EconPapers    
Economics at your fingertips  
 

The Evolution of Trust in Central Banks during the Covid Crisis

Laszlo Bodis and Adam Kiss ()
Additional contact information
Laszlo Bodis: Ministry of Culture and Innovation, Hungarian Innovation Agency
Adam Kiss: National Research, Development and Innovation Office

Financial and Economic Review, 2025, vol. 24, issue 1, 101-131

Abstract: Productivity is significantly higher in countries that consistently spend at least 3 per cent of GDP on R&D, irrespective of economic cycles. Increasing productivity is necessary to boost the competitiveness of the economy and accordingly, significant growth in domestic R&D expenditure is essential. The challenges of the Hungarian RDI ecosystem have been properly identified, and the policy actions of recent years have put in place a strategic, institutional and funding framework to achieve these goals. In the long term, the objective is to create an ecosystem that is self-sustaining on a market basis, but where the state assumes a key role in designing the regulatory environment and the funding and supporting instruments. By systematically implementing the strategy outlined in this article, Hungary may be able to boost its economic performance through innovative, Hungarian-owned firms capable of producing high value-added products.

Keywords: RDI ecosystem; innovation by SMEs; economic competitiveness; value added; public incentives to promote innovation (search for similar items in EconPapers)
JEL-codes: O30 O38 O40 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-24-1-ove1-bodis-kiss.pdf (application/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:mnb:finrev:v:24:y:2025:i:1:p:101-131

Access Statistics for this article

More articles in Financial and Economic Review from Magyar Nemzeti Bank (Central Bank of Hungary) Contact information at EDIRC.
Bibliographic data for series maintained by Morvay Endre ( this e-mail address is bad, please contact ).

 
Page updated 2025-04-02
Handle: RePEc:mnb:finrev:v:24:y:2025:i:1:p:101-131