The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition … picture of productivity fluctuations. Results show that both increases in the capital stock and improvements in productivity … the 90's. The analysis attempts to take into account possible connections between capital deepening and productivity. In …

The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition … picture of productivity fluctuations. Results show that both increases in the capital stock and improvements in productivity … the 90’s. The analysis attempts to take into account possible connections between capital deepening and productivity. In …

to be taken. Market opening is usually measured by changes in competition, market structure, entry conditions, separation …