OECD economic surveys. Hungary 2014.

Format:

Book

Contributor:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD Economic Surveys

OECD economic surveys, 0376-6438

OECD economic surveys. Hungary, 1995-3461

Language:

English

Subjects (All):

Hungary--Economic conditions.

Hungary.

Hungary--Commerce--Periodicals.

Physical Description:

1 online resource (116 p.)

Place of Publication:

[Paris, France] : OECD, [2014]

Language Note:

English

Summary:

OECD's 2014 Economic Survey of Hungary examines recent economic developments, prospects and policies. Special chapters examine enhancing competition and tackling labour mismatches.

Contents:

Table of contents; Basic statistics of Hungary, 2012; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Stronger and more inclusive growth; The pressing policy challenge is to stabilise the economy; Figure 1. Key indicators; Table 1. Macroeconomic indicators and projections; Achieving sustainable and equitable growth is the long-run challenge; Figure 2. Financial vulnerabilities; Figure 3. Potential growth; Figure 4. Social indicators; Figure 5. Environmental indicators; Monetary policy and financial stability; Monetary easing should help stimulate lending

Figure 6. Monetary and financial indicatorsRestoring financial intermediation remains a key challenge; Figure 7. Banking sector indicators; Strengthening institutional arrangements; Box 1. Main recommendations on monetary policy and financial stability; Fiscal policy; Substantial fiscal consolidation was achieved, but risks remain sizeable; Table 2. Fiscal indicators; Figure 8. Debt sustainability; Towards more growth-friendly fiscal instruments; Table 3. Recent special taxes on specific sectors; Strengthening the fiscal framework; Box 2. Main recommendations on fiscal policy

Enhancing competition and the business environmentFigure 9. Product market regulation indicator; Regulatory burdens and instability are high; Figure 10. Administrative burdens are high; Institutional quality has room for improvement; Fostering SME growth and entrepreneurship; Barriers to entry in services are high; Figure 11. Barriers to entry in services; Price controls in energy hurt competition, competitiveness and the environment; Figure 12. Energy prices for industrial users; There is room to increase competition in mobile communications; Figure 13. Telecommunications

Box 3. Main recommendations to enhance competition and the business environmentImproving the efficiency and inclusiveness of the labour market; Figure 14. Labour market indicators; Boosting demand for low-skilled labour, especially in disadvantaged regions; Figure 15. Employment rate by educational attainment; Figure 16. Unemployment rate by county; Enhancing active labour market policies; Better education to match labour market needs; Attracting high-skilled immigration; Tackling geographic mismatches; Box 4. Main recommendations to enhance labour market participation and mobility

BibliographyAnnex. Progress in main structural reforms; Thematic chapters; Chapter 1. Enhancing competition and the business environment; The growth potential has markedly declined; Figure 1.1. Potential growth; Spillovers from multinationals are limited; Figure 1.2. Investment; Figure 1.3. Domestic value added content of gross exports; Weaknesses in the business environment; Figure 1.4. Small and medium-sized enterprise (SME) indicators; Figure 1.5. The informal economy is large; Figure 1.6. Contribution of allocation of employment across firms to manufacturing labour productivity

Reducing administrative burdens and regulatory instability

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed March 18, 2014).

ISBN:

92-64-20452-0