The study addresses methodological and conceptual issues related to the measurement, perception and economic interpretation of FDI (foreign direct investment) flows, focusing on reinvested earnings (RE). Using Hungarian data for the period 2008-2014 as an example, we review the effects of two...

We investigate (i) the characteristics of real economic and price convergence, (ii) the relationship between economic growth (convergence) and real exchange rate (RER) misalignments within the European Union (EU) during the period 1995-2016. In addition to the relative external price level of...

The paper studies the labor share among countries of the European Union, with a particular attention to newer member states of Central and Eastern Europe (CEEU). After discussing methodological issues in the computation of the labor share, we present various stylized facts at the country level,...

This paper estimates the relationship between innovation and firm performance by using Community Innovation Survey data for Hungary. It exploits the possibility of linking the innovation data to ownership and disaggregated trade data. Innovative firms are more productive, more likely to trade...

In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for particular firm-product...

In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only increase as a consequence of increasing within-firm...

This paper presents the specificities of Hungarian foreign trading firms from different perspectives, like concentration, efficiency and sectoral structure. Hungarian trade is highly concentrated similarly to other countries. Trading firms are more efficient than their non-trading peers,...

Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...