Industry Cluster and Regional Economic Growth: Evidence from Hungary

Balázs Lengyel, Ichiro Iwasaki and Miklós Szanyi

Hitotsubashi Journal of Economics, 2010, vol. 51, issue 2, 93-112

Abstract: Using census-type data of Hungarian firms, we test major hypotheses of spatial economic theories focusing on the impact of industrial and market concentrations on regional economic growth. Our empirical evidence confirms that both industrial and market concentrations have a significant positive impact on production growth. This finding strongly supports the Marshall- Arrow-Romer model of local knowledge externalities, suggesting that investment-driven regional development prevails in Hungary.

Keywords: Industry Cluster; Regional Growth; Knowledge Externalities; Hungary (search for similar items in EconPapers)
JEL-codes: J61 L16 O18 O47 P25 R11 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/18777/HJeco0510200930.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:51:y:2010:i:2:p:93-112

DOI: 10.15057/18777

Access Statistics for this article

More articles in Hitotsubashi Journal of Economics from Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().