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

Péter Harasztosi

No 2011/12, MNB Working Papers from Magyar Nemzeti Bank (Central Bank of Hungary)

Abstract: 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.

Keywords: growth decomposition; productivity; reallocation; firm level data (search for similar items in EconPapers)
JEL-codes: D24 L25 O47 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2011
New Economics Papers: this item is included in nep-eff and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:wpaper:2011/12

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