Germany Sneezes, Hungary Catches a Flu – Is it True?

Agnes Csiszarik-Kocsir and András Medve ()
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András Medve: Óbuda University

from Óbuda University, Keleti Faculty of Business and Management

Abstract: „When Germany sneezes, Europe catches a cold” – and this statement can often be heard. If Europe catches the cold it can be obvious that a small but still open to the world country being dependent on external demand, a country like Hungary inevitably gets pneumonia since the Hungarian economy is heavily dependent on German economy. The vast majority of economists agree that the global economic crisis of 2008 has finally ended by our time. Today it is an undeniable fact that the global crisis has left its traces on eastern and western economies for decades. The present study aims to assess the impact and the measures of difference of the impact caused by the crisis on the economies of developed and less developed nations such as Germany and Hungary analysing macro economic data using statistical methods.

Keywords: Hungary; Germany; GDP; GNI; GNDI; correlation (search for similar items in EconPapers)
Date: 2015
ISBN: 9786155460470
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Persistent link: https://EconPapers.repec.org/RePEc:pkk:meb015:351-366

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