Structural funds are the most intensively used policy instrument by the European Union to promote economic growth in its member states and to speed up the process of convergence. This paper empirically explores the effectiveness of European Structural Funds by means of a panel data analysis for...

Magyarország 20 éve, 2004 óta az Európai Unió tagja. Az elmúlt húsz évben az ország gazdasági fejlettsége számottevően közeledett az EU27 átlagához, ugyanakkor az unió keleti kibővítés keretében csatlakozott országok (peer országok) többségéhez képest romlott a...

In the last decade the ownership structure of Australia's life insurance industry has undergone a fundamental change. Traditionally, the sector had been dominated by a group of large mutual associations which had historically been the market leaders. In the space of less than a decade, this form...

We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...

Further gradual import liberalization in Hungary necessitates a comprehensive strategy in which there is a role to play for regulation of foreign trade as well as for financial, price and industrial policy. It is to be reassessed what conditions are required for first a partial, then a gradually...

The proposal of KOPINT—DATORG has a special role among concepts on import liberalization in Hungary, primarily due to its comprehensive approach. The concept, having received limited publicity so far, extensively utilizes the liberalization experiences of developing countries. It lays special...

The transformation of the Indonesian economy and building the basis of incomparably fast development started at the end of 60-ies. Moderate professional macro-level regulation, slow and gradual setup of market environment as well as an effective use of foreign support and advices were all...

Indicators of economic development of South Korea reflect outstanding progress. In the past three decades different phases of development succeeded one after another. The essence of general Park Chong Chu’s strategy was export-directed industrialization and import substitution with high import...

Statistical data display a high level of sectorial and geographical concentration in the exports of three Central European new member states of the European Union: the Czech Republic, Hungary and Slovakia. All the three export huge quantities of the products of certain sectors of engineering...

This paper combines some of the most realistic components of the competitive and strategic trade literature to examine both socially and individually optimal domestic input policies in free trade areas (FTAs). When asymmetries in the number of firms, in the number of consumers, or in production...