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The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition of GDP growth. Compared to the previous literature on Hungary, contributions include the quantification of human capital and the inclusion of the capacity utilization of...
Persistent link: https://www.econbiz.de/10011444388
The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition of GDP growth. Compared to the previous literature on Hungary, contributions include the quantification of human capital and the inclusion of the capacity utilization of...
Persistent link: https://www.econbiz.de/10011345031
One of the basic premises of societies and economies is the capability of humans to understand and judge the aims and motivations of others. We are continuously observing the facial expressions of our fellows. We keep watching and try to understand the undercurrents of important events for us....
Persistent link: https://www.econbiz.de/10011944874
One of the basic premises of societies and economies is the capability of humans to understand and judge the aims and motivations of others. We are continuously observing the facial expressions of our fellows. We keep watching and try to understand the undercurrents of important events for us....
Persistent link: https://www.econbiz.de/10011537674
This paper focuses on the role of institutions in enhancing economic growth. Attention to the institutional environment … specialization and the division of labor. Instead, development is seen as a response to the evolution of institutions that support …. That is, institutions do matter when it comes to costs minimizing or, in other words, the secret of obtaining efficient …
Persistent link: https://www.econbiz.de/10005669010
Persistent link: https://www.econbiz.de/10008732252
Persistent link: https://www.econbiz.de/10001458423
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Persistent link: https://www.econbiz.de/10001239470