Gabor Hunya - Academia.edu (original) (raw)
Papers by Gabor Hunya
wiiw Research Reports, 2005
Relocation is a way of reducing costs, thus increasing competitiveness, by splitting production a... more Relocation is a way of reducing costs, thus increasing competitiveness, by splitting production and services between countries. The main argument kindling the relocation debate suggests that moving abroad generates job losses in the home country, while production and job gains appear only in the host country. However, positive effects are also present in the home country, due to increasing the overall competitiveness of the companies engaged in relocation, which allows the upgrading of products and jobs. Likewise, income repatriation is a financial gain for the home country, as it may generate further jobs. The aim of this paper is to shed some light on the size and the labour market effects of relocations in new EU member states (NMS), most notably in Hungary. The discussion starts with an overview of the definition and expected impacts of relocation. Then it moves to the evidence provided by data on FDI and FDI-related income flows. The issue of job creation and destruction is dis...
Post Communist Econ, 1989
... to Károly Grósz, the then Hungarian Prime Minister, at their meeting in Arad on 28 August 198... more ... to Károly Grósz, the then Hungarian Prime Minister, at their meeting in Arad on 28 August 1988. However, this by no means conforms to the findings of an external analyst. Later, Hungarian official policy also emphasised that the information supplied Page 4. 330 Gábor Hunya ...
Lessons from the Economic Transition: Central and …, 1997
... Austrian construction firms, banks and transport enterprises enlarged their international act... more ... Austrian construction firms, banks and transport enterprises enlarged their international activities this way to ... sector, ie majority foreign-owned companies, but minority foreign-owned enterprisesdo not differ ... at penetrating the local market with the aim of selling foreign goods was ...
and Lithuania, this paper argues that sound economic policies have created an environment conduci... more and Lithuania, this paper argues that sound economic policies have created an environment conducive for FDI. Overall, FDI has contributed to economic growth in the Baltic economies, having financed around one-fifth of fixed investment. However, their small size makes the Baltic countries relatively less attractive for market-seeking FDI in manufacturing. Moreover, at the outset of transition, their economies were dominated by relatively uncompetitive low-technology industries, which made them less interesting for manufacturing-based export-oriented FDI. Thus, FDI largely went to relatively low-technology sectors, such as wood processing and food, and it has not helped radically transform the structure of the manufacturing sector. A major part of FDI went into services, including banking and telecommunication, contributing to increasing efficiency in the whole economy.
Ekonomiaz Revista Vasca De Economia, 2004
Under favourable external conditions, the economies of the New EU Member States (NMS) fared even ... more Under favourable external conditions, the economies of the New EU Member States (NMS) fared even better in the first quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has registered strong gains, unit labour costs declined. This is one of the reasons for the highly successful expansion of foreign trade, the second being
Die Rekonstruktion Ostmitteleuropas, 1994
Region Et Developpement, 2003
ABSTRACT The differences in the transformation process have resulted in a diverging economic deve... more ABSTRACT The differences in the transformation process have resulted in a diverging economic development in Hungarian and Romanian regions while their contacts have intensified. The less developed part of a more developed country meets the more developed part of a lesser-developed country. A firm- survey carried out on the two sides of the border between Hungary and Romania shows that firms take advantage of the closeness of the other region, at least in terms of foreign trade. We find no evidence for the migration of the workforce from the lower-salary region toward the higher-salary one. The sample supports the hypothesis that Hungarians from the border region invest in the nearby Romanian region. Although the time of EU accession is far away compared to the time-horizon of firms, substantial changes can be foreseen for the time when Hungary becomes a member but not Romania. Hungary may lose its attractive- ness for Romanian firms as a bridgehead and easily accessible country.
Monographien, May 1, 1994
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
Wiiw Forecast Reports, Jul 1, 2012
Danube Law and Economics Review, 2011
wiiw Research Reports, 2005
Relocation is a way of reducing costs, thus increasing competitiveness, by splitting production a... more Relocation is a way of reducing costs, thus increasing competitiveness, by splitting production and services between countries. The main argument kindling the relocation debate suggests that moving abroad generates job losses in the home country, while production and job gains appear only in the host country. However, positive effects are also present in the home country, due to increasing the overall competitiveness of the companies engaged in relocation, which allows the upgrading of products and jobs. Likewise, income repatriation is a financial gain for the home country, as it may generate further jobs. The aim of this paper is to shed some light on the size and the labour market effects of relocations in new EU member states (NMS), most notably in Hungary. The discussion starts with an overview of the definition and expected impacts of relocation. Then it moves to the evidence provided by data on FDI and FDI-related income flows. The issue of job creation and destruction is dis...
Post Communist Econ, 1989
... to Károly Grósz, the then Hungarian Prime Minister, at their meeting in Arad on 28 August 198... more ... to Károly Grósz, the then Hungarian Prime Minister, at their meeting in Arad on 28 August 1988. However, this by no means conforms to the findings of an external analyst. Later, Hungarian official policy also emphasised that the information supplied Page 4. 330 Gábor Hunya ...
Lessons from the Economic Transition: Central and …, 1997
... Austrian construction firms, banks and transport enterprises enlarged their international act... more ... Austrian construction firms, banks and transport enterprises enlarged their international activities this way to ... sector, ie majority foreign-owned companies, but minority foreign-owned enterprisesdo not differ ... at penetrating the local market with the aim of selling foreign goods was ...
and Lithuania, this paper argues that sound economic policies have created an environment conduci... more and Lithuania, this paper argues that sound economic policies have created an environment conducive for FDI. Overall, FDI has contributed to economic growth in the Baltic economies, having financed around one-fifth of fixed investment. However, their small size makes the Baltic countries relatively less attractive for market-seeking FDI in manufacturing. Moreover, at the outset of transition, their economies were dominated by relatively uncompetitive low-technology industries, which made them less interesting for manufacturing-based export-oriented FDI. Thus, FDI largely went to relatively low-technology sectors, such as wood processing and food, and it has not helped radically transform the structure of the manufacturing sector. A major part of FDI went into services, including banking and telecommunication, contributing to increasing efficiency in the whole economy.
Ekonomiaz Revista Vasca De Economia, 2004
Under favourable external conditions, the economies of the New EU Member States (NMS) fared even ... more Under favourable external conditions, the economies of the New EU Member States (NMS) fared even better in the first quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has registered strong gains, unit labour costs declined. This is one of the reasons for the highly successful expansion of foreign trade, the second being
Die Rekonstruktion Ostmitteleuropas, 1994
Region Et Developpement, 2003
ABSTRACT The differences in the transformation process have resulted in a diverging economic deve... more ABSTRACT The differences in the transformation process have resulted in a diverging economic development in Hungarian and Romanian regions while their contacts have intensified. The less developed part of a more developed country meets the more developed part of a lesser-developed country. A firm- survey carried out on the two sides of the border between Hungary and Romania shows that firms take advantage of the closeness of the other region, at least in terms of foreign trade. We find no evidence for the migration of the workforce from the lower-salary region toward the higher-salary one. The sample supports the hypothesis that Hungarians from the border region invest in the nearby Romanian region. Although the time of EU accession is far away compared to the time-horizon of firms, substantial changes can be foreseen for the time when Hungary becomes a member but not Romania. Hungary may lose its attractive- ness for Romanian firms as a bridgehead and easily accessible country.
Monographien, May 1, 1994
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shif... more FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European CIS countries received more FDI than the NMS-10, which was mainly due to the continuing investment boom in Russia. In the NMS the stock of FDI is shifting from manufacturing to services, first of all to real estate and other business activities. The current account impact of FDI in connection with the investment development path is investigated in a special section. FDI inflows to the CEECs will face a setback in 2008. This expectation is confirmed by preliminary first-quarter data. Lower FDI flows to CEECs have to do with the global financial turbulence, the declining rate of economic growth in Europe and also with home-made problems and cyclical events in some of the countries. The analysis is followed by two sets of tables: Tables I contain total flow and stock data according to the respective countries' National Banks while Tables II provide more detailed FDI data by economic activities and by countries. The main source of data are the National Banks of the individual Central, East and Southeast European countries. FDI flows are taken from the balance of payments, stocks from the international investment position statistics.
Wiiw Forecast Reports, Jul 1, 2012
Danube Law and Economics Review, 2011