IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/73951.html
   My bibliography  Save this paper

New trajectories of the Hungarian regional development: balanced and rush growth of territorial capital

Author

Listed:
  • Jóna, György

Abstract

The basic assumption of the paper is that numerous similarities exist between the patterns of economic growth and territorial capital growth. The rush economic growth and rush growth of territorial capital are compared empirically at Hungarian micro-regional level from 2004 until 2010. After normalizing the dataset, a very novel spatial econometric method is applied, called a penalty for bottleneck. The results show that the constant rush growth of territorial capital is as harmful as economic recession. On the other hand, the decrease of infrastructural and social capital caused the rush growth of territorial capital in this period. Moreover, the key findings of two case studies suggest that the balanced growth of territorial capital will be created by the falling social inequalities and increasing infrastructural capital.

Suggested Citation

  • Jóna, György, 2015. "New trajectories of the Hungarian regional development: balanced and rush growth of territorial capital," MPRA Paper 73951, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:73951
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/73951/1/MPRA_paper_73951.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Karima Kourtit & Peter Nijkamp & Robert Stimson (ed.), 2014. "Applied Regional Growth and Innovation Models," Advances in Spatial Science, Springer, edition 127, number 978-3-642-37819-5, February.
    2. Patricio Aroca & Robert Stimson & Roger Stough, 2014. "Using a Structural Equation Model to Analyze Potential Determinants of Spatial Variations in Endogenous Regional Growth Performance," Advances in Spatial Science, in: Karima Kourtit & Peter Nijkamp & Robert Stimson (ed.), Applied Regional Growth and Innovation Models, edition 127, chapter 0, pages 335-360, Springer.
    3. Giovanni Perucca, 2014. "The Role of Territorial Capital in Local Economic Growth: Evidence from Italy," European Planning Studies, Taylor & Francis Journals, vol. 22(3), pages 537-562, March.
    4. Börje Johansson & Charlie Karlsson & Roger R. Stough (ed.), 2001. "Theories of Endogenous Regional Growth," Advances in Spatial Science, Springer, number 978-3-642-59570-7, February.
    5. Roberto Camagni & Roberta Capello, 2015. "Second-Rank City Dynamics: Theoretical Interpretations Behind Their Growth Potentials," European Planning Studies, Taylor & Francis Journals, vol. 23(6), pages 1041-1053, June.
    6. Kornai, Janos & Simonovits, Andras, 1977. "Decentralized control problems in neumann-economies," Journal of Economic Theory, Elsevier, vol. 14(1), pages 44-67, February.
    7. Roberta Capello, 2007. "A forecasting territorial model of regional growth: the MASST model," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(4), pages 753-787, December.
    8. Robert Stimson & Roger R. Stough & Maria Salazar, 2009. "Leadership and Institutions in Regional Endogenous Development," Books, Edward Elgar Publishing, number 13246.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert Stimson & Roger Stough & Peter Nijkamp, 2011. "Endogenous Regional Development," Chapters, in: Robert Stimson & Roger R. Stough & Peter Nijkamp (ed.), Endogenous Regional Development, chapter 1, Edward Elgar Publishing.
    2. James R. Wilson & Mari Jose Aranguren & Mikel Navarro, 2015. "From Plan to Process: Exploring the Leadership Implications of RIS3," Working Papers 2015R01, Orkestra - Basque Institute of Competitiveness.
    3. Robert Huggins, 2016. "Capital, institutions and urban growth systems," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(2), pages 443-463.
    4. Imre Lengyel, 2011. "Types of competitiveness of Hungarian regions: agglomeration economies and endogenous regional development," ERSA conference papers ersa11p674, European Regional Science Association.
    5. Jesús María Valdaliso, 2015. "Pertenencia a clústeres y comportamiento competitivo de las empresas: un estudio de seis asociaciones-clúster en el País Vasco," Working Papers 2015R02, Orkestra - Basque Institute of Competitiveness.
    6. Roberta Capello & Andrea Caragliu, 2021. "Regional growth and disparities in a post‐COVID Europe: A new normality scenario," Journal of Regional Science, Wiley Blackwell, vol. 61(4), pages 710-727, September.
    7. Ugo Fratesi & Giovanni Perucca, 2018. "Territorial capital and the resilience of European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 241-264, March.
    8. Rosella Nicolini, 2003. "Local Networks and Regional Development: Features and Perspectives," Environment and Planning A, , vol. 35(2), pages 341-360, February.
    9. Minakir, P. & Prokapalo, O., 2018. "Far East Priority: Combinations of Investment and Institutes," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 146-155.
    10. Zietz, Joachim A. & Penn, David A., 2008. "An Unobserved Components Forecasting Model of Non-Farm Employment for the Nashville MSA," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(1), pages 1-10.
    11. Fabio Mazzola & Iolanda Cascio & Rosalia Epifanio & Giuseppe Giacomo, 2018. "Territorial capital and growth over the Great Recession: a local analysis for Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 411-441, March.
    12. AndrÁ Simonovits, 1999. "Linear Decentralized Control with Expectations," Economic Systems Research, Taylor & Francis Journals, vol. 11(3), pages 321-330.
    13. Robert J. Stimson, 2014. "Proximity and endogenous regional development," Chapters, in: André Torre & Frédéric Wallet (ed.), Regional Development and Proximity Relations, chapter 1, pages 47-93, Edward Elgar Publishing.
    14. Kronthaler, Franz, 2003. "A Study of the Competitiveness of Regions based on a Cluster Analysis: The Example of East Germany," IWH Discussion Papers 179/2003, Halle Institute for Economic Research (IWH).
    15. Wolfgang Polasek & Richard Sellner, 2013. "The Does Globalization Affect Regional Growth? Evidence for NUTS-2 Regions in EU-27," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 23-65, March.
    16. Albers, Hans-Hermann & Suwala, Lech, 2021. "Place leadership and corporate spatial responsibilities," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 108-130.
    17. Peter Nijkamp & Robert Stimson & Patricia Van Hemert, 2010. "Human Capital As Knowledge Resource For Regional Development," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(5), pages 491-493, December.
    18. Urban Gråsjö, 2009. "Accessibility to R&D and Patent Production," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Innovation, Agglomeration and Regional Competition, chapter 10, Edward Elgar Publishing.
    19. Martin Petrick, 2013. "Reversing the rural race to the bottom: an evolutionary model of neo-endogenous rural development," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 40(4), pages 707-735, September.
    20. Karlsson, Charlie & Johansson, Börje, 2006. "Regional Development and Knowledge," Working Paper Series in Economics and Institutions of Innovation 76, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

    More about this item

    Keywords

    territorial capital; rush growth; balanced development; endogenous assets;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:73951. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.