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- Title
A magyar gazdasági növekedés térbeli korlátai - helyzetkép és alapvető dilemmák.
- Authors
Lengyel, Imre; Varga, Attila
- Abstract
A range of excellent studies address macroeconomic (monetary, fiscal, economic policy, etc.) issues of Hungarian economic growth, but the authors find too little heed paid to the relevant spatiality of economic growth. The paper reviews how counties/ county groups contributed to Hungary's economic growth between 2000 and 2016, which strengthened or reduced it, and to what extent. One finding is that Budapest and its conurbation, prime generators of economic growth in 2000‒2007, have clearly curbed it since 2010, also lagging increasingly behind capital cities of several post-socialist EU member-states (including Bucharest). The data outline a spatial paradox: the key factors of economic growth - qualified workforce, R & D - are increasingly concentrated in the capital region, yet economic growth there has almost stagnated and labour productivity declined. Today four or five counties show an increase in manufacturing FDI, while others, including ones with major universities, have improved national output only modestly despite large injections of EU development resources. Controversies on these raise both theoretical dilemmas and questions of economic policy. In the authors' view, if features of spatial operation of the Hungarian economy are disregarded by analysts and policy-makers, its economic growth will remain moderate and vulnerable despite its potential.
- Publication
Economic Review / Kozgazdasagi Szemle, 2018, Vol 65, p499
- ISSN
0023-4346
- Publication type
Article
- DOI
10.18414/KSZ.2018.5.499