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Economic Growth in Small Open Economies

Lessons from the Visegrad Countries

  • Book
  • © 2018

Overview

Authors:
  1. István Kónya

    1. Centre for Economic and Regional Studies, Budapest, Hungary

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  • Deals with a topic not consistently covered before: the growth process after economic transition from centrally planned to market economies

  • Introduces new ideas in explaining growth shocks

  • Presents a clear and structured model that can be applied to different countries, making comparisons easier

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xvii
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  2. Introduction

    • István Kónya
    Pages 1-7

  3. Part I

    1. Front Matter

      Pages 9-9
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    2. Methodology and Stylized Facts

      • István Kónya
      Pages 11-27

    3. Labor Input and Labor Income

      • István Kónya
      Pages 29-45

    4. Capital Stock and Capacity Utilization

      • István Kónya
      Pages 47-64

    5. Growth and Development Accounting

      • István Kónya
      Pages 65-80

  4. Part II

    1. Front Matter

      Pages 81-81
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    2. The Neoclassical Growth Model

      • István Kónya
      Pages 83-103

    3. Markets and Distortions

      • István Kónya
      Pages 105-135

  5. Part III

    1. Front Matter

      Pages 137-137
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    2. Growth and the Financial Environment

      • István Kónya
      Pages 139-164

    3. Credit Crisis and Growth

      • István Kónya
      Pages 165-199

  6. Back Matter

    Pages 201-209
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Keywords

About this book

This book studies the economic growth and development of four Visegrad economies (Czech Republic, Hungary, Poland and Slovakia) between 1995-2014. The author uses a neoclassical growth model with distortions (wedges) to identify the main sources of economic growth for each of these countries including employment, human capital, capital accumulation and TFP growth. The first part of the book is structured around the concept of production function, factor inputs and growth accounting, and the second part of the book looks at selected problems related to economic developments of the analysed countries. This book combines empirical facts, data analysis and macroeconomic modelling and will appeal to those interested in convergence and growth in general, and analysts and researchers studying the Visegrad countries in particular.

Authors and Affiliations

  • Centre for Economic and Regional Studies, Budapest, Hungary

    István Kónya

About the author

István Kónya is Visiting Professor at the Economics Department of the Central European University in Budapest, Hungary, and Research Advisor at the Institute of Economics of the Hungarian Academy of Sciences. Previously, he worked as an assistant professor at Boston College, USA (2001-2004). 

His research interests are in economic growth, labor economics and international economics. 


István received his Ph.D. from Northwestern University in 2001. He also holds an M.A. in Economics from the Budapest University of Economics Sciences (1996). He currently teaches Macroeconomic Theory (MA) and Growth and Development (PhD).

Bibliographic Information

  • Book Title: Economic Growth in Small Open Economies

  • Book Subtitle: Lessons from the Visegrad Countries

  • Authors: István Kónya

  • DOI: https://doi.org/10.1007/978-3-319-69317-0

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018

  • Hardcover ISBN: 978-3-319-69316-3Published: 01 February 2018

  • Softcover ISBN: 978-3-319-88754-8Published: 04 June 2019

  • eBook ISBN: 978-3-319-69317-0Published: 24 January 2018

  • Edition Number: 1

  • Number of Pages: XVII, 209

  • Number of Illustrations: 51 illustrations in colour

  • Topics: Political Economy/Economic Systems, Economic Growth

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