Premature stalling of the catching-up process in CEECs: The case of Slovakia

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dc.contributor.authorMorvay, Karol
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2025-12-08T11:24:16Z
dc.date.available2025-12-08T11:24:16Z
dc.description.abstractThe slowdown in the catching-up process has attracted considerable attention, as it is a phenomenon observed in a real context. It has affected almost all CEE countries after the global financial crisis, but to an unequal extent. The article deals with the problem of stalling catching up with advanced economies from the Slovak perspective. It is a problem with broad links to all sectors of the economy as it affects business activity, public administration and households. The analysis is constructed as an explanatory case study (trying to present and explain the different trajectory of one economy compared to a set of similar ones), which relies on the insights of growth accounting. Its aim is to prove that (i) Slovakia experienced a more pronounced break in the convergence trend than the other CEE5 countries; and that (ii) the slowing factors were spread across all growth drivers used in growth accounting (capital, labor, total factor productivity). In the case of capital, there was a fall in the investment rate and a halt in the overcoming of the gap in capital deepening. In the case of labor inputs, there has been a shift from a labor force excess to a shortage. There has been a significant backwardness in the forces supporting total factor productivity (R&D, accumulation of intellectual property products, quality of regulation). The decline in the total factor productivity (TFP) dynamics has been identified in several studies as a causal factor in the convergence slowdown. And it is precisely in the forces supporting TFP that the most significant weaknesses are identified in the case of Slovakia.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2025-4-004
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/178355
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectConvergenceen
dc.subjectinvestment rateen
dc.subjectlabor force shortageen
dc.subjectproductivityen
dc.subjectSlovak economyen
dc.subject.classificationO47
dc.subject.classificationO11
dc.subject.classificationE22
dc.subject.classificationE24
dc.titlePremature stalling of the catching-up process in CEECs: The case of Slovakiaen
dc.typeArticleen
local.accessopen
local.citation.epage63
local.citation.spage44
local.facultyFaculty of Economics
local.filenameEM_4_2025_4
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue4
local.relation.volume28
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