Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/108018 
Authors: 
Year of Publication: 
1999
Series/Report no.: 
KTK/IE Discussion Papers No. 1999/4
Publisher: 
Hungarian Academy of Sciences, Institute of Economics, Budapest
Abstract: 
Examples of Western developed economies show a strict correlation between the state of services sector and the level of economic development. Services should be considered as a catalysator in a modern economy. Services play a key role in macroeconomic development, in reducing unemployment, in relieving economic crisis and a key role in knowledgebased economy. Efficiencies of service provisions enable the growth of all other sectors which rely on services as inputs, while neglecting of vital service branches doom many other sectors to failure. Starting from the above thesis a general picture of the state of services, particularly business services is given before and after the transition, in order to pinpoint the effect of the transition process from socialism to capitalism.
Subjects: 
business services
Document Type: 
Working Paper

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