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 …

to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. …

The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition … picture of productivity fluctuations. Results show that both increases in the capital stock and improvements in productivity … the 90's. The analysis attempts to take into account possible connections between capital deepening and productivity. In …

The volume index of GDP reflects the change in real income generated by production, which differs from the change in … ToT improve (the price index of exports is above that of imports), RGDI increases by more than real GDP, permitting higher …

-- catching up ; real convergence ; Red Queen Paradox ; Jánossy's growth theory ; long-term growth ; productivity …