Relationship of structural change and competitiveness in Hungarian manufacturing 1998-2003

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

No 170, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

Abstract: Structural change is at the heart of economic modernization. For catching up of an economy can be interpreted as the result of exceptionally quick growth in certain more modern branches, meanwhile other activities’ economic role should decline. Structural change has long been regarded as a primary source of economic growth, but it became ever more important in the context of development economics and most currently in relationship with transition economies. Yet, this paper tries to elabourate the various avenues how structural change could contribute to catching up of Hungarian manufacturing industries. The paper concentrates on statistical analysis trying to establish linkages between a set of structural change indicators and another set of economic performance indicators. This exercise verifies the modernization role of structural change: branches with high and increasing value added and productivity gained weight. Attempts were also made to relate the research findings to some existing strings of economic literature. Thus, the paper provides a shift-share analysis of productivity growth. Despite of methodological difficulties and data reliability problems this paper could verify the logic of structural change which is heading towards branches with higher levels of value added. However, no convincing evidence was found that the fast growing branches and activities were the most profitable or most productive ones.

Keywords: Hungary; manufacturing; relationship; ctructural change; competitiveness; productivity (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006-08
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