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A működőtőke hatása a bruttó nemzeti jövedelemre Magyarországon
[The effect of direct investment on Hungary s gross national income]

Author

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  • Balatoni, András

    ()

  • Pitz, Mónika

    ()

Abstract

Jelen tanulmány a külföldi működőtőke magyar gazdasághoz való hozzájárulását vizsgálja. A külföldi érdekeltségű vállalatok beruházásokból, foglalkoztatottságból, külkereskedelmi áruforgalomból, valamint GDP-ből való részesedésének számbevételén túl a tanulmány számszerűsíti a bruttó nemzeti jövedelemre (GNI) gyakorolt hatást, és összeveti azt az alternatív külső finanszírozási formák behelyettesítésével kapott eredményekkel. Bemutatja, hogy az elmúlt 15 évben mért átlagos 2,3 százalékos GDP-növekedésből 0,69-0,89 százalékos évi dinamika származott a külföldi működőtőke beáramlásából. Ugyanakkor a számítások azt is megmutatják, hogy a működőtőke implicit kamata meghaladta az alternatív finanszírozási forrásokét. A kettő erő eredője azonban pozitív hatást eredményez: amennyiben a külföldi működőtőkét hitellel vagy portfóliótőkével helyettesítettük volna, úgy a nemzeti jövedelem 6-14 százalékkal lett volna alacsonyabb 2009-ben. A működőtőke-beáramlásból származó előnyök emellett tovább növelhetők az abszorpciós kapacitás bővítésével, ami az emberi tőke rendelkezésre álló mennyiségének, a fizikai és pénzügyi infrastruktúrának, a makrogazdasági stabilitásnak, valamint az intézményrendszernek a függvénye. Journal of Economic Literature (JEL) kód: F20, F21, F43.

Suggested Citation

  • Balatoni, András & Pitz, Mónika, 2012. "A működőtőke hatása a bruttó nemzeti jövedelemre Magyarországon
    [The effect of direct investment on Hungary s gross national income]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-30.
  • Handle: RePEc:ksa:szemle:1284
    as

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    References listed on IDEAS

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    Cited by:

    1. Kengyel, Ákos, 2014. "Az európai uniós tagság mint modernizációs hajtóerő. Gondolatok a kelet-közép-európai országok EU-tagságának 10. évfordulóján
      [EU membership as a driving force of modernization. Ideas on the 10th a
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 493-508.
    2. Miguel Ramirez & Zsófia Kőműves, 2014. "Economic Infrastructure, Private Capital Formation, and FDI Inflows to Hungary: A Unit Root and Cointegration Analysis with Structural Breaks," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(4), pages 367-382, December.

    More about this item

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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