Quality-related regional differences in entrepreneurship based on the GEDI methodology: The case of Hungary

Éva Komlósi (), László Szerb, Zoltan Acs and Raquel Ortega-Argiles
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Éva Komlósi: University of Pécs, MTA-PTE Innovation and Economic Growth Research Group, Pécs, Hungary

Acta Oeconomica, 2015, vol. 65, issue 3, 455-477

Abstract: This paper presents a regional application of the Global Entrepreneurship and Development Index (GEDI) methodology of Acs et al. (2013) to examine the level of entrepreneurship across Hungary’s seven NUTS-2 level regions between 2006 and 2012. The Regional Entrepreneurship and Development Index (REDI) has been constructed for capturing the individual efforts, and their contextual features, of entrepreneurship across regions. The REDI method builds on a Systems of Entrepreneurship Theory and provides a way to profile Regional Systems of Entrepreneurship. Important aspects of the REDI method include the Penalty for Bottleneck analysis, which helps in identifying constraining factors in Regional Systems of Entrepreneurship, and Policy Portfolio Optimisation analysis, which helps policymakers consider trade-offs between alternative policy scenarios and associated allocations of policy resources. The paper describes the entrepreneurial disparities amongst Hungarian regions and provides public policy suggestions to improve the level of entrepreneurship and to optimise resource allocation over the 14 pillars of entrepreneurship in the seven Hungarian regions.

Keywords: entrepreneurship; regional development; entrepreneurship policy; GEM; GEDI; Hungary (search for similar items in EconPapers)
JEL-codes: L26 O21 O43 (search for similar items in EconPapers)
Date: 2015
Note: The research underlying this study was supported by the MTA-PTE Innovation and Economic Growth research group, project number 14121, for which we are grateful.
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