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The aim of this paper is to analyse sectoral interdependencies and to identify the key sectors in the Romanian, Hungarian and Slovak economy, drawing a comparison between these three countries. In order to do these investigations, input-output analysis is applied, as it is based on a model which presents interactions between sectors of the economy. This method can also be used for determining the role of each sector in the national economy regarding its contribution to the total output, incomes, exportimport and so on, and for quantifying direct and indirect impact on the whole economy caused by any change produced in a sector’s activity. As the results of the analyses show, several similarities and differences appear in the economic structure, the sectoral interdependencies and the key sectors of the analysed countries. For example, in Romania, intersectoral transactions are axing mainly on the Trade and Manufacturing sectors, while in Hungary and Slovakia on the Manufacturing and Other professional, scientific and technical services sectors. Key sectors - identified by applying output and income backward linkages - also differ as in Romania the output backward linkage is the largest in the case of the Trade sector, in Hungary, in the Food sector and in Slovakia in the Electricity, gas, water and waste management sector. In the case of the income linkages, Social, collective and personal services rank in the first place in all three countries
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The aim of this article is to investigate the fiscal policy changes in six Central and Eastern European countries outside the Eurozone: Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Romania. The analysis covers the period from 2004 to 2017. The study uses changes in the cyclically-adjusted primary balance as a main indicator to assess the fiscal policy stance. The results indicate that, in general, over the period from 2004 to 2017, the fiscal stance in these countries was somewhat contractionary.
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Good Governance presents the contemporary trend of managing public affairs worldwide. This concept is promoting the basic elements of subsidiarity, participation, and democracy in modern public administration. Presented article is focused on the evaluation of Good Governance development in the European Union countries in the long-term, in the period 2007–2017. The evaluation is based on the application of multiple criteria decision-making methods, concrete The Technique for Order Preference by Similarity to Ideal Solution. The original data used in the research were the values of Worldwide Governance Indicators monitored and processed by the World Bank. The article presents a complete assessment of European Union countries according to the level of Good Governance. There are identified countries that have been successful in this area in the long-term, in particular the Nordic countries - Finland, Sweden and Denmark. On the contrary, there are countries that show greater shortcomings in terms of Good Governance as Romania, Bulgaria or Greece. The European Union countries were also grouped into clusters and the overview of rankings of individual countries for the period 2007–2017 was completed.