New Europe has never had it so good. Its income, quality of life and level of happiness have never been closer to that of the developed countries in Western Europe. With its per capita income at an all-time high and the quality of life almost indistinguishable from developed countries, the...

The empirical validation of the transaction cost concept proved to be a major intellectual endeavour that has yielded only partial success. Particular difficulties have been encountered in the measurement of such costs at the micro or macro level. The paper of Wallis and North (1986) is one...

The Hungarian NIS has gone through a significant transition process since the early 1990s. The expansion of business R&D, both in terms of total expenditures and the number business R&D units, indicates a stronger base relying on which innovation capabilities can be improved, albeit from a low...

The Hungarian NIS has gone through a significant transition process since the early 1990s. The expansion of business R&D, both in terms of total expenditures and the number business R&D units, indicates a stronger base relying on which innovation capabilities can be improved, albeit from a low...

Serbian. У овом одељку разматрају се опште карактеристике националне економије. У првом делу приказан је њен историјски развој, који је обухватио привреду у...

The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the...

The normative approach is a conspicuous feature of economic literature dealing with socialist planning. As against that, the authors follow a descriptive approach: they formulate rules about the behaviour of planners by examining the Hungarian medium-term plans and the annual plans of the past...

An economic model of how a Marxist state should work

Savings are a huge boon for the economy. This means both growth today and prospects for growth tomorrow. This is both an investment resource and a medicine for inflation. However, mistakes made in managing the savings by economic authorities, may turn everything upside down and then the savings...

This article takes into consideration the connection between the real estate prices and the purchasing-power parity of currencies in the countries of CIS. It is shown that the exceeding growth of dollar real estate prices in these countries was the part of the rising of dollar prices for all...