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...

Enabling educated individuals to work abroad entails a brain drain and results in educated unemployment at home. Because the prospect of migration raises the expected returns to higher education it also facilitates a "brain gain": a eveloping economy ends up with a higher fraction of educated...

Tanulmányomban a gazdasági növekedés három különbözõ modelljét vizsgálom. Mindhárom a magasan aggregált modellek dezaggregálásának irányába mutat, ez az irány azonban az egyes modellek esetében eltérõ. Ennek ellenére mindhárom modellben megjelennek a növekedési...