Thesis supervisor: Miklós Losoncz
Location of studies (in Hungarian): Budapest Business School Abbreviation of location of studies: BGE
Description of the research topic:
Description of the research topic:
The objective of the research is to identify and analyse the direct and indirect impacts and impact mechanisms of economic policy and regulation on companies in general and small and medium-sized enterprises in particular. The nature of this research topic is impact analysis, more specifically, the identification of the effects of macroeconomic policies on the business sector.
The starting point of the research is that economic policy and regulation are external factors from the point of view of the corporate sector that have a considerable impact on the room of manoeuvring of businesses. In addition, companies have to adjust to these factors. The analysis is conducted on three levels: the global economy, the European Union and the nation state. The major part of global and EU impacts are incorporated in the operation of businesses with the intermediation of domestic economic policy and regulation.
To mention some examples, from among global factors, monetary conditions play an outstanding role as a result of the fact that in small and open economies, interest rates are basically externally determined. Another essential transmission channel is the supervision of economic policies based on the Charter of the International Monetary Fund. The EU level is associated with the coordination of economic policies by member states and various EU strategies and sectoral and functional policies as well as the past and probable future regulatory measures in the European Single Market.
In the discussion of the topic, the focus is laid on the analysis of the direct and indirect impacts and impact mechanisms of global, regional and domestic economic policies and regulation on the business sector. Further research directions include the deeper inquiry of some narrower policy segments, e.g., in the context of the European Single Market or the Green Deal of the EU as well as company case studies.
In the framework of the research, the impact of policy and regulation is analysed in close context of the general global, regional and domestic economic environment, including issues such as globalisation, the Covid-19 pandemic, the environment, the commodity and factor markets, etc. Distinctions are made between the effects of policies and regulation on the one hand and the economic environment on the other hand.
Scientifically new and novel conclusions may be drawn on the interaction between macro- and microeconomic policies, impact mechanisms as well as the adjustment of business strategies. Further result of the research could be the identification of new or novel quantitative and qualitative research methods.
In accomplishing this research plan, students will be able:
- to identify, qualify and quantify the relevant policy and regulatory effects emanating from the global, the regional and the national environment,
- to distinguish between policy/regulatory effects and those associated with the economic environment and understand the interaction of the two issues,
- to conduct policy analyses at the macro- and the macroeconomic level and to understand the interaction of the relevant processes,
- to obtain methodological knowledge and skills that can be applied in macro- and microeconomic analysis and elsewhere,
- to elaborate strategic and policy recommendations to macroeconomic decision makers and business managers.
This research topic was devised with a focus on Hungary. Nevertheless, the described research framework in terms of both contents and methodology can be applied to other countries by tailoring them to their specific features. Thus, this topic announcement is open to foreign students as well. They are most welcome.
Required language skills: angol
Deadline for application: 2021-08-31
2024. IV. 17. ODT ülés Az ODT következő ülésére 2024. június 14-én, pénteken 10.00 órakor kerül sor a Semmelweis Egyetem Szenátusi termében (Bp. Üllői út 26. I. emelet).
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