Synopses & Reviews
The most up-to-date assessment of the contemporary Hungarian economy.
Review
"...the most comprehensive and thorough account of the Hungarian economic reform processes of the 1990s..." Paul Hare, Slavic Review
Table of Contents
Preface: the hidden Hungarian miracle LászlóHalpern and Charles Wyplosz; Part I. Macroeconomic Policy: 1.1. Fiscal difficulties in the transition: the case of Hungary between 1990 and 1995 Pal Gaspar; Discussion David Begg; 1.2. The interest rate transmission mechanism in Hungary, 1991-1995 Balazas Vilagi and Janos Vincze; Discussion Giancarlo Perasso; 1.3. The nature of Hungarian inflation Istvan Hamecz, Janos Vincze and Istvan Zsoldos; Discussion Ratna Sahay; 1.4. The hidden economies of Visegrad countries in international comparison: a household electricity approach Mario Lacko; Discussion Michael A. Landesmann; Part II. Industrial Structure: 2.1. Corporate governance in the transition - the case of Hungary: do new structures help create efficient ownership control Adam Torak: 2.2. Corporate performance in the transition: econometric analysis of Hungarian exporting firms, 1985-1994 LászlóHalpern and Gabor Korsi; Discussion Jan Svejnar; 2.3. Hungary's Ponzi game LászlóSzakadat; Discussion Jerome Sgard; Part III. Labour Markets: The Minimum Wage in Hungary: Subsistence minimum and/or bargaining tool? Jeno Koltay; Discussion George Kopits; 3.2. Welfare institutions and the transition: in search of efficiency and equity Ivan Csaba and Andras Semjen; Discussion Christine H. Allison; Regional unemployment rate differentials in Hungary, 1990-1995: the changing role of human capital Arpad Abraham and Gabor Kertesi; Appendix 1: The determinants of individual chances of unemployment (logit estimation); Appendix 2: Relationship between the Gypsy ratio and the migration balance Michael Burda.