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Tag: ieer working paper
21 of June, 2021Research
Perception of Hungarian companies’ financial situation and their share from the aids offered by government measures aiming to relieve the economic effects of COVID19, April 2021

This analysis by Institute for Economic and Enterprise Research (IEER) focuses on Hungarian companies' perception of their financial situation and how government measures mitigating economic effects of COVID19 affected them. Data used for this analysis were taken from IEER's most recent Business Climate Survey: in April 2021 a total of 2790 Hungarian businesses were asked about their financials and acceptance of government support.

According to the results of the April 2021 survey, the business confidence in Hungary gradually improved following the low level measured in spring 2020. Since October 2020 the half-year Business Climate Index climbed from +14 points to +28 points. At the same time it is worthwhile to note that the current score value has been still the lowest since April 2014 (+27 points) and before April 2020. [1]

[1] MBET_2021_May_210615.pdf (gvi.hu)

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11 of January, 2021Research
Financial situation of Hungarian businesses October 2020

In the current analysis of HCIC’s Institute of Economic and Enterprise Research (IEER) the focus is on the financial situation of businesses, specifically with regard to revenue expectations, financial reserves, circular debt, necessity to use external financial sources, and terms of taking out loans. Data were recorded during the business cycle survey conducted between 1 October and 31 October 2020, with the participation of 3142 companies active in Hungary. The survey took place before the introduction of second wave coronavirus-related restrictions, therefore the abatement of the first wave greatly influenced the outcome – optimistic expectations characterised the resulting business climate index.

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7 of September, 2020Research
The economic effects of the COVID-19 pandemic amongst Hungarian enterprises – Capacity utilisation, liquidity, changes in employee numbers, wages and consumer prices

HCIC’s Institute for Economic and Enterprise Research (IEER) recently examined the effects the COVID-19 pandemic exerted on the economy. This time, the main focus is on capacity utilisation, financial reserves, employee numbers and changes in salaries and consumer prices. Domestic and foreign sales prices were taken from IEER’s Business Climate Surveys taken in the previous 31 waves (2005–2020), while the rest of the data used in this paper originate from the most recent survey conducted by IEER in April 2020 involving 2891 Hungarian companies. Records were taken between 1 April and 30 April 2020, during the period of COVID-19–related restrictions, so first impressions of the pandemic and the ensuing economic lockdown had a profound impact on our results. The aim of IEER’s Business Climate Survey was to map the CEO respondents’ short–term expectations based on their subjective judgement and information available to them at the time the survey was conducted.

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10 of August, 2020Research
The economic effects of the COVID-19 pandemic amongst Hungarian enterprises – exposure and crisis management measures

In the article below by the Institute of Economic and Enterprise Research (IEER), we examine the obstacles hampering the business activity of enterprises in Hungary, the corporate reactions and crisis management tools countering the economic effects of the pandemic and the impact of measures introduced by the state. In the case of obstacles hampering the business activity of enterprises in Hungary, the data originates from last four waves of the half-annual IEER Business Climate Survey; concerning the other chapters data is from the latest wave of the same research: in April 2020, altogether 2891 enterprises were surveyed on the subject. The data collection took place between 1st of April and 30th of April, in the period when lockdown and curfew measures were imposed against the effects of the pandemic.

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4 of November, 2019Research
Labour shortage at Hungarian companies: perception and reactions

In this analysis we shall examine the rate at which domestic companies faced problems caused by labour shortage in autumn 2018 and in January 2019, with special highlight on the types of companies that were primarily affected by this issue. The measures companies take to keep existing employees in place and to keep labour shortage in hand will also be presented in detail, including the employment of foreign citizens.

Data of the Quarterly Business Climate Survey from October 2018 and January 2019 recorded by IEER (Institute of Economic and Enterprise Research) were used to make this analysis. On both occasions, 400 CEOs were asked about their companies’ business situation and economic expectations. In the course of the same two waves, labour shortage rates, prevention measures and remedies were also surveyed. The full sample consisted of 300 SMEs (20-249 employees) and 100 large companies (250+ employees) in both cases.

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29 of April, 2019Research
Innovation and automation at Hungarian companies

The working paper of IEER is based on a survey of 6781 company managers. The analysis examines the extent at which businesses active in Hungary may be affected by automation and also their attitute towards the implementation of new technologies. The proportion of employees on technically automatable jobs was also surveyed.

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2 of August, 2017Research
Poverty of Hungarian seventh grade students and its effect on their further education plans

This paper examines the level of poverty among Hungarian seventh grade students and its effect on their future education plans. The data is based on the answers to a self-administered questionnaire of more than 9000 students from a research conducted by the Institute for Economic and Enterprise Research (IEER) in 2015. We find that a large group of students are deprived of basic necessities and that poor children plan to finish their studies earlier than non-poor children. Using mixed-effects regression models controlling for other possible factors affecting further education plans we show that the negative effect of poverty is substantial.

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17 of July, 2017Research
Student Mobility from the Best High Schools in Hungary to Foreign Universities – 2017

The IEER analysis examines the plans for higher education of students from the best high schools in Budapest, Pest and Győr-Moson-Sopron Counties. The results show that every tenth student out of all the students of the best high schools submits their application to a foreign higher educational institution. Most of these students plan to reside in their chosen city not only for the duration of their higher education, but for a longer term.

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12 of December, 2016Research
The Expected Impacts of the Introduction of Online Cash Registers into the Taxi Industry

The analysis entitled “The Expected Impacts of the Introduction of Online Cash Registers into the Taxi Industry” by the Institute for Economic and Enterprise Research (IEER) studies the possible effects of the obligatory use of online cash registers in the taxi industry. The analysis took the following aspects into consideration: the characteristics of the Hungarian and more specifically the Budapest taxi industry, the legal environment and economic theories on tax payer behaviour.

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28 of October, 2016Research
Impacts of automation on the labor market in Hungary

The new (digital) revolution generates significant changes in the labor market. The result of the ‘skilled-biased technological change’ suggests the following expectations: the demand for unskilled workers will decrease and the demand for high educated labor force will significantly increase. The full automation of certain professions will result in a decrease in the number of work places. In the IEER research the possible effects of automation on the Hungarian labor market were studied with a primary focus on the effects on districts and counties.

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