Evaluation of Economic Transformation in Hungary

• Authors: Libor Žídek
• Languages of publication: EN

Abstracts

EN

The paper analyses transformation process in Hungary between 1989 and 2004. The goal of this paper is to analyze and evaluate the transformation process in Hungary. The structure of the paper follows this general goal. First of all, an analysis of economic development of the country before the fall of the communist regime is carried out because this determined the whole process which followed. Then we shortly mention political development that had a significant impact on the transformation process and its results. In the next part we concentrate on the main steps in the economic transformation, and consequently we devote space to specific aspects - privatization, for example. The main economic indicators of this period are analyzed in the final part. We conclude that the transformation process achieved its main economic goal and the economy’s ability to grow increased. At the same time, however, the transformation process created environment for the subsequent economic problems.

Keywords

EN

Hungary; economic transformation; economic growth

• Publisher: Sciendo
• Journal: Review of Economic Perspectives
• Year: 2014
• Volume: 14
• Issue: 1
• Pages: 55-88

Dates

published

2014-03-01

online

2014-04-12

Contributors

author

Libor Žídek

• Department of Economics, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic

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Identifiers

DOI

10.2478/revecp-2014-0004