IDEAS home Printed from https://ideas.repec.org/a/mic/tmpjrn/v13y2017i01p69-84.html
   My bibliography  Save this article

To What Extent is Hungary a Knowledge-Based Economy?

Author

Listed:
  • György Boda

    (Corvinus University of Budapest)

Abstract

While we can generally see a decline of the share of industry, parallel to this trend the Visegrad countries are taking over more industrial production (mainly assembly). This will reduce the requirements for innovative knowledge workers. This “over-industrialisation” has led to a dual economy, in which domestic companies compete by utilising the comparative advantages of a cheaper labour force. In fact, products whose comparative advantages do not decrease as the development gap narrows are needed for sustainable economic development. If we continue to hinder the development of non-material services this way, then by decreasing innovative capacities we shall get deeper into the trap of dependent market economies.

Suggested Citation

  • György Boda, 2017. "To What Extent is Hungary a Knowledge-Based Economy?," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 13(01), pages 69-84.
    • Handle: RePEc:mic:tmpjrn:v:13:y:2017:i:01:p:69-84
    as

    Download full text from publisher

    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2017/01/TMP_2017_01_06_69_84.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Csukás Máté Szilárd & Roland Z. Szabó, 2018. "Factors Hindering Smart City Developments in Medium-Sized Cities," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 14(01), pages 3-14.
    2. Révész, Tamás & Boda, György & Losonci, Dávid & Fülöp, Zoltán, 2019. "A növekedési ütem és a foglalkoztatás növelésének lehetőségeiről [The chances of enhancing growth rate and employment]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 376-417.

    More about this item

    Keywords

    knowledge content; realisation of comparative advantages; upgrading the factors of production; knowledge capital; dependent market economies;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mic:tmpjrn:v:13:y:2017:i:01:p:69-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/vgtmihu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.