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Divergence in the Socioeconomic Development Paths of Hungary and Slovakia

Author

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  • Bartha, Zoltán
  • Tóthné Szita, Klára

Abstract

This study aims to provide a comparative analysis of socioeconomic development in Slovakia and Hungary. For this purpose, we use the State of the Future Index (SOFI) to measure and forecast the socioeconomic well-being of both the countries from 1995 to 2015. The SOFI methodology has many characteristics that are in line with the 2009 Stiglitz-Sen-Fitoussi report. We find that during 1995–1999, Slovakia had a higher overall SOFI total, signifying a higher level of well-being; subsequently, however, Hungary pulled ahead between 1999 and 2005, after which Slovakia overtook Hungary yet again. Our predictions suggest that Slovakia will continue to pull ahead in the 2015–2025 period. The areas where Hungary has scope for considerable improvement are life expectancy, GDP per capita, renewable energy resources and CO2 emission and government debt. In some areas, both countries perform poorly: level of corruption and demographic trend. However, Hungary seems to have an advantage in R&D expenditure, unemployment level and voter turnout.

Suggested Citation

  • Bartha, Zoltán & Tóthné Szita, Klára, 2015. "Divergence in the Socioeconomic Development Paths of Hungary and Slovakia," MPRA Paper 70833, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70833
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    References listed on IDEAS

    as
    1. Bartha, Zoltán & Tóthné Szita, Klára, 2015. "State of the Future Index Results: Hungary," MPRA Paper 65428, University Library of Munich, Germany, revised 11 Mar 2015.
    2. Ivana Sikulová & Karol Frank, 2013. "Large-Scale Transformation of Socio-Economic Institutions – Comparative Case Studies on CEECs. Background Paper 1: Comparative Country Study Slovakia. WWWforEurope Working Paper No. 17," WIFO Studies, WIFO, number 46872, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    development path; Hungary; State of the Future Index; Slovakia;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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