Hungary's Transition to the Market: The Case against a 'Big-Bang'

Hare, Paul; Revesz, Tamas; Aven, Petr; Oblath, Gábor; Sinn, Hans‐Werner

doi:10.2307/1344516

Cited by 24 publications

(8 citation statements)

References 7 publications

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“…Many enterprises have managed to survive in the transition process; however, there was a possibility of them facing liquidity issues in new economic relations. On the other hand, some enterprises have been unable to engage in market competition, but have still survived the transition due to substantial subsidies they received from the state in the past (Hare, et al, 1992).…”

Section: The Economic System During and After The Transition Processmentioning

confidence: 99%

The impact of transition on agriculture and rural areas in Hungary

Jazić

Jončić

2017

Ekon Polj

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Section: The Economic System During and After The Transition Processmentioning

confidence: 99%

The impact of transition on agriculture and rural areas in Hungary

Jazić

Jončić

2017

Ekon Polj

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“…On the one hand, proponents of a gradual approach claim that a severe output collapse can be avoided if reform policy measures are not too tight. 19 A step-by-step elimination of subsidies to state firms, or a gradual removal of trade barriers, for instance, leaves enterprises an extended time to adjust to the new economic environment. Consequently, gradualism is said to lead to less sharp output deterioration and moderate initial unemployment.…”

Section: Gradualism Vs Shock Therapymentioning

confidence: 99%

Explaining economic performance during transition: What do we know?

Pitlik

2000

Intereconomics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may

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“…Naturally, different countries, depending on their precise initial conditions and the quality of their initial post-communist leadership, followed quite diverse paths of reform, with varying success. There was extensive debate both about the pace of reform and about the most appropriate reform sequencing (Portes 1991;Hare -R ev esz 1992;Dewatripont -Roland 1995;Gros -Steinherr 2004;Turley -Luke 2011). These papers argued for gradual reforms and against a 'Big Bang' approach.…”

Section: Introductionmentioning

confidence: 99%

State-building for the market economy in Eastern Europe

Hare

2020

AOecon

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Kornai's earlier works embodied the idea that state institutions formed a system with a strong tendency to reproduce itself, and hence to resist minor reforms. Thus, at the end of socialism, huge changes were needed in politics, economics, and the law to build a new system oriented towards the market-type economy, which would again be stable, self-reinforcing and self-sustaining. Transition promoted the development of new states in Eastern Europe that conformed to the Copenhagen criteria for the EU accession. Were we too hasty in thinking that we had succeeded? The new systems are not returning to the previous one, and only in a few areas have the basic norms of a market-type economy been set aside in Hungary or Poland. But concerns arise at the interface between politics, law and economics – to do with the rule of law, the nature and role of the state, and the interactions between parliament, the executive and the judiciary. Unavoidably, there is also an interesting international dimension here, represented by the shift from the Warsaw Pact and CMEA to NATO and the EU. This paper explores these issues in the light of some of Kornai's recent analysis of developments in Hungary, while also drawing on his very insightful earlier works.

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Hungary's Transition to the Market: The Case against a 'Big-Bang'

Cited by 24 publications

References 7 publications

The impact of transition on agriculture and rural areas in Hungary

The impact of transition on agriculture and rural areas in Hungary

Explaining economic performance during transition: What do we know?

State-building for the market economy in Eastern Europe

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