3 Question raising and possible hypotheses

Munkácsi, Zsuzsa
March 2009
MNB Occasional Papers;Mar2009, Issue 81, p10
Working Paper
The article discusses the slowdown in the growth of the export market share in Hungary following 2000. It is said that the slowdown in growth resulted from a stagnation of the price index of export goods. Several possible explanations to the slowdown are examined, one of which is the equilibrium hypothesis which states that the slowdown of export market share dynamics can be regarded as a natural process. It concludes that the specialisation of Hungary did not grow in industries with rising demand from 2000 to 2007.


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