Divergence in the Socioeconomic Development Paths of Hungary and Slovakia

Zoltán Bartha and Klára Tóthné Szita

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to provide a comparative analysis of socioeconomic development in Slovakia and Hungary. For this purpose, we use the State of the Future Index (SOFI) to measure and forecast the socioeconomic well-being of both the countries from 1995 to 2015. The SOFI methodology has many characteristics that are in line with the 2009 Stiglitz-Sen-Fitoussi report. We find that during 1995–1999, Slovakia had a higher overall SOFI total, signifying a higher level of well-being; subsequently, however, Hungary pulled ahead between 1999 and 2005, after which Slovakia overtook Hungary yet again. Our predictions suggest that Slovakia will continue to pull ahead in the 2015–2025 period. The areas where Hungary has scope for considerable improvement are life expectancy, GDP per capita, renewable energy resources and CO2 emission and government debt. In some areas, both countries perform poorly: level of corruption and demographic trend. However, Hungary seems to have an advantage in R&D expenditure, unemployment level and voter turnout.

Keywords: development path; Hungary; State of the Future Index; Slovakia (search for similar items in EconPapers)
JEL-codes: E01 O11 O57 (search for similar items in EconPapers)
Date: 2015-12-31
New Economics Papers: this item is included in nep-env, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Regional Statistics 2.5(2015): pp. 125-143

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/70833/3/MPRA_paper_70833.pdf original version (application/pdf)

Related works:
Working Paper: Divergence in the Socioeconomic Development Paths of Hungary and Slovakia (2016)
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:pra:mprapa:70833

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().