Convergence during the Oil Crisis: A Comparison of Labour Productivity in Manufacturing of the Planned and Market Economies

By: Kochnev, Artem.

Material type: materialTypeLabel

BookSeries: wiiw Working Papers: 257Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024Description: 26 S., 4 Tables and 6 Figure, 30cm.Subject(s): Labor Productivity | Convergence | Planned Economies | Oil price shocks | Manufacturing | Productivity | Competitiveness | Difference-in-Difference | COMECON Dataset | KLEMS Dataset | Structural changeCountries covered: Bulgaria | COMECON - Council for Mutual Economic Assistance | CSSR - Czechoslovakia | GDR – German Democratic Republic | Hungary | Poland | Romania | USSR - Soviet Unionwiiw Research Areas: Macroeconomic Analysis and Policy | International Trade, Competitiveness and FDI | Sectoral studiesClassification: O47 | N64 | P23 | L60 | Q43 Online resources: Click here to access online Summary: This paper examines labour productivity convergence in manufacturing of the planned and market economies in the setting of the oil price shocks of the 1970s. Using the wiiw COMECON Dataset and the KLEMS dataset, the paper constructs a single-digit industry-level productivity metric for selected industries and applies a difference-in-difference estimator to estimate the impact of the oil price shocks on convergence in productivity levels across industries between 1970 and 1985. Although the paper does not find an impact of the oil price shocks on convergence of the command economies, it does detect an accelerating impact on the convergence process of the market economies. wiiw COMECON Dataset: https://comecon.wiiw.ac.at/

Holdings
Cover image	Item type	Current library	Home library	Collection	Shelving location	Call number	Materials specified	Vol info	URL	Copy number	Status	Notes	Date due	Barcode	Item holds	Item hold queue priority	Course reserves
	Paper	WIIW Library				5.700/257 (Browse shelf(Opens below))					Available			1000010007079

Browsing WIIW shelves,Shelving location: Library Close shelf browser (Hides shelf browser)

Previous	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	No cover image available	Next
Previous	5.700/254 EU carbon border tax: General equilibrium effects on income and emissions	5.700/255 Labour developments, living standards and well-being in Eastern Europe before the transition	5.700/256 Eastern Europe before Transition: Exploring historical trade data on external economic relations in CESEE’s command economies	5.700/257 Convergence during the Oil Crisis: A Comparison of Labour Productivity in Manufacturing of the Planned and Market Economies	5.700/258 Offshoring, technological change and the quality of work in the EU: On the mediating role of trade unions	5.700/259 Offshoring, technological change, labour market institutions and the demand for typical and atypical employment in Europe	5.700/26 Global Growth Processes: Technology Diffusion, Catching-up and Effective Demand	Next

This paper examines labour productivity convergence in manufacturing of the planned and market economies in the setting of the oil price shocks of the 1970s. Using the wiiw COMECON Dataset and the KLEMS dataset, the paper constructs a single-digit industry-level productivity metric for selected industries and applies a difference-in-difference estimator to estimate the impact of the oil price shocks on convergence in productivity levels across industries between 1970 and 1985. Although the paper does not find an impact of the oil price shocks on convergence of the command economies, it does detect an accelerating impact on the convergence process of the market economies.

wiiw COMECON Dataset:

https://comecon.wiiw.ac.at/

Click on an image to view it in the image viewer