Unorthodoxy in Hungary: an illiberal success story?. Issue 1 (2nd January 2022)

• Record Type: Journal Article
• Authors: Csaba, Laszlo
• Is Part Of: Post-communist economies. Volume 34:Issue 1(2022)
• Page Start: 1
• Page End: 14
• Publication Date: 2022-01-02
• Subjects: Varieties of capitalism -- macroeconomic performance -- public works -- fiscal position -- European markets -- unilateral transfers; Post-communism -- Economic aspects -- Periodicals; Russia (Federation) -- Economic conditions -- Periodicals; Europe, Eastern -- Economic conditions -- Periodicals; 330.91717
• DOI: 10.1080/14631377.2019.1641949
• Languages: English
• ISSNs: 1463-1377

Abstract

ABSTRACT: This paper offers a political economy perspective of Hungary under the Orbán regime (2010–18). What specific variety of capitalism emerged from the series of centralising measures pertaining to property, banking, fiscal management and the division among various policy fields? We provide a functional overview of the Hungarian model of the market applying the varieties of capitalism framework. How far did it all succeed? The two hypotheses to be tested are (a) that incremental change translated into a new quality in 2010–18; and (b) that it were the uniquely favourable external conditions rather than institutional and policy innovations that explain less than exceptional outcomes.