Could the Irish Miracle be Repeated in Hungary?

Zoltan Acs, Colm O’Gorman (), László Szerb and Siri Terjesen

Small Business Economics, 2007, vol. 28, issue 2, 123-142

Abstract: It is widely recognized that Foreign Direct Investment (FDI) plays an important role in economic development. However, its impact on entrepreneurial activity has not been well researched. Internalization theory is used to explore how inward FDI impacts entrepreneurial activity. Using data from Global Entrepreneurship Monitor (GEM), we find significant differences in entrepreneurial activity between Ireland and Hungary in both the type of people starting businesses and the opportunities pursued. Economic development policies should focus on increasing human capital, promoting enterprise development, and upgrading the quality of FDI. Copyright Springer Science+Business Media, LLC 2007

Keywords: Entrepreneurial activity; economic development; foreign direct investment; knowledge spillovers; Ireland; Hungary; L26; M13; F23; O57 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (43)

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Chapter: Could the Irish Miracle be Repeated in Hungary? (2015)
Working Paper: Could The Irish Miracle Be Repeated in Hungary? (2006)
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DOI: 10.1007/s11187-006-9027-9

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