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Analysis of Local Economic Development Capacity in Hungarian Rural Settlements

Author

Listed:
  • Ritter Krisztián

    (Institute for Regional Economics and Rural Development, Faculty for Economic and Social Sciences, Szent István University, Gödöllő)

  • Nagy Henrietta

    (Institute for Regional Economics and Rural Development, Faculty for Economic and Social Sciences, Szent István University, Gödöllő)

Abstract

Besides local economic development (LED) theories, especially LED practices have a growing importance nowadays. By a primary research involving more than 400 actors (local governments, local entrepreneurs, local agencies), the necessary competencies, practical experiences, and the field of further skills and extension concerning cooperation in economic development of localities were analysed. Summing up the research results, both local governments and local entrepreneurs have certain lack of competence that has to be improved, while the need of this exercise (and LED as a whole) for an appropriate financial background and a national strategy/policy is well-emphasized by the answers of the actors.

Suggested Citation

  • Ritter Krisztián & Nagy Henrietta, 2017. "Analysis of Local Economic Development Capacity in Hungarian Rural Settlements," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 5(1), pages 57-70.
    • Handle: RePEc:vrs:auseab:v:5:y:2017:i:1:p:57-70:n:1004
    DOI: 10.1515/auseb-2017-0004
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    More about this item

    Keywords

    innovation; local economic development; rural areas; rural economy;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General

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