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...

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...

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...

The study was prepared in the framework of the "Priority Project TÁMOP - 2.3.2-09/1: Establishing labour market forecasts and foreseeing structural changes". It presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on multi-sector models, in 12...

The study presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on multi-sector models, in 12 countries and the European Union. The principal aim of this effort is to provide ideas, lessons and benchmarks for similar forecasting exercises in...

The study presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on multi-sector models, in 12 countries and the European Union. The principal aim of this effort is to provide ideas, lessons and benchmarks for similar forecasting exercises in...

The study was prepared in the framework of the "Priority Project TÁMOP - 2.3.2-09/1: Establishing labour market forecasts and foreseeing structural changes". It presents a comprehensive overview of labour market forecasting activities, mostly quantitative, based on multi-sector models, in 12...

This paper carries out an explanatory investigation into the relationship between socio-institutional conditions, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional quality, social capital and social conditions in...

Learning-by-doing and government spending are well-known engines of long-term economic growth. These growth engines’ interaction has not been analysed to the best of our knowledge. This paper aims at filling that perceived gap by combining Matsuyama [1992] and Barro’s [1990] approaches....

The paper surveys the main trends of per capita income convergence in the European Union. It stresses that income disparities have ceased to diminish across the European regions since 1980, although convergence between countries has continued in this period. Income levels have diverged inside...