In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data … between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only … was the main factor behind industry-level productivity growth in Hungary in this period, but creative destruction also …

In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data … between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only … was the main factor behind industry-level productivity growth in Hungary in this period, but creative destruction also …

real domestic income (RGDI) available consumption and investment in case of movements in the terms of trade (ToT). If the …

real domestic income (RGDI) available consumption and investment in case of movements in the terms of trade (ToT). If the …

remove all the barriers what firms confront when entering foreign markets in order to enhance productivity. -- foreign trade … ; total factor productivity ; firms in Hungary …

level of debt is reached: (i)investment falls precipitously as it should when it becomes optimal to default, (ii) economic …-empt default and exact punitive interest rates. We find a systematic response of investment, particularly when property rights are … with concessional rates. Thus, while debt relief is likely to improve economic policy (and especially investment) in …