IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/46873.html

Large-Scale Transformation of Socio-Economic Institutions – Comparative Case Studies on CEECs. Background Paper 2: Comparative Country Study Hungary. WWWforEurope Working Paper No. 18

Author

Listed:
  • Ágnes Orosz

    (Institute of World Economics of the Research Centre for Economic and Regional Studies of the Hungarian Academy of Sciences)

Abstract

The Varieties-of-Capitalism literature on generating indicators on the economic systems actually implemented mostly concentrates on the enterprise (or micro) level in traditional OECD countries, categorising countries between the extremes: liberal market economies and controlled market economies. It largely neglects the role of the government spending, the transition of former socialist countries and developing countries, and the political process behind the choice of an economic system. We broaden the perspective by combining the Varieties-of-Capitalism with the Worlds-of-Welfare-States literature in order to provide a comprehensive view on government activities in transition.

Suggested Citation

  • Ágnes Orosz, 2013. "Large-Scale Transformation of Socio-Economic Institutions – Comparative Case Studies on CEECs. Background Paper 2: Comparative Country Study Hungary. WWWforEurope Working Paper No. 18," WIFO Studies, WIFO, number 46873, June.
    • Handle: RePEc:wfo:wstudy:46873
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/46873
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2011. "Hungary: Staff Report for the 2010 Article IV Consultation and Proposal for Post-Program Monitoring," IMF Staff Country Reports 2011/035, International Monetary Fund.
    2. Balázs Egert, 2012. "The impact of changes in second pension pillars on public finances in Central and Eastern Europe," Working Papers hal-04141069, HAL.
    3. Làszlò Csaba, 2009. "Hungary: The Janus-faced Success Story," WIDER Working Paper Series RP2009-13, World Institute for Development Economic Research (UNU-WIDER).
    4. Ágnes Horváth & Zoltán M. Jakab & Gábor P. Kiss & Balázs Párkányi, 2006. "Myths and Maths: Macroeconomic Effects of Fiscal Adjustments in Hungary," MNB Occasional Papers 2006/52, Magyar Nemzeti Bank (Central Bank of Hungary).
    5. Kornai, Janos, 1997. "Editorial: Reforming the welfare state in postsocialist societies," World Development, Elsevier, vol. 25(8), pages 1183-1186, August.
    6. László Csaba, 1995. "The Capitalist Revolution In Eastern Europe," Books, Edward Elgar Publishing, number 117, August.
    7. Blejer, Mario I. & Sagari, Silvia B., 1991. "Hungary : financial sector reform in a socialist economy," Policy Research Working Paper Series 595, The World Bank.
    8. Ben S. Bernanke & Michael Woodford, 2004. "The Inflation-Targeting Debate," NBER Books, National Bureau of Economic Research, Inc, number bern04-1, September.
    9. International Monetary Fund, 1997. "Hungary: Statistical Appendix," IMF Staff Country Reports 1997/104, International Monetary Fund.
    10. Jiri Jonas & Frederic S. Mishkin, 2004. "Inflation Targeting in Transition Economies Experience and Prospects," NBER Chapters, in: The Inflation-Targeting Debate, pages 353-413, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller-Altzinger & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247, October.

    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. John Marangos, 2005. "A Political Economy Approach to the Neoclassical Gradualist Model of Transition," Journal of Economic Surveys, Wiley Blackwell, vol. 19(2), pages 263-293, April.
    2. Vašíček, Bořek, 2012. "Is monetary policy in the new EU member states asymmetric?," Economic Systems, Elsevier, vol. 36(2), pages 235-263.
    3. Rainer Schweickert & Markus Ahlborn & Karol Frank & Ivana Sikulová & Ágnes Orosz & Miklós Szanyi, 2013. "Large-Scale Transformation of Socio-Economic Institutions – Comparative Case Studies on CEECs (Interim Report). WWWforEurope Working Paper No. 16," WIFO Studies, WIFO, number 46871, October.
    4. Hiranya Nath & Kiril Tochkov, 2013. "Relative inflation dynamics in the new EU member countries of Central and Eastern Europe," Empirical Economics, Springer, vol. 45(1), pages 1-22, August.
    5. Kiss, Gábor Dávid & Kovács, György & Varga, János Zoltán, 2016. "Várakozások és a monetáris politika - különös tekintettel a magyarországi gyakorlatra [Expectations and monetary policy, with special attention to practice in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1192-1216.
    6. Dąbrowski, Marek A. & Wróblewska, Justyna, 2016. "Exchange rate as a shock absorber in Poland and Slovakia: Evidence from Bayesian SVAR models with common serial correlation," Economic Modelling, Elsevier, vol. 58(C), pages 249-262.
    7. Dąbrowski, Marek A. & Wróblewska, Justyna, 2015. "Exchange rate as a shock absorber or a shock propagator in Poland and Slovakia - an approach based on Bayesian SVAR models with common serial correlation," MPRA Paper 61441, University Library of Munich, Germany.
    8. Hanson Michael S. & Kapinos Pavel S., 2008. "Endogenous Persistence and the Performance of Inertial Targeting Rules," The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-31, March.
    9. Oliver Hülsewig & Eric Mayer & Timo Wollmershäuser, 2006. "Bank Behavior and the Cost Channel of Monetary Transmission," CESifo Working Paper Series 1813, CESifo.
    10. J. Scott Davis, 2012. "The effect of commodity price shocks on underlying inflation: the role of central bank credibility," Globalization Institute Working Papers 134, Federal Reserve Bank of Dallas.
    11. repec:mbr:jmonec:v:6:y:2012:i:4:p:61-88 is not listed on IDEAS
    12. Rose, Andrew K. & Mihov, Ilian, 2008. "Is Old Money Better than New? Duration and Monetary Regimes," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-24.
    13. Marc P. Giannoni & Jean Boivin, 2005. "DSGE Models in a Data-Rich Environment," Computing in Economics and Finance 2005 431, Society for Computational Economics.
    14. Casares, Miguel, 2006. "Time-to-build, monetary shocks, and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 53(6), pages 1161-1176, September.
    15. Marc P. Giannoni, 2019. "Comment on "Optimal Inflation and the Identification of the Phillips Curve"," NBER Chapters, in: NBER Macroeconomics Annual 2019, volume 34, pages 256-266, National Bureau of Economic Research, Inc.
    16. Teodoras Medaiskis & Tadas Gudaitis & Jaroslav Mečkovski, 2018. "Second pension pillar participants' behaviour: the Lithuanian case," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 620-635, December.
    17. René TAPSOBA & Alexandru MINEA & Jean-Louis COMBES, 2012. "Inflation Targeting and Fiscal Rules: Do Interactions and Sequence of Adoption Matter?," Working Papers 201223, CERDI.
    18. repec:upd:utppwp:061 is not listed on IDEAS
    19. Carrera, César, 2012. "La comunicación del objetivo inflacionario de los bancos centrales. Una revisión de casos," Revista Moneda, Banco Central de Reserva del Perú, issue 150, pages 16-19.
    20. Urrutia, Miguel & Hofstetter, Marc & Hamann, Franz, 2014. "Inflation Targeting in Colombia, 2002-2012," IDB Publications (Working Papers) 6394, Inter-American Development Bank.
    21. Posch, Olaf, 2018. "Resurrecting the New-Keynesian Model: (Un)conventional Policy and the Taylor rule," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181616, Verein für Socialpolitik / German Economic Association.
    22. Fratzscher, Marcel & Grosse-Steffen, Christoph & Rieth, Malte, 2020. "Inflation targeting as a shock absorber," Journal of International Economics, Elsevier, vol. 123(C).

    More about this item

    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:wfo:wstudy:46873. 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: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.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.