Abstract
The authors perform an analysis of the degree of economic integration of Hungary and Central Europe in order to compare their position with the rest of Europe. The analysis of economic integration is based on six indicators: integrated trade intensity, structure of trade and competitiveness, balance of trade, intensity of factor market and trans-nationalization of the company sector, sub-regional connectedness, and convergence. The authors found that Hungary and the Central European countries are highly integrated with the rest of Europe in the area of trade. They have reduced the productivity gap between 1998 and 2008, and they gained trade surpluses with the rest of Europe and the world. In addition, Hungary is characterized by very high capital integration, and most of its foreign direct investment (FDI) comes from Germany, The Netherlands and Austria. It is gradually entering the EMU and is fully part of the Single Market. Therefore, due to this high level of connectedness, the authors believe that Hungary and the Central European periphery has got closer to the Centre.
The study was carried out in the framework of TÁMOP4.2.4.A/2-11-1-2012-0001. “National Excellence Program – Elaborating and operating an inland student and researcher personal support system.” key project. The project was subsidized by the European Union and by The European Social Fund.
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Palankai, T., Miklos, G. (2017). Integration Profiles for Central Europe and Hungary. In: De Lombaerde, P., Saucedo Acosta, E. (eds) Indicator-Based Monitoring of Regional Economic Integration. United Nations University Series on Regionalism, vol 13. Springer, Cham. https://doi.org/10.1007/978-3-319-50860-3_4
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DOI: https://doi.org/10.1007/978-3-319-50860-3_4
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