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Spatial Distribution of Hungarian Innovation-Driven Enterprises

Author

Listed:
  • Mihaly Szoboszlai

    (Magyar Nemzeti Bank, University of Pecs)

Abstract

The Magyar Nemzeti Bank's 2023 Growth Report identified 1,100 innovation-driven enterprises that demonstrated exceptional growth in the 2010s. These enterprises not only exhibited rapid expansion, but they also engaged in significant innovation during the previous business cycle. According to the descriptive findings of the report, these firms are mostly located in the capital and in counties where there are universities with multiple faculties. This study investigates whether the concentration in the capital city is a unique phenomenon considering the firm demographic characteristics of the counties. The prevalence of innovation-driven enterprises did not significantly differ in six counties compared to Budapest, when considering the scope of activity, size, ownership structure and age of these firms. These counties were Baranya, Csongrad-Csanad, Fejer, Hajdu-Bihar, Heves and Szabolcs-Szatmar- Bereg.

Suggested Citation

  • Mihaly Szoboszlai, 2024. "Spatial Distribution of Hungarian Innovation-Driven Enterprises," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 23(3), pages 18-42.
    • Handle: RePEc:mnb:finrev:v:23:y:2024:i:3:p:18-42
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    File URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-3-st1-szoboszlai.pdf
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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

    innovation; growth; firm-level data; regression analysis;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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