This paper presents a brief account of the Hungarian renationalization and recentralization process under the 2nd and 3nd government of Prime Minister Viktor Orbán (2010-2018). Under his autocratic rule, Hungary, the former leading reform country in Central and Eastern Europe has made a sharp...

This paper presents a brief account of the Hungarian renationalization and recentralization process under the 2nd and 3nd government of Prime Minister Viktor Orbán (2010–2018). Under his autocratic rule, Hungary, the former leading reform country in Central and Eastern Europe has made a sharp...

This paper presents the idea that retail trade stories might cluster with their competitors to pool marketing expenses and thereby increase their individual visibility among consumers. In a model which presumes such a marketing technology we derive some new comparative statics results. In a...

Global Value Chains play an increasing role in production and export in modern economies. Being part of such global chains can fundamentally affect the performance of a firm, a country, or an industry. In this study, we analyze the production and export of intermediate products and capital goods...

Using firm-level microdata, our study investigates the heterogeneity of three types of taxes levied on firms (corporate tax, payroll tax and local business tax). We show that business taxes per worker and per unit value added significantly differs among different types of firms and that tax...

This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

This study analyses properties of fast growing small and medium sized firms, known as gazelles. Using balance sheet information for the 2000-2008 period, we show that a small fraction of companies is responsible for a large share of new jobs created in the business sector. For instance, the top...

Global Value Chains play an increasing role in production and export in modern economies. Being part of such global chains can fundamentally affect the performance of a firm, a country, or an industry. In this study, we analyze the production and export of intermediate products and capital goods...

Using firm-level microdata, our study investigates the heterogeneity of three types of taxes levied on firms (corporate tax, payroll tax and local business tax). We show that business taxes per worker and per unit value added significantly differs among different types of firms and that tax...

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...