, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …

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 …

A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined …

productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial …

-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for …