Spatial Distribution of Hungarian Innovation-Driven Enterprises

Mihaly Szoboszlai ()
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Mihaly Szoboszlai: Magyar Nemzeti Bank, University of Pecs

Financial and Economic Review, 2024, vol. 23, issue 3, 18-42

Abstract: The Magyar Nemzeti Bank's 2023 Growth Report identified 1,100 innovation-driven enterprises that demonstrated exceptional growth in the 2010s. These enterprises not only exhibited rapid expansion, but they also engaged in significant innovation during the previous business cycle. According to the descriptive findings of the report, these firms are mostly located in the capital and in counties where there are universities with multiple faculties. This study investigates whether the concentration in the capital city is a unique phenomenon considering the firm demographic characteristics of the counties. The prevalence of innovation-driven enterprises did not significantly differ in six counties compared to Budapest, when considering the scope of activity, size, ownership structure and age of these firms. These counties were Baranya, Csongrad-Csanad, Fejer, Hajdu-Bihar, Heves and Szabolcs-Szatmar- Bereg.

Keywords: innovation; growth; firm-level data; regression analysis (search for similar items in EconPapers)
JEL-codes: C21 O12 O39 O49 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:23:y:2024:i:3:p:18-42

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