Economic Growth in Small Open Economies

Lessons from the Visegrad Countries

  • István Kónya

Table of contents

  1. Front Matter
    Pages i-xvii
  2. István Kónya
    Pages 1-7
  3. Part I

    1. Front Matter
      Pages 9-9
    2. István Kónya
      Pages 11-27
    3. István Kónya
      Pages 29-45
    4. István Kónya
      Pages 47-64
    5. István Kónya
      Pages 65-80
  4. Part II

    1. Front Matter
      Pages 81-81
    2. István Kónya
      Pages 83-103
    3. István Kónya
      Pages 105-135
  5. Part III

    1. Front Matter
      Pages 137-137
    2. István Kónya
      Pages 139-164
    3. István Kónya
      Pages 165-199
  6. Back Matter
    Pages 201-209

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.


Labour supply TFP growth Human capital Capacity utilization Income differences Production inefficiencies Neoclassical growth model Wedges (TFP) Interest premium shocks

Authors and affiliations

  • István Kónya
    • 1
  1. 1.Centre for Economic and Regional StudiesBudapestHungary

Bibliographic information

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