Abstract

http://ssrn.com/abstract=1851226
 
 

References (31)



 


 



Growing Together: Croatia and Latvia


Thorvaldur Gylfason


University of Iceland - Faculty of Economics and Business Administration; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Eduard Hochreiter


affiliation not provided to SSRN

June 2011

Comparative Economic Studies, Vol. 53, Issue 2, pp. 165-197, 2011

Abstract:     
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991, in an attempt to understand better the extent to which the output growth differential between the two countries can be traced to increased efficiency in the use of capital and other resources (intensive growth) as opposed to sheer accumulation of capital (extensive growth). On the basis of a simple growth accounting model, we infer that advances in education at all levels, good governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia and Latvia. The EU perspective seems to have made a more significant contribution to growth in Latvia than in Croatia, even if Latvia's immediate post-accession boom proved unsustainable.

Number of Pages in PDF File: 33

Accepted Paper Series


Date posted: May 24, 2011  

Suggested Citation

Gylfason, Thorvaldur and Hochreiter, Eduard, Growing Together: Croatia and Latvia (June 2011). Comparative Economic Studies, Vol. 53, Issue 2, pp. 165-197, 2011. Available at SSRN: http://ssrn.com/abstract=1851226 or http://dx.doi.org/10.1057/ces.2011.4

Contact Information

Thorvaldur Gylfason (Contact Author)
University of Iceland - Faculty of Economics and Business Administration ( email )
IS-101 Reykjavik
Iceland
+354 525 4533/00 (Phone)
+354 552 6806 (Fax)
HOME PAGE: http://www.hi.is/~gylfason/inenglish.htm)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
Eduard H. Hochreiter
affiliation not provided to SSRN
Feedback to SSRN


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References:  31

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