000			02272nam a22004937u 4500
001			pwiiw7079
003			OSt
005			20260406120009.0
008			241128t2024 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aO47 _aN64 _aP23 _aL60 _aQ43 _2jelc
100	1		_aKochnev, Artem
245	1	0	_aConvergence during the Oil Crisis: A Comparison of Labour Productivity in Manufacturing of the Planned and Market Economies
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2024.
300			_a26 S., _b4 Tables and 6 Figure, _c30cm.
490	1		_awiiw Working Papers _v257
520			_aThis 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/
650			_aLabor Productivity
650			_aConvergence
650			_aPlanned Economies
650			_aOil price shocks
650			_aManufacturing
650			_aProductivity
650			_aCompetitiveness
650			_aDifference-in-Difference
650			_aCOMECON Dataset
650			_aKLEMS Dataset
650			_aStructural change
651			_aBulgaria
651			_aCOMECON - Council for Mutual Economic Assistance
651			_aCSSR - Czechoslovakia
651			_aGDR – German Democratic Republic
651			_aHungary
651			_aPoland
651			_aRomania
651			_aUSSR - Soviet Union
690			_aMacroeconomic Analysis and Policy
690			_aInternational Trade, Competitiveness and FDI
690			_aSectoral studies
830		0	_v257 _w7703 _twiiw Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-7079.html
942			_cP
999			_c9102 _d9102