Anatomy of Regional Disparities in the Slovak Republic
Author/Editor: Mariusz Jarmuzek, Biswajit Banerjee
Release Date: © July, 2009
Stock #: WPIEA2009145
English
Stock Status: Available
Languages and formats available
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| Paperback | Yes | ||||||
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Description
This paper examines economic growth and various dimensions of regional disparities in Slovakia. We find that regional disparities in the levels of GDP per capita, labor productivity, and labor utilization have widened since 2000, coinciding with the time that Slovakia initiated negotiations on EU accession. Notwithstanding ?-divergence in the levels, there was conditional ?-convergence in the growth rates of GDP per capita and labor productivity. Improvements in total factor productivity were the main engine of growth of GDP in all regions. Sustaining growth and reducing disparities will require increasing the labor utilization ratio and improving the structural and policy determinants of productivity in the eastern regions. The main policy priorities are to improve transportation infrastructure, enhance cost competitiveness through greater regional differentiation in wages and further decentralization of collective bargaining, and increase accumulation of human capital.
Keywords
Regional Disparities,
Growth Accounting,
Economic Growth,
Economic Models,
European Union,
Labor Market Policy,
Labor Productivity
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