IDEAS home Printed from https://ideas.repec.org/a/pmu/oecono/v1y2023p69-82.html

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://oeconomica.umfst.ro/images/oeco2023/6_siposne_zsido_2023_eng_final.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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. 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.
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    2. Pierre Nziengui Mamboundou & Luis Enrique Escalante Ochoa & Oluwasola Emmanuel Omoju, 2025. "Assessing global price shocks and mitigation policies on welfare and food security in Nigeria," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 17(1), pages 275-292, February.
    3. Kiendrebeogo, Youssouf & Assimaidou, Kossi & Tall, Abdoulaye, 2017. "Social protection for poverty reduction in times of crisis," Journal of Policy Modeling, Elsevier, vol. 39(6), pages 1163-1183.
    4. Jean Pierre Sabourin & Thomas M. Hoenig & Jonathan L. Fiechter & Michael J. Zamorski & Karl Frederick Rauscher & Didier Verstichel & Dr. Zeti Akhtar Aziz, 2016. "SEACEN Financial Stability Journal Volume 6 2016," SEACEN Financial Stability Journal, South East Asian Central Banks (SEACEN) Research and Training Centre, number sfv6.
    5. Karl Aiginger & Alois Guger, 2014. "Stylized Facts on the Interaction between Income Distribution and the Great Recession," Research in Applied Economics, Macrothink Institute, vol. 6(3), pages 157-178, September.
    6. Thomas Roca & Hélène Ferrer, 2016. "Resilience to crisis through social protection: Can we build the case?," WIDER Working Paper Series 096, World Institute for Development Economic Research (UNU-WIDER).
    7. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    8. Jürgen Faik, 2012. "Income inequality and poverty in front of and during the economic crisis - An empirical investigation for Germany 2002-2010," Working Papers 255, ECINEQ, Society for the Study of Economic Inequality.
    9. Ajwad, Mohamed Ihsan & Haimovich, Francisco & Azam, Mehtabul, 2012. "Simulating the impact of the 2009 financial crisis on welfare in Latvia," Policy Research Working Paper Series 5960, The World Bank.
    10. Karl Aiginger, 2016. "Political Rebound Effects as Stumbling Blocks for Socio-ecological Transition," WIFO Working Papers 519, WIFO.
    11. KAYA Halil Dincer, 2018. "The Global Crisis And Poverty," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(3), pages 63-73, December.
    12. Thomas Roca & Hélène Ferrer, 2016. "Resilience to crisis through social protection: Can we build the case?," WIDER Working Paper Series wp-2016-96, World Institute for Development Economic Research (UNU-WIDER).
    13. repec:pra:mprapa:99376 is not listed on IDEAS
    14. Sèna Kimm Gnangnon, 2021. "Exchange rate pressure, fiscal redistribution and poverty in developing countries," Economic Change and Restructuring, Springer, vol. 54(4), pages 1173-1203, November.
    15. Woo, Jaejoon, 2023. "Financial crises and inequality: New evidence from a panel of 17 advanced economies," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    16. Dang, Hai-Anh H. & Oseni, Gbemisola & Abanokova, Kseniya, 2025. "Educational inequalities during COVID-19: Results from longitudinal surveys in Sub-Saharan Africa," International Journal of Educational Development, Elsevier, vol. 112(C).
    17. Hammond, James & Siegal, Kim & Milner, Daniel & Elimu, Emmanuel & Vail, Taylor & Cathala, Paul & Gatera, Arsene & Karim, Azfar & Lee, Ja-Eun & Douxchamps, Sabine & Tu, Mai Thanh & Ouma, Emily & Lukuyu, 2022. "Perceived effects of COVID-19 restrictions on smallholder farmers: Evidence from seven lower- and middle-income countries," Agricultural Systems, Elsevier, vol. 198(C).
    18. Hai-Anh H. Dang & Cuong Viet Nguyen, 2024. "Agricultural Production as a Coping Strategy during the Covid-19 Pandemic? Evidence from Rural Viet Nam," Working Papers DP-2023-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    19. Schaffartzik, Anke & Duro, Juan Antonio, 2025. "Rising inequality: A material perspective on the Great Recession in the European Union," Ecological Economics, Elsevier, vol. 227(C).
    20. Brotherhood, Luiz & Cavalcanti, Tiago & Da Mata, Daniel & Santos, Cezar, 2022. "Slums and pandemics," Journal of Development Economics, Elsevier, vol. 157(C).
    21. José Antonio Rodriguez Martin & Juan Dios Jiménez Aguilera & José María Martín Martín & José Antonio Salinas Fernández, 2018. "Crisis in the Horn of Africa: Measurement of Progress Towards Millennium Development Goals," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(2), pages 499-514, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pmu:oecono:v:1:y:2023:p:69-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ion Cozac (email available below). General contact details of provider: https://edirc.repec.org/data/feuttro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.