This paper examines the direct sources of economic growth and development in 10 post-socialist Central and East Euro-pean countries in the period from 1995 to 2012. We perform an empirical analysis relying on the methods of growth accounting and development accounting. The results of the growth...

Member states that have not yet adopted the euro submit convergence programmes to the competent organisations of the EU, the Council and the Commission each year. It is common knowledge that the Council requested that the Hungarian programme submitted in 2005 should be revised for the known...

In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...

A szerzők tanulmányukban empirikusan vizsgálják a közép-kelet-európai országok feltételes konvergenciájának folyamatát a humán tőkével kibővített Solow-modell keretében. Többféle minta és modellvariáció alapján megbecsülik a tőkefelhalmo zásból eredő konvergencia...

This paper develops a new approach, termed as the stock approach, to calculate the steady-state output loss caused by public debt in neoclassical growth models. The novelty of our stock approach is that it provides a closed-form solution to the steady-state output-debt relationship. The main...

This paper investigates the crowding-out effect of public debt and the related loss in the long-run output in the framework of neoclassical growth models. To accomplish this task, we incorporate the government sector into three basic neoclassical models, which differ only in their assumptions...

This article investigates the sources of economic growth and relative backwardness in 10 Central Eastern European (CEE) post-socialist countries between 1995 and 2007. It executes both growth accounting and development accounting for the CEE countries. The results show the primary source of...