In this paper, the authors study the changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. They also study how automation of routing decisions and trading fees affect the...

Local food and short food supply chains are in the centre of attention among consumers, NGOs as well as policy makers. These systems have long tradition the US and Western Europe; they have been spreading in Hungary, too. The main purpose of this study is to review the international literature on...

In this paper we investigate the relationship between sustainability and economic growth starting from Stern (2006) which is the first comprehensive analysis of the global warming from economic point of view. We also discuss the critical debate of this study which was focused mainly on the...

Local food and short food supply chains are in the centre of attention among consumers, NGOs as well as policy makers. These systems have long tradition the US and Western Europe; they have been spreading in Hungary, too. The main purpose of this study is to review the international literature on...

In this paper we investigate the relationship between sustainability and economic growth starting from Stern (2006) which is the first comprehensive analysis of the global warming from economic point of view. We also discuss the critical debate of this study which was focused mainly on the...

In our paper entitled Tendencies of the Trade Concentration” published in 2005 we analysed the global tendencies of the concentration as well as the trade of the European Union and the United States. In our present paper we analyse the concentration of the Hungarian trade, its fields of action...

Az UNIDO nemzetközi fejlesztési szervezet szerint az eladó-vevõi kapcsolatok jellemzõen két okból bomlanak fel: 1) az eladó (termelõ) nem kellõen informált a vásárló igényeirõl, 2) az eladó (termelõ) nem képes teljesíteni ezeket az igényeket. Ennek az elvnek megfelelõen a...

This paper presents the specificities of Hungarian foreign trading firms from different perspectives, like concentration, efficiency and sectoral structure. Hungarian trade is highly concentrated similarly to other countries. Trading firms are more efficient than their non-trading peers,...

Global Value Chains play an increasing role in production and export in modern economies. Being part of such global chains can fundamentally affect the performance of a firm, a country, or an industry. In this study, we analyze the production and export of intermediate products and capital goods...