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An Old Theory vs. Complexity – Federalism, transfer system and (non)growth

For a long time, economic literature (theoretical and empirical) suggested that one of the best performing countries (in terms of innovativeness, productivity, growth, democracy, decreasing inequality etc.) are those having highly decentralised system, the so called fiscal federalism and the associated transfer system. Germany is one of those countries. The apropos of this short rudimentary post is the recent evidenc
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A kis dolgok a nagy dolgok – A japán rejtély nyomán

Muraközy László A japán rejtély c. 2016-ban megjelent könyve egyrészt azért jó, mert szerzője nem a szokásos kérdést porolja le (Mi volt a japán csoda oka?), hanem a felemelkedés és hanyatlás ciklikus mozgatórugóit tárja elénk nagy ívű áttekintésében. Másrészt azért is kiváló, mert új kérdéseket vet föl az Olvasóban. Mi most nem a könyv ismertetésére vállalkozunk – azt megtették mások, pl. itt –, inkább ugródeszkakén
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Talent-Competitiveness of Hungary – No Hope for Fleurs du Mal?

Despite the popular belief, the Hungarian education has never been a world class one. There will be no significant improvements without strategic governmental actions, i.e. the flowers of decay, Fleurs du Mal, will not arise spontaneously. – Finding from our paper. Live Long Talents Tim Harford sensitively illustrated in one of his latest books (Adapt) that talent is often a matter of tenacity, a minimum of 10,
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Unfolding Energy Efficiency in Eastern Partnership Countries

Fostering energy efficiency is a prerequisite of sustainable development. A recently published Synthesis Report argues that the entire innovation ecosystem and the relationships within shall be analysed when promoting energy efficiency especially in countries like Eastern Partnership Countries of the European Union. A more systemic understanding is in order to stimulate the necessary paradigm shift towards more quali
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Forecasting, forecrusting?

There is no more practical thing than a good theory. Furthermore, the strong predictive power of such theory – as Milton Friedman (1953) argued[i] – is a necessary precondition to consider the given theory as an instructive one. A non-negligible proportion of prominent economists argue that forecasting is the raison d’être of the science of economics. When it comes to forecasting, we enter the sphere of not bei
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The Resurgence of the Core-Periphery Approach in the Context of the European Integration

In the month of the International Woman’s Day, let us remember to an extraordinarily creative and significant female scientist, to Amalie „Emmy“ Noether, who was born 134 years ago in Germany. Noether is widely considered as the inventor of a theorem of which importance is comparable to that of Albert Einstein’s theory of relativity. Without being exhaustive, and at the level of the layman, Noether’
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