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Research Institutes of the Hungarian Academy of Sciences

WELCOME

Welcome to the homepage of the Institute of Economics, Centre for Economic and Regional Studies of the Hungarian Academy of Sciences. By unifying excellence in research, authenticity in science, and a commitment to society, the institute network of the Academy is set to produce values for both national and international success in Hungarian and universal science. Building on our national research traditions, being part of the only full-time research institute network in Hungary, our primary aim is to play a fundamental role in promoting the common weal and in building the foundation for our future through valuable scientific achievements based on highly promising discovery research. 
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Events

Economics with policy - International seminar series
7 December 2017 - 2 pm - new venue! - Budapest, Tóth Kálmán u. 4, 1097, ground floor room 13-14
David Manlove (University of Glasgow)
Algorithms for Paired and Altruistic Kidney Donation in the UK
Abstract: A patient who requires a kidney transplant, and who has a willing but incompatible donor, may be able to 'swap' his or her donor with that of another patient in a similar situation. The UK Living Kidney Sharing Schemes (UKLKSS), run by the National Health Service Blood and Transplant, aim to find optimal sets of 'kidney exchanges' involving incompatible donor-patient pairs and also altruistic (non-directed) donors in the UK. In this talk we describe the computational techniques that we have used in order to construct optimal sets of exchanges for quarterly matching runs of the UKLKSS since July 2008. We also provide an overview of outcomes, showing the numbers of transplants that have been identified and that have proceeded from these runs.

25 January 2018 - 2 pm - Budapest, Tóth Kálmán u. 4, 1097, ground floor room 13-14
Armando Rungi (IMT Lucca): Global ownership and corporate control networks
Abstract: In this contribution, at first, we introduce a basic network framework to study pyramidal structures and wedges between ownership and control of companies. Then, we apply it to a dataset of 53.5 million of companies operating in 208 countries. Among others, we detect a strong concentration of corporate power, as less than 1% of parent companies collect more than 100 subsidiaries, but they are responsible for more than 50% of global sales. Therefore, we show that the role of indirect control, i.e., through middlemen subsidiaries, is relevant in 15% of domestic and 54% of foreign subsidiaries. Among foreign companies, cases emerge of blurring nationality, when control paths cross more than one national border, in the presence of multiple passports (19.1%), indirectly foreign (24.5%), and round-tripping subsidiaries (1.33%). Finally, we relate indirect control strategies to country indicators of the institutional environment. We find that pyramidal structures arise less likely in the presence of good financial and contractual institutions in the parent's country, as these foster more transparent forms of corporate governance. Instead, parent companies choose indirect control through countries that have better financial institutions, possibly because it is easier to coordinate decisions from remote. Finally, we find that offshore financial centers are preferred jurisdictions for middlemen subsidiaries, probably due to a lower taxation and a lack of financial disclosure.

IEHAS PUBLICATIONS

The Hungarian Labour Market 2016Edited by Károly Fazekas and Zsuzsa Blaskó
Centre for Economic and Regional Studies - Hungarian Academy of Sciences, Budapest, 2016.

Competition and Regulation 2015Editors: Pál Valentiny • Ferenc László Kiss • Krisztina Antal-Pomázi • Csongor István Nagy
Institute of Economics
Centre for Economic and Regional Studies, Hungarian Academy of Sciences, Budapest • 2015

Other publications

CONFERENCE PRESENTATIONS

Event:American Economic Association meetingOrganiser:  American Economic Association
Date:
  3 January 2016
Place:
San Francisco, California
Presentation:
Gabor Békés: Shipment Frequency of Exporters and Demand Uncertainty: An Inventory Management Approach  
Event:The Role of State in Varieties of Capitalism (SVOC) Achievements and challenges for Central and Eastern Europe and the emerging marketsOrganiser: Institute of World Economics of the Centre for Economic and Regional Studies, Hungarian Academy of Sciences and Center for EU Enlargement StudiesCentral European University
Date: 26-27 November 2015
Place: Central European University, Budapest
Presentations:

Judit Karsai: Are CEE states successful as venture capitalists?Mária Csanádi: Chinese transformation: between varieties of capitalism and communism
Former presentations

RESEARCH FOCUS

NEWS

Miklos Koren, senior research fellow of our Institute has been elected to the EEA Council and will sit here for a term of five years, starting on January 1 2017.
Imre Fertő - research advisor and head of Agricultural economics and rural development research unit is the director of the Institute from 1st of July 2016.
The Horizon 2020 Twinning project EdEN (2016-2018) marks the start of an enhanced cooperation in the field of education economics between three top ranked economics of education research groups in EU-15 countries – KU Leuven, U Maastricht and Politecnico di Milano – and the CERSHAS. The proposed project focuses on three clusters of methodologies – program evaluation, structural modeling and efficiency analysis – and fosters cooperation between the institutions along more specific research lines within these clusters.
Balázs Lengyel, research fellow at the Centre for Economic and Regional Studies of the Hungarian Academy of Sciences won the award of the Rosztoczy Foundation to conduct post-doctoral research work at the MIT Human Mobility and Networks Research Lab in 2016 under the supervision of Prof. Marta Gonzalez.
News archive

Annual scientific activity reports

NEW PUBLICATIONS

Bojnec, Štefan, Fertő Imre: Effects of globalization and corruption on the outward FDI in OECD countries. Ekonomický ČasopisVol. 65. No. 3. 2017. p. 201-219.
Csóka  Péter: Fair risk allocation in illiquid markets. Finance Research LettersVol. 21. 2017. p. 228-234.
Nemes Gusztáv, Augustyn, Anna Maria: Towards inclusive innovation in the European context: the innovation capacity of alternative networks for sustainable agriculture. Innovation and DevelopmentVol. 7. No. 1. 2017. p. 133-152.

PRESS REVIEW

 VOXEU (CEPR) ¦ 21 March 2014
Carlo Altomonte - Tommaso Aquilante - Gábor Békés - Gianmarco I.P. Ottaviano:Internationalisation and innovation of firms: Give them one roof
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DATABANK

The Databank of the Research Centre for Economic and Regional Studies, Hungarian Academy of Sciences was created with the aim to support empirical research, in particular studies using micro level data.

AGREEMENTS OF ACADEMIC COOPERATION AND EXCHANGE

Agreements of Academic Cooperation

» with CEU ECON to support joint activity in CEFIG
signed in September 2010
Agreement of CoopeartionCEU ECON websiteCEFIG website

» with the Institute of Economic Research of the Kyoto University signed in March 2010
Agreement of CooperationKIER website

» with the School of Economics and Business Administration of the Bejing Normal University signed in Dec 2009
Agreement of CooperationSEBA website
» with the Korean SNU KIEP EU Center signed in May 2009
Agreement of CooperationSNU KIEP EU Center's website
» with the Institute of Economics - Chinese Academy of Social Sciences signed in June 2007
Agreement of CooperationIE CASS website
in which parties mutually agreed to cooperate in joint researches, to exchange scientific knowledge and information, to host meetings and seminars, and encourage staff visitings.
The Institute's
networking infrastructure
is provided by NIIF.
MTA - Magyar Tudományos Akadémia HAS
Hungarian Academy of Sciences
 
Page last modified: 08 December, 2017