Abstract
In Hungary the external sector position plays the most important role in real growth and conjunctural fluctuation. Hungary’s external sector has traditionally been significant and the country has been coping with the problem of trade deficit because of the shortage of raw materials. During the transition period, the changes in the foreign sector were extensive. The response to the shocks of the external sector reached the highest level. The geographical structure and commodity structure changed considerably. Also the openness of the country nearly doubled in the aforementioned period. Changes in the openness of the economy’ demonstrate the integration process during the decade.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Katalin Antalóczy; Tendencies in the Hungarian Foreign Economy between 1995 and 1998 Külgazdaság, June 1999, in Hungarian
Eszter Bagó; The Impact of the Globalisation on the Statistics of Foreign Trade Turnover Statistical review, Periodical of the Hungarian Central Statistical Office March, 2001
Judit Hamar; Main Effects on the Hungarian Trade Balance and the Import-intensity of the Hungarian Economy Külgazdaság, Dezember, 1996, in Hungarian
Zoltán M. Jakab-Mihály András Kovács; Determinants of Real-Exchange Rate Fluctuations in Hungary NNH Working Paper 1999/6
Zoltán M. Jakab-Mihály András Kovács —Szabolcs Lorincz; Forecasting Hungarian Export Volume NNH Working Paper 2000/4
Zoltán M. Jakab-Mihály András Kovács —András Oszlay; How Far Has Trade Integration Advanced? An Analysis of Actual and Potential Trade of Three Central and Eastern European Countries NNH Working Paper 2000/1
Gábor P. Kiss- György Szapáry; Fiscal Adjustment in the Transition Process: Hungary, 1990–1999 Post-Soviet Geography and Economics, vol. 41, no. 4,2000
Mihály András Kovács-András Simon; The Components of the Real-Exchange Rate in Hungary NNH Working Paper 1998/3
Gábor Oblath; The Terms of Trade Effects in Hungary Külgazdaság,September 2000, in Hungarian
András Oszlay; Foreign Direct Investment,Theory and Facts NNH Working Paper 1999/11, in Hungarian
Katalin Páldi; Structural Changes in the Hungarian Foreign Trade 1995–1997 Közgazdasági Szemle, November 1998, in Hungarian
Quarterly Report on Inflation; National Bank of Hungary, August 2001
Quarterly Report on Inflation; National Bank of Hungary, March 2001
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2002 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Sisak-Fekete, Z. (2002). External Sector Response to Transition and External Shocks: The Case of Hungary. In: Charemza, W.W., Strzała, K. (eds) East European Transition and EU Enlargement. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57497-9_7
Download citation
DOI: https://doi.org/10.1007/978-3-642-57497-9_7
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1501-6
Online ISBN: 978-3-642-57497-9
eBook Packages: Springer Book Archive