Same old story: Hungary's development over the 2000-2020 period

Zoltán Bartha

Theory Methodology Practice (TMP), 2022, vol. 18, issue 01, 37-43

Abstract: Hungary’s convergence to the developed western economies has been much slower than initially expected. Applying the FOI model, this study investigates whether there were any changes in the convergence process during the first two decades of the 21st century. It is found that the future potential (influencing the long-term competitiveness of the economy) and inside potential (determining the current well-being of the country) of the Hungarian economy did not improve at all compared to the 34 countries that were OECD members in 2010. Hungary’s position is in fact very poor; it is ranked 33rd in both areas. The country does somewhat better in the outside potential (characterising its world market position), prompting the conclusion that Hungary follows a growth model that is focused on external resources. This feature is not new, however: the same development model patterns were detected in 2010, too.

Keywords: development path; economic convergence; Hungary; institutions; OECD (search for similar items in EconPapers)
JEL-codes: F63 O11 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://tmp.gtk.uni-miskolc.hu/volumes/2022/01/TMP_2022_01_3_k.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mic:tmpjrn:v:18:y:2022:i:01:p:37-43

Access Statistics for this article

Theory Methodology Practice (TMP) is currently edited by Zoltan Bartha

More articles in Theory Methodology Practice (TMP) from Faculty of Economics, University of Miskolc Contact information at EDIRC.
Bibliographic data for series maintained by ().