Covers trends in the 1980s and 1990s. Includes case studies of social and labour policies in eight companies.

This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...

Post-communist Europe provides a rich context to examine the role of governmental policies in entrepreneurial activity. While transitional economies shared similar experiences during their journey to a market economy, one is able to see differences in their approaches. This qualitative study...

János Kornai, a distinguished Hungarian economist, began his adult life as an ardent believer in socialism and then became a critic of the communist political and economic system. He lost family members in the Holocaust, contributed to the ideological preparation for the 1956 Hungarian...

One of the important neglected issues in discussions of East European transition to the market is the structure of the government's budget, especially the roles played by taxes and subsidies. This paper reviews the Hungarian fiscal situation in 1990, the most recent year for which reasonably...

The feasibility of systemic reforms may depend on their distributional consequences. The shift to a market economy can be expected to increase wage differentials and unemployment, which will have an adverse effect on income distribution. Income tax reform and the change in the system of consumer...

Purpose – The purpose of this paper is to examine whether the mandatory adoption of International Financial Reporting Standards (IFRS) has produced an impact on the level of noise trading and volatility dynamics in three major central and eastern European (CEE) markets....

Based on survey data on Bulgarian and Hungarian crop and dairy farms, a double-peaked distribution of technical efficiency is observed. Several factors explain differences in efficiency. Human capital matters not only through age and education, but also through gender as farms with a higher...

Post-communist Europe provides a rich context to examine the role of governmental policies in entrepreneurial activity. While transitional economies shared similar experiences during their journey to a market economy, one is able to see differences in their approaches. This qualitative study...