The Effects of Crises on the Living Standards in Romania and Hungary in the 21st Century – Similarities and Differences

Author:

Siposné Nándori Eszter1,Zsidó Kinga Emese2

Affiliation:

1. 1 Universitatea din Miskolc , str. Egyetem 1,Miskolc, 3515 , Ungaria

2. 2 Universitatea de Medicină, Farmacie , Științe și Tehnologie ”G.E. Palade” din Tg. Mureș , str. Gh. Marinescu nr. 38, Tg. Mureș, 540141 , România

Abstract

Abstract Our research focuses on the analysis of the effects of the crises of the last 20 years on the development of the standard of living in Romania and Hungary. In the research, we focus primarily on the economic crisis of 2008 and the economic and social shock caused by the COVID-19 pandemic. The study includes an overview of the economic and social situation of Romania and Hungary, the presentation of the concept of crisis, and the indicators that describe the standard of living (GDP per capita, the Gini coefficient, indicators of poverty and social exclusion and indicators that describe the development of the labor market). In our analysis, we examine and compare the evolution of indicators measuring the standard of living in Romania and Hungary during the crises.

Publisher

George Emil Palade University of Medicine, Pharmacy, Science, and Technology of Targu Mures

Reference23 articles.

1. Eurostat database (2023. november 08), https://ec.europa.eu/eurostat/data/database, accesat 08.11.2023.

2. Youngblood, S. Ongoing Crisis Communication: Planning, Managing, and Responding, (Coombs, WT) and Handbook of Risk and Crisis Communication (Heath, RL and O’Hair, HD, Eds.) [Book reviews]. IEEE Trans. Prof. Commun. 2010, 53, 174–178.

3. Minati, G. (2018). Knowledge to Manage the Knowledge Society: Complexity and the Systemic Concept of Crisis. Acta Europeana Systemica 8: 3–14.

4. Karabag, S. F. (2020). An Unprecedented Global Crisis! The Global, Regional, National, Political, Economic and Commercial Impact of the Coronavirus Pandemic. Journal of Applied Economics and Business Research 10: 1–6.

5. Seidmann, S., Azzollini, S., Vizoso, S., Bail, V. & Vidalo, V. (2007). Las Representaciones Sociales de Las Crisis y Su Vinculación Con El Contexto Económico-Social En Argentina, En Hombres Jóvenes. Arquivos Brasileiros de Psicologia 59: 16–26. http://pepsic.bvsalud.org/scielo.php?script=sci_arttext&pid=S1809-52672007000100003&lng=pt&nrm=iso&tlng=es.

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