Growth in Hungary 1994-2008: The role of capital, labour, productivity and reallocation

Arbeitspapier

This paper relates firm level input changes and productivity to aggregate growth of the Hungarian economy for the period 1992 to 2008. The decomposition includes manufacturing, services, agriculture and construction. Results suggest that the role of firm productivity in growth was not stable over time. It played important role in early transition and in the pre-crisis period. Inputs show an initially positive then, after 2001, decreasing contribution to growth. At the same time input reallocation shows a decreasing trend in Hungary.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MNB Working Papers ; No. 2011/12

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Firm Performance: Size, Diversification, and Scope
• Subject: growth decomposition ; productivity ; reallocation ; firm level data

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Harasztosi, Péter
• Event: Veröffentlichung
• (who): Magyar Nemzeti Bank
• (where): Budapest
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/83611
• Last update: 10.03.2025, 11:42 AM CET