IS THERE ANY WAY OUT? HOW A PREMATURE WELFARE STATE FEEDS ON THE FACTORS CONDUCIVE TO ECONOMIC GROWTH (Van-e visszaut? A gazdasagi novekedes tenyezoit felemeszto koraszulott joleti allam)

• Authors: Csillag Istvan
• Languages of publication: HU

Abstracts

EN

The article identifies as the cause of the slowing of economic growth in Hungary on the 'premature welfare state' and its propensity to diminish the factors conducive to economic growth (labour supply, investment, savings, and increase in productivity). It shows how the conditions for economic growth are undermined by an extensive welfare system substituting for labour-market incomes, state care that stands in for personal savings, and high taxes (progressive income tax parallel with social security contributions). Also following from this overgrown welfare state is the fluctuation of domestic economic policy.

Keywords

EN

'PREMATURE WELFARE STATE' (HUNGARY); DOMESTIC ECONOMIC POLICY FLUCTUATIONS; ECONOMIC GROWTH - NEGATIVE FACTORS; WELFARE AND POVERTY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2009
• Volume: 56
• Issue: 7/8
• Pages: 648-672
• Document type: ARTICLE

Contributors

author

Csillag Istvan

• Istvan Csillag, no address given, contact the journal editor

Identifiers

CEJSH db identifier

10HUAAAA078812