSTRACT

The paper estimates a simple growth model with time-varying cross-country fixed effects on a panel of high-income countries and decomposes changes in potential growth into convergence, movements in the steady-state determinants, global TFP growth and labor force growth in order to investigate the sources of potential growth slowdown in CEE following the global financial crisis. Convergence is found to explain about 40% of the slowdown, the other main drivers being falling investment to GDP ratio and the TFP component.

中文翻译：

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在全球金融危机之后，融合在多大程度上解释了中东欧国家潜在增长的放缓？

摘要

本文估计了一个简单的增长模型，该模型对一组高收入国家具有时变的跨国固定效应，并将潜在增长的变化分解为趋同，稳态决定因素的变动，全球TFP增长和劳动力增长，从而调查全球金融危机后中欧和东欧潜在增长放缓的根源。人们发现，趋同性可以解释约40％的放缓，其他主要驱动力是投资与GDP的比率以及全要素生产率的下降。