The present paper develops a product cycle model of North South trade and integrates Romer (1990) model and Helpman (1993) model. In this paper, North innovates the variety of intermediate good and South immitates it. Final goods are not traded while variety of capital intensive intermediate...

This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...

This paper analyzes how population and product market competition (PMC) interact with each other in affecting productivity growth. We find that only a fully endogenous growth model with purposeful investment in human capital, an input in the production of intermediate goods, can simultaneously...

This document focuses on innovation, human capital, technology transfers and competition as potential sources of productivity growth for firms. It integrates the views of existing literature such as the two faces of R&D, the convergence debate and the existence of firm-level heterogeneity in...

Are open economies characterized by superior economic performance in the long-run? This paper revisits this important question from the point of the view of unified growth theory. Contrary to other recent attempts to study this question, the paper considers two distinct channels through which...

The aim of the paper is to determine the role of human capital quality of local authorities in the local socio-economic development. The research was carried out in Warmia and Mazury Province in 2008. A synthetic socio-economic development Hellwig index was calculated for all urban-rural and...

A high decline in employment was one of the negative consequences of economic transformation in Hungary in the past few decades. The activity of rural population continues to decrease in the EU. Agriculture has a very special role in forming the employment. The aim of the research is to examine...

Selected problems of human capital in agriculture were presented. The quality of this capital and problems of its measurement have been also discussed. The role of human capital as a primary factor and a substance of intellectual capital was shown. Some typical features of human capital in...