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...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...