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Germany Sneezes, Hungary Catches a Flu – Is it True?

Author

Listed:
  • Ágnes Csiszárik-Kocsir

    (Óbuda University)

  • András Medve

    (Óbuda University)

Abstract

„When Germany sneezes, Europe catches a cold” – and this statement can often be heard. If Europe catches the cold it can be obvious that a small but still open to the world country being dependent on external demand, a country like Hungary inevitably gets pneumonia since the Hungarian economy is heavily dependent on German economy. The vast majority of economists agree that the global economic crisis of 2008 has finally ended by our time. Today it is an undeniable fact that the global crisis has left its traces on eastern and western economies for decades. The present study aims to assess the impact and the measures of difference of the impact caused by the crisis on the economies of developed and less developed nations such as Germany and Hungary analysing macro economic data using statistical methods.

Suggested Citation

  • Ágnes Csiszárik-Kocsir & András Medve, 2015. "Germany Sneezes, Hungary Catches a Flu – Is it True?," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2015),, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:meb015:351-366
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    File URL: http://kgk.uni-obuda.hu/sites/default/files/26_Csiszarik.pdf
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    References listed on IDEAS

    as
    1. Szigeti, Cecília, 2015. "Az Ökolábnyom És Egyéb Fenntarthatósági Indikátorok Mérési Tartományának Értelmezése," Journal of Central European Green Innovation, Karoly Robert University College, vol. 3(1), pages 1-19.
    2. Dr. Csiszárik-Kocsir Ágnes & Dr. Medve András, 2012. "Életünk mindennapjai a válság után – avagy a válság hatásainak személyes észlelése kutatási adatok alapján," Tanulmánykötet - Vállalkozásfejlesztés a XXI. században II.,, Óbuda University, Keleti Faculty of Business and Management.
    3. Szigeti, Cecília, 2013. "Ökológiai Lábnyom Mutató Időbeli És Térbeli Elemzése," Journal of Central European Green Innovation, Karoly Robert University College, vol. 1(2), pages 1-18.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Hungary; Germany; GDP; GNI; GNDI; correlation;
    All these keywords.

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