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- Title
Az állami támogatások új csodafegyvere? IPCEI-k Európában és Magyarországon.
- Authors
ÉVA, VOSZKA
- Abstract
Industrial policy, including one of its key instruments, state aid, is experiencing a renaissance worldwide. As international competition between regions to increase state aid for companies intensifies in the early 2020s, the European Union is also trying new approaches, one of which is the funding of Important Projects of Common European Interest (IPCEI). The still incomplete dataset shows a strong concentration of this subsidy at both country and company level. This is why it is important to investigate what Hungary's chances are of getting involved. After presenting and critically assessing the scheme, the paper explores this, analysing available documents and drawing on the views of the managing authorities, some of the companies and consulting firms involved. The initial experience suggests that, due to the basic features of the scheme and the characteristics of the Hungarian institutional system, IPCEI will not be the main instrument of economic restructuring in the country. Institutional and financial capacity constraints, lack of expertise and experience in many fields, poor coordination between governmental organisations and the various subsidy schemes, the weakness of Hungary's formal and informal lobbying in the European Union, as well as the lack of trust and other specific features of the domestic business culture are all obstacles to the effectiveness not only of IPCEIs but also of other governmental policies.
- Subjects
HUNGARY; GOVERNMENT aid; INTERNATIONAL competition; INDUSTRIAL policy; EUROPEAN Union; TRUST; CONSULTING firms
- Publication
External Economic Bulletin / Külgazdaság, 2024, Vol 68, Issue 7/8, p48
- ISSN
0324-4202
- Publication type
Article
- DOI
10.47630/KULG.2024.68.7-8.48