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Research Institutes of the Hungarian Academy of Sciences


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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Economics with policy - International seminar series
12 October 2017 - 2m - Budapest XI., Budaörsi út 45. VIII/807.
Peter McAdam (Research Department at the European Central Bank)
Anatomy of a "Miracle" - Assessing the Reform Period in China
Abstract: We offer a macroeconomic assessment of China’s Reform Period, highlighting a number of rather neglected channels underlining the Chinese ‘miracle’ growth and assess the optimality of its savings rate. We begin by estimating the key parameter of the supply side of the post-Reform economy. This reveals the relatively high (above unity) value of the elasticity of substitution and the time-varying growth pattern of the economy since the Reform period. We then show how in addition to factor accumulation and technical progress, the elasticity of substitution can itself be a source of growth. We then our framework to help rationalize and justify China’s high and rising savings ratio over the previous decades.

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.


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


Event:American Economic Association meetingOrganiser:  American Economic Association
  3 January 2016
San Francisco, California
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

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

Annual scientific activity reports


 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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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.



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


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.


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: 19 October, 2017