Could The Irish Miracle Be Repeated in Hungary?

Zoltan Acs, Colm O'Gorman, László Szerb and Siri Terjesen

Papers on Entrepreneurship, Growth and Public Policy from Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group

Abstract: It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity. Using data from the Global Entrepreneurship Monitor we find significant differences in entrepreneurial activity between Ireland and Hungary in both the type of people starting businesses and the opportunities pursued. These results suggest that economic development policies for middle-income countries, like Hungary, should focus on increasing human capital, promote enterprise development, and upgrading the quality of FDI.

Keywords: Entrepreneurial Activity; GEM; Economic Development; Entrepreneurs; Foreign Direct Investment; Knowledge Spillovers; Ireland; Hungary (search for similar items in EconPapers)
JEL-codes: F23 M13 O10 O30 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2006-08
New Economics Papers: this item is included in nep-ent, nep-fdg and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Chapter: Could the Irish Miracle be Repeated in Hungary? (2015)
Journal Article: Could the Irish Miracle be Repeated in Hungary? (2007)
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