The paper examines the sources of economic growth in the ten new member states of the European Union (EU-10) and in previous member states (EU-15) as a whole. Special attention is devoted to the Czech republic, both from macroeconomic point of view and from the view of nine industries. For the...

Total factor productivity is defined as a relation of product to total factor inputs. Its growth is result of qualitative changes, i.e. intensive factors of growth. For measurement of total factor inputs is used production function with two factors, labor and capital (extensive factors). The...

The study examines the resources of economic growth in the Czech Republic in the course of years from 1992 until 2004. Using the growth accounting method, it analyses the contribution of individual factors to economic growth. Special attention is given to total factor productivity, which, apart...