problem was the slow growth of productivity, caused by the slow growth of the manufacturing sector. And why did that matter …? Because he found that productivity of the manufacturing sector was positively related the growth of the manufacturing sector …

central position in this paper, too. -- Hungary ; catching-up ; productivity ; small and medium size firms ; Kaldor's law … problem was the slow growth of productivity, caused by the slow growth of the manufacturing sector. And why did that matter …? Because he found that productivity of the manufacturing sector was positively related the growth of the manufacturing sector …

-- catching up ; real convergence ; Red Queen Paradox ; Jánossy's growth theory ; long-term growth ; productivity …

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We … build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external … borrowing. Using empirically identified processes for productivity and the external interest premium, we simulate the effects of …

endemically weak domestic competition, though the country’s relatively low productivity among domestic business likely signals …

productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer … durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …

productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer … durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … productivity growth in 1995-2004. ICT's impacts were larger, i.e., one-fifth of GVA growth and one-sixth of labour productivity …

This contribution analyzes the impact of intangible capital on labor productivity growth across countries at the … capital deepening accounts for around 40 percent of labor productivity growth at both the aggregate and sectoral level. Second …, we find that this positive impact of intangible capital on productivity growth at both levels of aggregation is driven by …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …