A new empirical model is presented that considers the productivity spillover effects of foreign direct investment (FDI) by focusing on the multi-layered structure of industrial classifications. In this model, the market presence of horizontal FDI in a host country is expressed using multiple...

The current global financial and economic crisis has brought into prominence the patterns of economic modernisation of post-socialist countries in the Central and Eastern European (CEE) region. One of the key factors of successful modernisation and sustainability of competitiveness in these...

This study examines the effects of ownership transformation from the state to the private sector on firm performance in the post-privatization period using annual census-type data of Hungarian enterprises for the early 2000s. The empirical methodology designed to overcome the data limitations...

Rendszerváltás után a magyar gazdaság átalakulásának első ciklusa lezárult. A működőtőke-befektetések vezérelte gazdasági modernizációt a kétségtelen pozitívumok mellett olyan negatívumok is kísérték, mint amilyen például a gazdaság innovációs aktivitásának...