One of the basic premises of societies and economies is the capability of humans to understand and judge the aims and motivations of others. We are continuously observing the facial expressions of our fellows. We keep watching and try to understand the undercurrents of important events for us....

The paper recalculates total factor productivity (TFP) in Hungary, and based on this, presents an updated decomposition of GDP growth. Compared to the previous literature on Hungary, contributions include the quantification of human capital and the inclusion of the capacity utilization of...

Learning-by-doing and government spending are well-known engines of long-term economic growth. These growth engines’ interaction has not been analysed to the best of our knowledge. This paper aims at filling that perceived gap by combining Matsuyama [1992] and Barro’s [1990] approaches....

Tanulmányomban a gazdasági növekedés három különbözõ modelljét vizsgálom. Mindhárom a magasan aggregált modellek dezaggregálásának irányába mutat, ez az irány azonban az egyes modellek esetében eltérõ. Ennek ellenére mindhárom modellben megjelennek a növekedési...

Enabling educated individuals to work abroad entails a brain drain and results in educated unemployment at home. Because the prospect of migration raises the expected returns to higher education it also facilitates a "brain gain": a eveloping economy ends up with a higher fraction of educated...

The goal of this study is to find the model that best describes the trends in labor demand using international industry level longitudinal data. Our starting point is Kézdi et al. (2006), who uses a fixed-effect model to project labor demand. We take their model and compare it with several...

The environmental Kuznets curve theory suggests that economic growth may reduce environmental problems. In this article, we analyze the changes in environmentally damaging emissions to air in Norway from 1980 to 1996. In order to reveal the factors which decrease the emissions per produced unit,...