We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external … borrowing. Using empirically identified processes for productivity and the external interest premium, we simulate the effects of …

negative effect of both productivity and foreign ownership. Productivity does not have any role in price and quantity growth …

productivity of firms. Development indicators include local research and development activity or education while policy decisions … large national panel of firms. Importantly, such a rich dataset has rarely been employed for productivity and location … choice exercises. The paper is composed of two sections dealing with location choice and productivity, respectively and we …

What is the effect of imports on productivity? To answer this question, we estimate a structural model of producers … productivity through expanding variety as well as improved input quality. The model leads to a production function where the total … factor productivity of a firm depends on the share of inputs imported. To estimate this import-augmented production function …

competitiveness. First of all, labour productivity, particularly in manufacturing, grew at an outstanding rate, mainly due to FDI … other transition countries and gains in domestic productivity. As a consequence, the real exchange rate index based on unit … positive changes in relative productivity and costs. In the second half of the 1990s, Hungary's trade share on EU markets (in …

and institutional adaptations, as well as ongoing gains in labour productivity remain important for maintaining export …