of GDP growth. Compared to the previous literature on Hungary, contributions include the quantification of human capital … picture of productivity fluctuations. Results show that both increases in the capital stock and improvements in productivity … contributed to Hungarian growth, while the role of human capital, and employment in particular was only important at the end of …

of GDP growth. Compared to the previous literature on Hungary, contributions include the quantification of human capital … picture of productivity fluctuations. Results show that both increases in the capital stock and improvements in productivity … contributed to Hungarian growth, while the role of human capital, and employment in particular was only important at the end of …

in a dynamic general equilibrium model with overlapping generations where agents choose both schooling (human capital …) and assets (physical capital). This paper shows that when labor markets are competitive even low levels of wage …

simple capital market model with credit constraints. Empirically, we find increases in political constraints precede economic …