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The Effects of Crises on the Living Standards in Romania and Hungary in the 21st Century – Similarities and Differences

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  • Nándori Eszter SIPOSNÉ

    (Universitatea din Miskolc, str. Egyetem 1,Miskolc, 3515, Ungaria)

  • Kinga Emese ZSIDÓ

    (Universitatea de Medicină, Farmacie, Științe și Tehnologie ”G.E. Palade” din Tg. Mureș, str. Gh. Marinescu nr. 38, Tg. Mureș, 540141, România)

Abstract

Our research focuses on the analysis of the effects of the crises of the last 20 years on the development of the standard of living in Romania and Hungary. In the research, we focus primarily on the economic crisis of 2008 and the economic and social shock caused by the COVID-19 pandemic. The study includes an overview of the economic and social situation of Romania and Hungary, the presentation of the concept of crisis, and the indicators that describe the standard of living (GDP per capita, the Gini coefficient, indicators of poverty and social exclusion and indicators that describe the development of the labor market). In our analysis, we examine and compare the evolution of indicators measuring the standard of living in Romania and Hungary during the crises.

Suggested Citation

  • Nándori Eszter SIPOSNÉ & Kinga Emese ZSIDÓ, 2023. "The Effects of Crises on the Living Standards in Romania and Hungary in the 21st Century – Similarities and Differences," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 69-82, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2023:p:69-82
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    References listed on IDEAS

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    1. George Petrakos & Konstantinos Rontos & Chara Vavoura & Ioannis Vavouras, 2023. "The Impact of Recent Economic Crises on Income Inequality and the Risk of Poverty in Greece," Economies, MDPI, vol. 11(6), pages 1-23, June.
    2. Noelia Somarriba Arechavala & Pilar Zarzosa Espina & Bernardo Pena Trapero, 2015. "The Economic Crisis and its Effects on the Quality of Life in the European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(2), pages 323-343, January.
    3. repec:cdl:econwp:qt95c6n64q is not listed on IDEAS
    4. Bilal Habib & Ambar Narayan & Sergio Olivieri & Carolina Sanchez, 2010. "The Impact of the Financial Crisis on Poverty and Income Distribution : Insights from Simulations in Selected Countries," World Bank Publications - Reports 10206, The World Bank Group.
    5. Habib, Bilal & Narayan, Ambar & Olivieri, Sergio & Sanchez, Carolina, 2010. "The Impact of the Financial Crisis on Poverty and Income Distribution: Insights from Simulations in Selected Countries," World Bank - Economic Premise, The World Bank, issue 7, pages 1-4, March.
    6. Egger, Dennis & Miguel, Edward & Warren, Shana S. & Shenoy, Ashish & Collins, Elliott & Karlan, Dean & Parkerson, Doug & Mobarak, A. Mushfiq & Fink, Günther & Udry, Christopher & Walker, Michael & Hau, 2021. "Falling living standards during the COVID-19 crisis: Quantitative evidence from nine developing countries," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(6), pages 1-1.
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    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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