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Assessing the potential for knowledge-based development in transition countries. Bruegel Working Paper 2010/01, May 2010

Veugelers, Reinhilde. (2010) Assessing the potential for knowledge-based development in transition countries. Bruegel Working Paper 2010/01, May 2010. [Working Paper]

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    Abstract

    This Working Paper by Bruegel Senior Fellow Reinhilde Veugelers examines the potential for a knowledge-based growth path in transition countries of central and eastern Europe, the Caucasus and Central Asia. The paper looks closely at how total-factor productivity, a residual growth factor commonly interpreted as reflecting technological progress, drives growth rates in these economies which exhibit a much lower GDP per capita compared to the EU15 or the United States. By analysing the prerequisites for knowledge-based growth, the author explains why transition countries are at a systemic disadvantage relative to the EU15, US and Japan and have limited potential for knowledge-based growth.

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    Item Type: Working Paper
    Uncontrolled Keywords: Emerging economies and development; Research, innovation and growth; New Member States; Enlargement and Neighbourhood.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > innovation policy
    EU policies and themes > External relations > EU-Caucasus
    EU policies and themes > External relations > EU-Asia-general > Central Asia
    EU policies and themes > External relations > EU-Central and Eastern Europe
    EU policies and themes > External relations > EU-Baltics
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    EU Series do not use: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 30 Jun 2010
    Page Range: p. 29
    Last Modified: 08 Apr 2014 11:31
    URI: http://aei.pitt.edu/id/eprint/14186

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