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A multinacionális vállalatok szerepe a gazdaságban és a munkaerőpiacon
[The Role of Multinational Companies in the Economy and the Labor Market]

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Listed:
  • Vértesy, László

Abstract

The role of multinational companies is significant in each of the national and thus in the global economy. The longstanding debate in the literature is whether the economic growth is more likely to be driven by the large-scale enterprises or small and medium-sized enterprises, especially if the high proportion of dependent, suppliers SMEs is taken into account. 45.6% of the value added by the Hungarian business sector - without financial sector - was generated by only 906 large companies. This ratio is one quarter of the country's total GDP and 10 percent just for the automotive industry. In its proportions it represents only 0.13% of enterprises, yet it employs 33.1% of employees (850.000 people) in the business sphere. The leverage and labor productivity of large and multinational companies are significant. In the EU's economic policy, the principle of growth that benefits everyone should be a decisive goal. The paper deals with the following topics: wages adjusted to the productivity level; sectoral domestic and EU minimum wages; stronger employee protection and trade union system; state and EU subsidies; dual product quality practices.

Suggested Citation

  • Vértesy, László, 2018. "A multinacionális vállalatok szerepe a gazdaságban és a munkaerőpiacon [The Role of Multinational Companies in the Economy and the Labor Market]," MPRA Paper 90262, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:90262
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    multinational companies; economy; economic growth; labor market; subsidies; wages; minimum wages; productivity;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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