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Evolution on the market of foreign language teaching services in Hungary

Author

Listed:
  • Mihaly Laki

    (Institute of Economics - Hungarian Academy of Sciences)

Abstract

This case study is a part of a research project dealing with the post socialist market evolution. Companies with majority foreign ownership are very rare on the market of foreign language services in Hungary. Import competition is negligible on this market as well. One curious feature of this market is the long term and decisive presence of public education. The demand for language instruction grew rapidly in the last decades of socialism. Competition and presence of private enterprises began in the last year of the socialist system because of the permanent shortage. After the collapse of socialism a large number of new private companies entered this market as well. The demand fell during the transformational recession and rose again in the years of Hungary' EU accession. After this event this market shows more and more signs of saturation.

Suggested Citation

  • Mihaly Laki, 2007. "Evolution on the market of foreign language teaching services in Hungary," CERS-IE WORKING PAPERS 0702, Institute of Economics, Centre for Economic and Regional Studies.
    • Handle: RePEc:has:discpr:0702
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    File URL: http://econ.core.hu/doc/dp/dp/mtdp0702.pdf
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    Cited by:

    1. Judit Karsai, 2009. ""The End of the Golden Age" - The Developments of the Venture Capital and Private Equity Industry in Central and Eastern Europe," CERS-IE WORKING PAPERS 0901, Institute of Economics, Centre for Economic and Regional Studies.
    2. Andras Simonovits, 2009. "When and How to Subsidize Tax-Favored Retirement Accounts?," CERS-IE WORKING PAPERS 0902, Institute of Economics, Centre for Economic and Regional Studies.

    More about this item

    Keywords

    market evolution; regulation of market competition;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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