Národohospodárska fakulta Ekonomickej univerzity v Bratislave

We are a group of pedagogues and researchers who are curious about current economic, social, and societal issues and challenges.
The well-being of our society plays a significant role in our research activities. We try to share our passion about economics with our students.
Cutting-edge results and methods of the national as well as the international are implemented in our teaching.
We provide our students with subjects which broaden and deepen their economic knowledge, improve their empirical, statistical, and data processing skills. This furnishes them with a comparative advantage, which enables them to find a job in the labor market.

Teaching Activities

Teaching Activities

We shape critical economic thinking of our students, develop their creativity, and guide them to improve their fortes.
We provide them with the state-of-the-art body of knowledge of theoretical as well as empirical economic policy and applied economics.
The syllabus of the courses are comparable with the international standards and similar programs abroad.
The students receive feedback on their assignments and seminal papers during the semester. Active participation is more important than the finals.

Undergraduate courses:

Economic Policy

Economic Development

National Accounts

Quantitative methods in Economics

Economic Policy in the Age of Globalisation

Graduate courses:

Applied Econometrics: Policy Evaluation

Efficiency and Productivity Analysis

Industrial Economics

Applied Data Analysis

Competition Policy

Microeconomic Policies

Post-graduate courses:

Advanced topics in Econometrics

Economic Seminar and co-organisation of Doctoral Research Seminar

Research Activities

Research Activities

Our department is mainly devoted to three research areas:

Development Economics

Selected articles and studies:

LÁBAJ. M. - MAJZLÍKOVÁ, E. 2021. Drivers of Deindustrialisation in Internationally Fragmented Production Structures. The Cambrige Journal of Economics.https://doi.org/10.1093/cje/beab046

Lábaj, M. - Vitáloš, M. (2021). Automation and Labor Demand: The Role of Different Types of Robotic Applications. Czech Journal of Economics and Finance, 71(3), 220-244. https://doi.org/10.32065/CJEF.2021.03.02

MORVAY, Karol - HUDCOVSKÝ, Martin. Acceleration of Labour Cost Along with Deceleration of Productivity: How the Slovak Manufacturing Lost the Advantage of Low Unit Labour Cost. - Registrovaný: Scopus. In Danube: Law, Economics and Social Issues Review. - Berlin : De Gruyter. ISSN 1804-6746, 2021, vol. 12, no. 3, pp. 183-196

Lábaj, M., & Vitáloš, M. (2020). Automation and Labor Demand in European Countries: A Task-based Approach to Wage Bill Decomposition. Ekonomický Časopis, 68(9), 895–917. https://doi.org/10.31577/ekoncas.2020.09.02

MORVAY, Karol. Slovenská ekonomika na ceste od nedostatku práce k nedostatku jej produktivity. Recenzenti: Eva Rievajová, Milan Žák. Bratislava : Vydavateľstvo EKONÓM, 2020. 107 s. [6,55 AH]. VEGA 1/0716/19. ISBN 978-80-225-4765-9.

Hudcovský, M., Lábaj, M., & Morvay, K. (2017). Employment growth and labour elasticity in V4 countries: Structural decomposition analysis. Prague Economic Papers. https://doi.org/10.18267/j.pep.623

Crespo Cuaresma, J., Lábaj, M., & Pružinský, P. (2014). Prospective ageing and economic growth in Europe. Journal of the Economics of Ageing, Vol 3, 50-57. https://doi.org/10.1016/j.jeoa.2014.05.003

Lábaj, M., Luptáčik, M., & Nežinský, E. (2014). Data envelopment analysis for measuring economic growth in terms of welfare beyond GDP. Empirica: : Journal of European Economics, Vol 41, 407-424 https://doi.org/10.1007/s10663-014-9262-2

Crespo Cuaresma, J., Havettová, M., & Lábaj, M. (2013). Income convergence prospects in Europe: Assessing the role of human capital dynamics. Economic Systems, 37(4), 493–507. https://doi.org/10.1016/j.ecosys.2013.02.004

LÁBAJ, Martin. Štrukturálne aspekty ekonomického rozvoja : slovenská ekonomika v globálnych súvislostiach. Recenzenti Milan Šikula, Menbere Workie Tiruneh. 1. vyd. Bratislava : Vydavateľstvo EKONÓM, 2014. 167 s.

Industrial Economics

As the name indicates, Industrial Economics is an area of economics which examines impacts of targeted economic policy interventions as well as random effects of the economic environment on the behavior of firms and industries. A common feature of these industries is that that the firms of these industries operate in imperfectly competitive markets, which results in intriguing strategic interactions.

At the department, the industrial economic research focuses primarily on small and local markets, which were or still are regulated to an extent. Prime examples include health market professions, retail pharmacies and selected services provided by local specialists. We are particularly interested in the possibility of entries of new players into these markets and intensity of competition.

Selected articles and studies:

Lábaj, M., Silanič, P., Weiss, C., & Yontcheva, B. (2018). Market structure and competition in the healthcare industry: Results from a transition economy. European Journal of Health Economics. https://doi.org/10.1007/s10198-018-0959-1

Lábaj, M., Morvay, K., Silanič, P., Weiss, C., & Yontcheva, B. (2018). Market structure and competition in transition: results from a spatial analysis. Applied Economics. https://doi.org/10.1080/00036846.2017.1374535

DUJAVA, Daniel - KALIŠ, Richard. How Transport Policy Shapes Commuting Patterns: The Case of the Bratislava Sub-Urban Area. - Registrovaný: Scopus, Registrovaný: Web of Science. In Case Studies on Transport Policy. - Amsterdam : ELSEVIER. ISSN 2213-624X, 2021, vol. 9, no. 2, pp. 567-577 online. CZ.02.1.01/0.0/0.0/16_026/000843.

Applied Research:

Selected articles and studies:

BLAŽO, Ondrej - DUJAVA, Daniel - HUDCOVSKÝ, Martin - JANKOVIČ, Patrik - KALINA, Tomas - KALIŠ, Richard - LÁBAJ, Martin - LUKÁČKA, Peter - LUPTÁČIK, Mikuláš - MORVAY, Karol. Štúdia realizovateľnosti zriadenia národného dopravcu vo vnútrozemskej vodnej doprave v podmienkach Slovenskej republiky. Recenzenti: Jozef Moravčík, Silvia Csöböková. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM, 2019. 111 s.

BLAŽO, Ondrej - HUDCOVSKÝ, Martin - JURKOVIČ, Martin - KALINA, Tomas - MORVAY, Karol. Komplexná analýza využitia vodnej dopravy pre iné odvetvia hospodárstva. Recenzenti: Viera Bartošová, Jarmila Sosedová. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM, 2020. CD-ROM 190 s. [13 AH]. 681/D330/2019. ISBN 978-80-225-4746-8.

BLAŽO, Ondrej - HUDCOVSKÝ, Martin - JANKOVIČ, Patrik - KALIŠ, Richard - KOLLÁROVÁ, Zuzana - LÁBAJ, Martin - LUKÁČKA, Peter - LUPTÁČIK, Mikuláš - MORVAY, Karol - ZÁBRANSKÝ, Radek. Analýza zriadenia národného leteckého dopravcu. Recenzenti: Mário Németh, Peter Pšenica. 1. vydanie. Bratislava : Vydavateľstvo EKONÓM, 2019. 109 s. [6,78 AH]. ISBN 978-80-225-4699-7.

LUPTÁČIK, Mikuláš - LÁBAJ, Martin - MAJZLÍKOVÁ, Erika - MARTIŠKOVÁ, Monika - ŠVARDOVÁ, Viktória - JANKOVIČ, Patrik - VITÁLOŠ, Matej. Hospodárske a sociálne dopady Priemyslu 4.0. 1. vydanie. Bratislava : VEDA, vydavateľstvo Slovenskej akadémie vied, 2021. 157 s.

Kališ, R., Lábaj, M., Luptáčik, M., Morvay, K., & Stracová, E. (2018). Development trends and the importance of paper industry for the Slovak economy. Ekonomicky Casopis. http://www.scopus.com/inward/record.url?eid=2-s2.0-85055529174&partnerID=MN8TOARS

Where you can find us: 4th floor, block B (old building)

Phone: +421 2 6729 1440

Management of the Department

Management of the Department

LÁBAJ, Martin, Assoc. Prof. Dipl. Ing., PhD.

Head of the Department

Associate Professor

4B.21 +421 2 6729 1440

Short bio:

Martin Lábaj is Professor and Head of the Department of Economic Policy at the Faculty of Economics and Finance. His research areas are development economics, economic policy, structural change, industrial organization and labor market implications of new technologies. He teaches primarily Development Economics for Bachelor students, Applied Econometrics: Policy Evaluation for Master students, and Advanced Topics in Econometrics for PhD students. In the last 10 years, he has co-authored more than a dozen articles published in refereed journals. He has published in journals such as the Cambridge Journal of Economics, Economics Letters, Economic Systems, Applied Economics, European Journal of Health Economics, Empirica, and Journal of the Economics of Ageing. He was the Principal Investigator of the MIT Slovakia Seed Fund project Labor Market Implications of Automation in the United States and the EU (co-led by Daron Acemoglu), which established a new research collaboration between the MIT faculty and the Department of Economic Policy in this area of research.

Short bio: