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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
This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done 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...
Persistent link: https://www.econbiz.de/10005645493
turns out to be preferred by society when ex ante income inequality is relatively low, while a majoritarian system is chosen … when income inequality is relatively high. We also obtain that consensual democracies should be expected to be ruled more … the relationship between inequality and redistribution are discussed. Historical evidence and a cross-sectional analysis …
Persistent link: https://www.econbiz.de/10005772164
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...
Persistent link: https://www.econbiz.de/10010494419
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...
Persistent link: https://www.econbiz.de/10003935473
Non-cognitive skills are important predictors of success on the labour market and in many areas of economic and social life. This paper explores the current literature on the economics of non-cognitive skill formation and the most important explanatory factors behind the recent boost of the...
Persistent link: https://www.econbiz.de/10012028735
Institutions of the liberal democracies of the developed Western world are increasingly insufficient to deal with the ever worsening of social problems associated with technological progress, the rapid economic transformation of the economy, the demographic issues and the acceleration of...
Persistent link: https://www.econbiz.de/10012290249
The starting point of this paper is a widely shared fundamental preference according to which Hungary should follow a fast, sustainable development path and catch up with the developed world in the foreseeable future. Questions raised in this paper are related to the instrumental preferences....
Persistent link: https://www.econbiz.de/10010494458
The paper investigates the effect of teacher characteristics (experience, level of education attainment and credentials, gender) on the achievement of eighth grade students using matched student-teacher data from the 1999, 2003 and 2007 TIMSS surveys. The analysis covers European countries, thus...
Persistent link: https://www.econbiz.de/10010494474