Towards a set of indices for relational economy on the example of Hungary

Autor: Bálint Madlovics, Bálint Magyar
Rok vydání: 2023
Předmět:
Zdroj: Acta Oeconomica. 73:101-127
ISSN: 1588-2659
0001-6373
DOI: 10.1556/032.2023.00007
Popis: While informal relations between economic and political actors are prevalent in post-communist economies, proper tools for their quantitative measurement are lacking. This paper is a starting point for thinking about this issue. Relying on previous research (Magyar – Madlovics 2020), we elaborate the concept of ‘relational economy,’ and discuss the problem of measuring its peculiar phenomena by existing direct and indirect data. Towards a set of indices for relational economy, we consider the use of proxies in three ways: (1) a radar chart composed of specific company data; (2) ‘moments of truth’ when property movements reveal an actor's de facto ownership status; and (3) ‘moments of truth’ when adoption to or exclusion from the informal patronal network is accompanied by a significant change in financial situation. Illustrations to each of the three methods are provided from the case of Hungary after 2010.
Databáze: OpenAIRE