Hungarian Academy of Sciences

Displaying 1-14 of 14 results

  • White Papers // Jun 2011

    FCM: An Architecture for Integrating IaaS Cloud Systems

    Cloud Computing builds on the latest achievements of diverse research areas, such as Grid Computing, Service-oriented computing, business processes and virtualization. In this paper, the authors reveal open research issues by envisaging a federated cloud that aggregates capabilities of various IaaS cloud providers. They propose a Federated Cloud Management architecture...

    Provided By Hungarian Academy of Sciences

  • White Papers // Mar 2011

    The Mandatory Private Pension Pillar In Hungary: An Obituary

    In 1998, the left-of-center government of Hungary carved out a second pillar mandatory private pension system from the original mono-pillar public system. Participation in the mixed system was optional for those who were already working, but mandatory for new entrants to the workforce. About 50 per cent of the workforce...

    Provided By Hungarian Academy of Sciences

  • White Papers // Aug 2010

    Semantic Resource Allocation With Historical Data Based Predictions

    One of the most important issues for Service Providers in Cloud Computing is delivering a good quality of service. This is achieved by means of the adaptation to a changing environment where different failures can occur during the execution of different services and tasks. Some of these failures can be...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jun 2010

    Institutional Reactions To The Impact Of Global Crisis At Source And Destination Cities Of Migration In China

    This paper relates on the impact of global crisis on China from a systemic point of view. In what ways external and internal adaptation pressures influenced the transformation of the party-state system in China? Did reactions have an impact on the transformation of political or economic system? The purpose of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Feb 2010

    Why Do Within Firm-Product Export Prices Differ Across Markets?

    In this paper the authors analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm-product-destination data. By taking firm-product level selection into account they show that export unit values increase with distance even for particular firm-product combinations. This cannot be explained by models assuming firm- or...

    Provided By Hungarian Academy of Sciences

  • White Papers // Nov 2009

    Innovation, Productivity And Exports: The Case Of Hungary

    This paper estimates the relationship between innovation and firm performance by using Community Innovation Survey data for Hungary. It exploits the possibility of linking the innovation data to ownership and disaggregated trade data. Innovative firms are more productive, more likely to trade and export into more countries. Foreign firms are...

    Provided By Hungarian Academy of Sciences

  • White Papers // Oct 2009

    Firms And Products In International Trade: Data And Patterns For Hungary

    This paper provides a detailed description of Hungarian trade data and key patters drawn at the firm and product level. The IEHAS-CEFiG Hungary dataset is an almost universal panel of balance sheet information (1992-2006) merged with firm product country level customs data (1992-2003) taken until the 2004 EU accession. In...

    Provided By Hungarian Academy of Sciences

  • White Papers // Aug 2009

    A Simple Model Of Tax-Favored Retirement Accounts

    To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax-favored retirement accounts. In a very simple model, where benefits are proportional to contributions, the authors compare three extreme systems: the pure mandatory system, the asymmetric system, where only the savers participate...

    Provided By Hungarian Academy of Sciences

  • White Papers // Apr 2009

    Imported Inputs And Productivity

    How do imported inputs affect firm productivity? The authors address this question by estimating a structural model of importers using product-level data for all Hungarian manufacturing firms during 1992-2003. They have three main findings. Imported inputs have large productivity effects: increasing the share of imported goods from 0 to 100...

    Provided By Hungarian Academy of Sciences

  • White Papers // Mar 2009

    Temporary Trade

    Most trade theories assume bilateral trade relationships are forged on the basis of some comparative advantages, scale considerations, market structure or some productivity advantage of firms. Since these factors change slowly, bilateral trade relationships should be stable. However, the authors argue that over half of the non-zero bilateral trade relationships...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    The End Of The Golden Age: The Developments Of The Venture Capital And Private Equity Industry In Central And Eastern Europe

    The current downturn in the American and Western European economies, combined with increasing regulatory pressure on private equity throughout the developed world, made emerging markets an attractive destination for private equity. As part of the emerging markets, Central and Eastern Europe's (CEE) private equity industry was an accidental beneficiary of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    When And How To Subsidize Tax-Favored Retirement Accounts?

    When and how to subsidize tax-favored pension accounts? To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax favored retirement accounts. If the mandatory system is progressive, then a proportional voluntary system can beneficially dampen the redistribution. If the mandatory system...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    The End Of The Golden Age The Developments Of The Venture Capital And Private Equity Industry In Central And Eastern Europe

    The current downturn in the American and Western European economies, combined with increasing regulatory pressure on private equity throughout the developed world, made emerging markets an attractive destination for private equity. As part of the emerging markets, Central and Eastern Europe's (CEE) private equity industry was an accidental beneficiary of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Oct 2008

    Riskiness, Risk Aversion, And Risk Sharing: Cooperation In A Dynamic Insurance Game

    This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It considers a dynamic game where commitment is limited, and characterizes the level of cooperation as measured by the reciprocal of the discount factor above which perfect risk sharing is self-enforcing. When...

    Provided By Hungarian Academy of Sciences

  • White Papers // Mar 2009

    Temporary Trade

    Most trade theories assume bilateral trade relationships are forged on the basis of some comparative advantages, scale considerations, market structure or some productivity advantage of firms. Since these factors change slowly, bilateral trade relationships should be stable. However, the authors argue that over half of the non-zero bilateral trade relationships...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jun 2010

    Institutional Reactions To The Impact Of Global Crisis At Source And Destination Cities Of Migration In China

    This paper relates on the impact of global crisis on China from a systemic point of view. In what ways external and internal adaptation pressures influenced the transformation of the party-state system in China? Did reactions have an impact on the transformation of political or economic system? The purpose of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Mar 2011

    The Mandatory Private Pension Pillar In Hungary: An Obituary

    In 1998, the left-of-center government of Hungary carved out a second pillar mandatory private pension system from the original mono-pillar public system. Participation in the mixed system was optional for those who were already working, but mandatory for new entrants to the workforce. About 50 per cent of the workforce...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jun 2011

    FCM: An Architecture for Integrating IaaS Cloud Systems

    Cloud Computing builds on the latest achievements of diverse research areas, such as Grid Computing, Service-oriented computing, business processes and virtualization. In this paper, the authors reveal open research issues by envisaging a federated cloud that aggregates capabilities of various IaaS cloud providers. They propose a Federated Cloud Management architecture...

    Provided By Hungarian Academy of Sciences

  • White Papers // Aug 2010

    Semantic Resource Allocation With Historical Data Based Predictions

    One of the most important issues for Service Providers in Cloud Computing is delivering a good quality of service. This is achieved by means of the adaptation to a changing environment where different failures can occur during the execution of different services and tasks. Some of these failures can be...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    The End Of The Golden Age: The Developments Of The Venture Capital And Private Equity Industry In Central And Eastern Europe

    The current downturn in the American and Western European economies, combined with increasing regulatory pressure on private equity throughout the developed world, made emerging markets an attractive destination for private equity. As part of the emerging markets, Central and Eastern Europe's (CEE) private equity industry was an accidental beneficiary of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    When And How To Subsidize Tax-Favored Retirement Accounts?

    When and how to subsidize tax-favored pension accounts? To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax favored retirement accounts. If the mandatory system is progressive, then a proportional voluntary system can beneficially dampen the redistribution. If the mandatory system...

    Provided By Hungarian Academy of Sciences

  • White Papers // Oct 2008

    Riskiness, Risk Aversion, And Risk Sharing: Cooperation In A Dynamic Insurance Game

    This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It considers a dynamic game where commitment is limited, and characterizes the level of cooperation as measured by the reciprocal of the discount factor above which perfect risk sharing is self-enforcing. When...

    Provided By Hungarian Academy of Sciences

  • White Papers // Jan 2009

    The End Of The Golden Age The Developments Of The Venture Capital And Private Equity Industry In Central And Eastern Europe

    The current downturn in the American and Western European economies, combined with increasing regulatory pressure on private equity throughout the developed world, made emerging markets an attractive destination for private equity. As part of the emerging markets, Central and Eastern Europe's (CEE) private equity industry was an accidental beneficiary of...

    Provided By Hungarian Academy of Sciences

  • White Papers // Nov 2009

    Innovation, Productivity And Exports: The Case Of Hungary

    This paper estimates the relationship between innovation and firm performance by using Community Innovation Survey data for Hungary. It exploits the possibility of linking the innovation data to ownership and disaggregated trade data. Innovative firms are more productive, more likely to trade and export into more countries. Foreign firms are...

    Provided By Hungarian Academy of Sciences

  • White Papers // Feb 2010

    Why Do Within Firm-Product Export Prices Differ Across Markets?

    In this paper the authors analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm-product-destination data. By taking firm-product level selection into account they show that export unit values increase with distance even for particular firm-product combinations. This cannot be explained by models assuming firm- or...

    Provided By Hungarian Academy of Sciences

  • White Papers // Aug 2009

    A Simple Model Of Tax-Favored Retirement Accounts

    To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax-favored retirement accounts. In a very simple model, where benefits are proportional to contributions, the authors compare three extreme systems: the pure mandatory system, the asymmetric system, where only the savers participate...

    Provided By Hungarian Academy of Sciences

  • White Papers // Oct 2009

    Firms And Products In International Trade: Data And Patterns For Hungary

    This paper provides a detailed description of Hungarian trade data and key patters drawn at the firm and product level. The IEHAS-CEFiG Hungary dataset is an almost universal panel of balance sheet information (1992-2006) merged with firm product country level customs data (1992-2003) taken until the 2004 EU accession. In...

    Provided By Hungarian Academy of Sciences

  • White Papers // Apr 2009

    Imported Inputs And Productivity

    How do imported inputs affect firm productivity? The authors address this question by estimating a structural model of importers using product-level data for all Hungarian manufacturing firms during 1992-2003. They have three main findings. Imported inputs have large productivity effects: increasing the share of imported goods from 0 to 100...

    Provided By Hungarian Academy of Sciences