Significant cross-country differences in real income levels are accompanied by sizable differences in price levels, and, in the longer run, convergence in real income levels goes together with convergence in price levels. Although the cross-country comparison of nominal per capita GDP levels at...

Venture capital and private equity financing has become an important mechanism for the development and radical transformation of companies worldwide in recent decades. Nevertheless, the venture capital and private equity sector covers only a relatively small proportion of economic activity...

Imports is an important factor beside exports when firm-level connection between innovation and productivity is analyzed. Innovation boosts productivity, its impact has been changing between 2005 and 2016 in Hungary. The estimated impact increased until 2010, then declined and fell to the level...

Matched firm-level balance sheet and partner- and product-level foreign trade data can be used to examine the relationship between product mix and productivity of firms, as well as other characteristics, such as size or foreign ownership. The conclusions to be drawn on the basis of foreign trade...