TY  - BOOK
AU  - Kochnev,Artem
TI  - Convergence during the Oil Crisis: A Comparison of Labour Productivity in Manufacturing of the Planned and Market Economies
T2  - wiiw Working Papers
PY  - 2024///
CY  - Wien
PB  - Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
KW  - Labor Productivity
KW  - Convergence
KW  - Planned Economies
KW  - Oil price shocks
KW  - Manufacturing
KW  - Productivity
KW  - Competitiveness
KW  - Difference-in-Difference
KW  - COMECON Dataset
KW  - KLEMS Dataset
KW  - Structural change
KW  - Bulgaria
KW  - COMECON - Council for Mutual Economic Assistance
KW  - CSSR - Czechoslovakia
KW  - GDR – German Democratic Republic
KW  - Hungary
KW  - Poland
KW  - Romania
KW  - USSR - Soviet Union
N2  - 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

UR  - https://wiiw.ac.at/p-7079.html
ER  -