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  1. 1 Kozgazdasagi Szemle (Economic Review)

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  1. 1 Karsai G.

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  1. 1 2006

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Cycles and trends in the Hungarian economy, 1990-2005

100%
Karsai G.
Kozgazdasagi Szemle (Economic Review)
|
2006
|
vol. 53
|
issue 6
509-525
EN
The two main contentions in the article are that a kind of creative destruction has been occurring in the Hungarian economy since the change of system, but that the trend is cyclic, not continuous. The trend encompasses a radical transformation of the market, production and ownership structures. The cyclicity - periodic acceleration and deceleration of various economic and privatization processes - derives partly from world economic processes such as external demand and international capital flows, and partly from domestic causes.
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