Quotation Podvršič, Ana, Becker, Joachim, Piroska, Dóra, Profant, Tomáš, Hodulák, Vladan. 2020. Mitigating the COVID-19 effect: Emerging economic policy-making in Central Europe. ETUI Working Paper 2020.7.


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Abstract

This paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. The focus is on the participatory character of the governments’ COVID-19 packages, on their design, and targets. The authors find that while social actors were selectively integrated in the policy-making, depending on the established tripartite framework and government political composition, support packages deployed similar tools (such as short-time work provisions, loan and guarantee programmes through development banks, tax/security payment deferrals) though with varying weight and scope. Only in Austria and Czechia the governments adopted specific measures for the export sector. Additionnally, the scope of the fiscally immediately relevant measures is rather limited, resulting in lesser loan programs and social provisions. Although the budgetary limitations have been temporarily suspended by the European Union, the governments in the periphery, regardless of their political inclinations, remain constrained by their uneven integration into the EU’s single market, as well as by their limited access to international financial markets.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Mitigating the COVID-19 effect: Emerging economic policy-making in Central Europe
Title of whole publication ETUI Working Paper 2020.7
Year 2020
URL https://www.etui.org/publications/mitigating-covid-19-effect

Associations

People
Becker, Joachim (Details)
External
Hodulák, Vladan (Masaryk University Brno, Czech Republic)
Piroska, Dóra (Corvinus University Budapest, Hungary)
Podvršič, Ana (Universität Graz, Austria)
Profant, Tomáš (Comenius University Bratislava, Czech Republic)
Organization
Department of Economics (Kubin) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
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