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• Political leadership and economic growth: Do the leaders matter? A vezető személye számít?

  101-116

  Dora Zolcsak

  Views:

  143

  The paper analyses the role political leadership plays in economic growth by reviewing the literature that argues for, or presents evidence on, the proposition that leadership and the leader him/herself are crucial factors in economic growth. The article considers institutional economics as a starting point, a field which, so far, has paid little attention to the role of individuals and only focuses on the significance of institutions. The institutional theory of economic development has been criticized for using endogenous indicators and for only emphasising political output. However, political leaders are also able to make good and efficient economic policies. That is the reason leaders do matter

  Journal of Economic Literature (JEL) Classification: B3, O4, P48

• Greenxit: Greenland’s Case with the European Union

  34-53

  Fruzsina Siger

  Views:

  294

  In connection with the withdrawal of the United Kingdom from the European Union (Brexit) a little-known episode of the European Union history became particularly interesting and timely: Greenland entered the European Community in 1973 together with Denmark, and later it left in 1985. This study provides an overview of the accession and withdrawal of Greenland to and from the European Communities and then it is put into a comparative context. On the one hand Greenxit is examined in the light of the planned withdrawal of the United Kingdom from the European Union, on the other hand it is compared with the almost-entry of Iceland. The study concludes that considering the key aspects of the case of Greenland it does not resemble that of the Brexit. However, the differences between the sovereignty and economic, political weight of the two territories explain the attitude of the EC/EU to the withdrawal. The comparison with Iceland highlights the importance of fisheries.

  Journal of Economic Literature (JEL) codes: F53, P52

• The Roots of Euroscepticism in Hungary.: Economic Policy and Perceptions of the European Union in the Crisis

  5-22

  Jozsef Peter Martin

  Views:

  278

  The paper explores the relationships among three factors: economic policy, its evaluation, and perceptions of the European Union. It considers Hungary’s recent decade, primarily the years of the recent global financial and economic crisis. The analysis compares Hungary’s economic statistics and attitudes with those of other countries on the EU periphery. The main questions are the following: why and how Hungary has become a eurosceptic country? On what does the image of the EU (created in the population) depend? Is there any link between how the economic policy is being pursued on one hand, and the attitudes towards the EU, on the other? Is the evaluation of the national economy confirmed by the hard facts?

  Journal of Economic Litterature (JEL) classifications: O520, Z130, P160

• Corrupt German companies? A political economy approach to German corporate scandals of recent years

  97-114

  Zoltan Adam

  Views:

  102

  The paper seeks to explain German corporate scandals of recent years from a political economy point of view, adopting a 'varieties of capitalism' approach. Scandals have taken place in two realms of corporate activities: (i) in industrial relations defined by the system of Mitbestimmung that my well constrain corporate restructuring, and (ii) in export markets where corrupting foreign officials has always been a widespread practice among large exporting companies, including export-intensive German manufacturing corporations. In recent years institutional changes in domestic and international markets, including regulatory regimes, have significantly altered the set of viable options for corporate strategies. In consequence, large German companies have to adjust to new circumstances. Although the institutional underpinnings of coordinated market economies have been changing, German corporatism is not set to vanish yet.

  Journal of Economic Literature (JEL) classification: P16, F55