A tanulmány célja az, hogy a magyar makrogazdaság elmúlt 15 évének legfőbb makrofolyamatait értelmezze a neoklasszikus növekedési modell sztochasztikus változata segítségével. A módszertan a Chari-Kehoe-McGrattan [2007] által bevezetett gazdaságiciklus-számbevételi (business...

A nemzeti vagyon statisztikai nyilvántartása hiányos. E tanulmány megkísérli elő mozdítani e vagyon mennyiségének és értékének teljesebb feljegyzését és számon tartását. Abból a feltevésből indul ki, hogy a növekedés hosszú távú rátája nem csak a vállalkozás, de...

Funding a response to climate change after Kyoto will require another look at both burden sharing and funding mechanisms. After reviewing the risks of cap-and-trade with carbon offsets and the advantages of a harmonized carbon tax, a method is proposed to utilize a harmonized carbon price to...

The article is aimed at the examination of the relation between the economic crisis and the number of consumer bankruptcies declared in the selected European Union member countries, including Poland. It describes the institution of consumer bankruptcy and presents the most essential differences...

Resumen: El estudio del deporte desde la perspectiva económica ha logrado importancia en los círculos académicos, especialmente por su reconocimiento como un sector económico con las mismas características de los sectores tradicionales. Consecuentemente, y ante la inexistencia de estudios...

Desde la década de 1980, India inició un periodo de crecimiento acelerado, a través de unas políticas dirigidas a la promoción de la iniciativa privada y con una marcada orientación a la economía de mercado. Este rápido crecimiento, iniciado en los ochenta, viene asociado con la...

Does a permanent rise in temperature decrease the level or growth rate of GDP in affected countries? Differing answers to this question lead prominent estimates of climate damages to diverge by an order of magnitude. This paper combines indirect evidence on economic growth with new empirical...

This paper builds on a previous paper by the authors (Kornfeld and Fraumeni, 2022) that primarily used U.S. Federal Highway Administration Highway Statistics data to disaggregate investment in highways and streets into more detailed types to produce updated estimates of net wealth stocks and...

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...

The recent debates on infrastructure spending have led to renewed interest in the measurement of infrastructure and its effects on growth and well-being. This paper updates estimates of one important type of infrastructure capital—highways and streets. We compare BEA's capital measures with...