This paper focuses on explaining the economic fluctuations in Bulgaria after the introduction
of the currency board arrangement in 1997, the period of macroeconomic stability that …

Drawing upon the experiences of Brazil, Russia, India and China (BRIC), we apply the
Business Cycle Accounting methodology to study the phenomenon of rapid economic …

By conducting wedge-growth accounting, we assess the contribution of the economic forces
(expressed as wedges in the equilibrium conditions of the neoclassical growth model) …

This article studies the adjustment process of a small open economy to a sudden worsening
of external conditions. The sudden stop is modeled by the use of a highly nonlinear …

Drawing upon the experiences of Africa's largest economies–Nigeria, South Africa, Egypt,
Algeria, Angola and Morocco–this paper studies the phenomenon of income discrepancies …

A növekedéselmélet a közgazdaságtan legrégibb és leginkább központi kérdéseit vizsgálja.
Mi magyarázza a világgazdaság hosszú stagnálása utáni robbanásszerű növekedést? Miért …

This chapter discusses the measurement of labor input in the eight countries. Labor input is
a combination of employment, hours per worker, and human capital per worker. Detailed …

This paper views the growth and convergence process of the four Visegrad economies-the
Czech Republic, Hungary, Poland and Slovakia-through the lens of the open economy …

Using the input measures developed in the previous chapter, results from the growth and
development accounting decompositions are presented for the eight countries. The role of …

The paper studies the adjustment process of a small open economy to a sudden worsening
of external conditions. To model the sudden stop, the authors use a highly non-linear …