The Hungarian automotive industry

Miklos Somai ()
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Miklos Somai: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 131, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: Hungary received several major investments in the automotive industry in the first half of the 1990s, after decades in which the industry had been confined largely to making components. As a settling-down period had passed, further investment usually followed, for investors bought sites, of considerable size along with options on neighbouring sites and cost-benefit analysis showed clearly it was not economical to leave such sites unused. The best results have come in product quality, where Hungarian manufacturing figures are among the best in the world. Less successful has been the implantation of just-in-time systems. Despite improvements, punctuality measured in minutes is not yet characteristic in Hungary, so that relatively high stock levels are still required.

Keywords: Hungary; automotive industry; investments; cost-benefit analysis; product quality; stock level; punctuality (search for similar items in EconPapers)
Pages: 20 pages
Date: 2002-10
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:131

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