Showing 1 - 9 of 9
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government postponed euro-adoption until 2020 without any explanation, which is one of the motivations of our analysis. We review the arguments formulated in 2000-2004 regarding the adoption...
Persistent link: https://www.econbiz.de/10010494500
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government postponed euro-adoption until 2020 without any explanation, which is one of the motivations of our analysis. We review the arguments formulated in 2000-2004 regarding the adoption...
Persistent link: https://www.econbiz.de/10009521086
Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...
Persistent link: https://www.econbiz.de/10010494582
We revisit the debt overhang question. We first use non-parametric techniques to isolate a panel of countries on the downward sloping section of a debt Laffer curve. In particular, overhang countries are ones where a threshold level of debt is reached in sample, beyond which (initial) debt ends...
Persistent link: https://www.econbiz.de/10005707944
Over the last few years Hungary has posted large and increasing surpluses in its trade balance. The country has also become a net lender to the rest of the world, revealed by the surplus in the current and capital account of the balance of payments. These developments are mirrored by significant...
Persistent link: https://www.econbiz.de/10010359973
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...
Persistent link: https://www.econbiz.de/10005168755
In this paper, we perform an extensive Monte Carlo study of the finite sample properties of different estimators for panel data sample selection models. The estimators investigated are various two-step estimators and maximum likelihood estimators with simultaneous equations for the samle...
Persistent link: https://www.econbiz.de/10005652444
In this paper we use the Hungarian Central Statistical Office's Labour Force Survey to examine the rate of Hungarian inhabitants working abroad between 1999 and 2011. We also examine the characteristics of this group. A break in trend can be observed in the fourth quarter of 2009 in the rate of...
Persistent link: https://www.econbiz.de/10010494588
In this paper we use the Hungarian Central Statistical Office's Labour Force Survey to examine the rate of Hungarian inhabitants working abroad between 1999 and 2011. We also examine the characteristics of this group. A break in trend can be observed in the fourth quarter of 2009 in the rate of...
Persistent link: https://www.econbiz.de/10010239276