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An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
This paper shows that a Nash equilibrium consisting of strategies of choosing a Pareto inefficient transition path is selected by households even without frictions as a result of the revealed government failure in supervision of financial markets. The Pareto inefficiency causes the generation of...
Persistent link: https://www.econbiz.de/10008533689
Hungary from the point of view of science and technology (S&T) policy by pulling together some recent theoretical developments … central planning in Hungary. Recent changes in the science and technology system are analysed in section 4, and policy …
Persistent link: https://www.econbiz.de/10011251888
Macroeconomic imbalances have been particularly pressing since 2006 in Hungary. The global economic and financial … conditions are not favourable for long-term and high-risk activities, such as RTDI. Only one fifth of firms operating in Hungary …
Persistent link: https://www.econbiz.de/10011260734
Hungary’s accession to the EU. A tentative taxonomy has also been developed, and applied when discussing the prospects for …
Persistent link: https://www.econbiz.de/10011260768
Romania’s management consultancy market developed significantly in recent years. In order to assess this development, it has to be taken into account the fact that there are strong influence factors, of both national and international origin. Romania’s accession to the European Union is...
Persistent link: https://www.econbiz.de/10008497679
The paper presents evidence on the effects of taxes and benefits on household incomes in Hungary referring to the 2006 …
Persistent link: https://www.econbiz.de/10005621435
The political and economic transition posed a complex, tremendous challenge in Hungary in the beginning of the 1990s … the longer run. Having completed the first round of transition, Hungary has again reached a cross-roads. While the one … private ownership, the world has significantly changed during this historically short period of time. Hungary now has to …
Persistent link: https://www.econbiz.de/10011144080
flat rate income tax could be observed in Hungary. Personal income tax data provided by the Hungarian National Tax and …
Persistent link: https://www.econbiz.de/10011157024
The aim of this paper is to identify the knowledge elements that are crucial in the internationalisation process of Hungarian firms. It uses a two-dimensional model of business knowledge, which separates business knowledge along two dimensions: the tacit or explicit nature; and the codified or...
Persistent link: https://www.econbiz.de/10011107813