This paper examines economic challenges posed by the combination of an ageing and declining population in Hungary and develops policy-oriented recommendations for addressing them. The authors identify the scale and specific properties of the demographic problem in Hungary where the population...

This paper applies C. Ozol's surrogate wage function to Canadian input-output data to analyz e the general properties of technological change during the 1961-80 p eriod. Technological change manifests itself in the shifts of the est imated surrogate wage curves which indicate the changing...

This paper analyses the Hungarian public expenditure system and develops policy-oriented recommendations for its improvement. Despite substantial progress achieved in the management of public finances over the 1990s, the level of public expenditure and taxation relative to national income has...

This paper examines the validity of Marx's fundamental propositions in a nonantiquarian setting. Marx predicted three long-period tendencies of capitalist development of production technology towards (1) full automation, (2) destruction of the ecological base of the production system, and (3)...

This paper investigates the long-term effects of population ageing in a number of ECE emerging market economies. The latest revision of the UN World Population Prospects implies that all of the countries of Eastern Europe, Caucasus and Central Asia (EECCA) and South-Eastern Europe (SEE) will...

This paper investigates the educational attainment, labour market participation and living conditions of young Roma adults in Bulgaria, Hungary and Romania based on data from the generations and gender surveys and other sources of information. It shows that in spite of a small improvement in the...

As the recovery in high-income countries firms amid a gradual withdrawal of extraordinary monetary stimulus, developing countries can expect stronger demand for their exports as global trade regains momentum, but also rising interest rates and potentially weaker capital inflows. This paper...

This paper examines within an international context, the healthcare system in Hungary. While the system resembles in many of its broad features those of other OECD countries, Hungarians have the lowest life expectancy in the OECD and its rate of increase over the last 20 years has been much...

Since the early 1990s, when France's general government deficit reached a disturbing 6 per cent of GDP, the country's public finances have progressed substantially, even though significantly further improvement is required. This paper examines the tools available to policy-makers to meet this...