We calculate production functions for the key productive sectors of the Czech economy (agriculture, industry, etc.), exploring the growth-accounting approach and decomposition of total factor productivity (TFP) growth. We establish that the growth in real value added over the period 1996-2005...

In this paper, we apply the aggregate production function to approximate the path of potential output. We use a time-varying NAIRU to derive the amount of potential labour and a newly developed measure of capital services to account for the productive impact of capital. In addition, trend total...