Template-Type: ReDIF-Paper 1.0
Author-Name: Péter Harasztosi
Author-X-Name-First: Péter
Author-X-Name-Last: Harasztosi
Author-Email: harasztosip@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank (central bank of Hungary)

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

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.

Length: 46 pages
Creation-Date: 2011
File-URL: http://www.mnb.hu/letoltes/wp-2011-12.pdf
File-Format: Application/pdf
Number: 2011/12
Classification-JEL: O47, D24, L25
Keywords: growth decomposition, productivity, reallocation, firm level data

Handle: RePEc:mnb:wpaper:2011/12