IBS Budapest

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The focus of institutional economics is on the "rules of the game" that are shaping the behaviour of economic actors; consisting of both the formal legal rules and the informal social norms that govern individual behaviour and structure economic and social interactions.

The team has the following three main goals:

  • to offer potentially fruitful research prospects in the domains of macroeconomic competitiveness
  • to investigate the interplay between macro- and sectoral level regulations, incentives and micro-level decisions of business actors

More specifically, the following research questions will be investigated:

  • How do legal and political institutions, governance and business culture affect economic growth?
  • What are the core components of business culture that influence long-term development of open economies in time of increasing global interconnectedness?
  • How do formal institutions (regulations, organisations) and informal institutions (norms, values) of business culture influence each other in emerging economies of Central and Eastern Europe?

Lead Researcher: Bartha, Attila
MSc in Economics and MSc in Sociology (both Corvinus University). PhD in Economics.

Selected recent publications:

Main Economic Trends in Hungary compared to Slovakia since the Political System Change. In: Zahorán, Cs. – Kollai, I. – Otčenášová, S. (eds.): Neznámy sused (The Unknown Neighbour). Budapest – Bratislava: Terra Recognita Alapítvány – Vydavateľstvo Talentum, 2011, pp. 46-67

Economic-Political Stability, Entrepreneurial Culture and Education. Main Factors behind Small Enterprises’ Role in Economic Growth) Külgazdaság (International Economy), 2011, Vol. 55 No. 1-2, pp. 3-6

Governance Efficiency and Business Environment. Towards the Institutional Explanation of Economic Growth in: Kolosi T. – Tóth I. Gy. (eds.): Társadalmi Riport 2010. Budapest: TÁRKI, pp. 176-191