logo

Tag

economic growth

Fiscal Consolidation in a Leaderless Global Economy

Kovács, O. (2013): Fiscal Consolidation in a Leaderless Global Economy. News of the Month, ICEG European Center, April 2013 pp. 4-9. The issue whether the austerity-driven crisis management can be regarded as an instructive way forward or not has been long discussed without reaching a broad consensus. Albeit there is a common view over the fact that injected and coordinated fiscal and monetary stimulus did nothing bu
Read More

Innovation’s Inherent “Malady”

By the end of January 2013, Hungary will have its new National Research and Development and Innovation Strategy 2020. Fostering all types of innovation (i.e. product and services innovation, process-, marketing-, and organisational novelties) both in the private and public sectors are of paramount importance in nurturing resilience necessary to our complex socio-economic system facing constant changes and challenges
Read More

Innovative Fiscal Policy in the Context of Sustainability

Kovács, O. (2011): Innovative Fiscal Policy in the Context of Sustainability. In: Hanna, L. – Vehmas, J. (2011): Trends and Future of Sustainable Development Conference Proceedings. Proceedings of the Conference “Trends and Future of Sustainable Development” 9-10 June 2011, Tampere, Finland. pp. 274-286 Our article addresses the question of what kind of fiscal policy could properly contribute to the requirements of f
Read More

Hysteresis in Poland’s Economic Growth?

Kovács, O. (2009): Hysteresis in Poland’s Economic Growth? News of the Month, ICEG European Center, October 2009 pp. 4-8. This study addresses the issue of whether the Polish-miracle, a unique positive growth rate during the recession of 2009, gives us a misleading feeling of comfort or it is a well-based and sustainable path of the Polish development. While we have been trying to call the attention to a very interes
Read More

The Gathering Storm over Bulgaria?

Kovács, O. (2009): Bulgaria – The Gathering Storm? News of the Month, ICEG European Center, October 2009 pp. 13-16. According to the classical empirical results, huge current account deficits are an explicit sign of an imminent currency crisis. The Bulgarian substantial current account deficit is well documented, therefore it is a puzzling question why the currency crisis did not take a place until nowadays. The aim
Read More