Competitiveness and Growth

4 900 Ft


The road to sustainable economic convergence

Competitiveness and Growth is the second volume of the book series of the Magyar Nemzeti Bank on economics and monetary policy. It was published in 2016 and edited by Dániel Palotai and Barnabás Virág, Executive Directors of the MNB. The MNB decided on launching this book series in compliance with its mandate, as its statutory tasks include the development of financial literacy and this way economic thinking in Hungary and – without jeopardising its primary objective – the support of the economic policy of the Government.

Complying with its statutory tasks, with the volume Competitiveness and Growth, the MNB intends to contribute to the collective thinking about sustainable growth and competitiveness. The book provides an overview of domestic and international experiences as well as a comprehensive picture of the most important determinants of economic convergence. In addition, it identifies the areas where progress is the most necessary, and gives proposals for reforms that can contribute to the increasing of competitiveness.







Summary of the most important conclusions

Part I: International and national experiences in economic convergence

  1. Theory and practice ofeconomic convergence
  2. A brief summary of economic convergence theories
  3. Succesful international experiences
  4. Financing economic convergence
  5. Financing models from a macro perspective
  6. The role of financial intermediation in growth
  7. The fiscal policy of successfuly converging coutnries
  8. The current Hungarian situation
  9. Convergence and equilibrium in Hungary since the political changeover
  10. Regional differences in economic growth in Hungary
  11. Hungary’s position in terms of determinants ofgrowth potencial- demographics and the labour market
  12. Hungary’s position in terms of the determinants of growth potencial- investments
  13. Hungary’s position in terms of the determinants of growth potencial- productivity
  14. Present situation an outlook for the bankig system in Hungary
  15. The impact of fiscal policy on economic performance

Part II: Competitivness reforms

Overview of draft reforms on competitivness

  1. Labour market compettitveness
  2. Corporate competitiveness
  3. State competitiveness
  4. The competitiveness of human resources
  5. The role of European Union funding in enhancing copmpetitiveness and growth
  6. Special topics
  7. The bankingsistem scheme


List of acronymes

List of charts and tables

További információk

Tömeg 2,066 kg









Palotai Dániel, Virág Barnabás




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