Cohesion and/or Growth? – Regional Dimensions of Convergence and Growth in Hungary

Andrea Elekes

Public Finance Quarterly, 2011, vol. 56, issue 1, 108-124

Abstract: Convergence and territorially balanced economic growth require faster economic growth in weaker regions. It is dif-ficult to decide what measures would strengthen the growth capacity of regions most. Following a brief review of growth the-ories and the growth and catch-up performance of the Hungarian economy, the study focuses on the differences in develop-ment across regions in Hungary. Both the analysis of available statistical data and the calculations in connection with the catch-up rate show that the Hungarian regional development is strongly differentiated, and the so-called centre–periphery relationship can clearly be identified. Growth factors (e.g. human capital and R&D investment, innovation) should be enhanced simultaneously. Cohesion policy can complement and support growth objectives in many areas. Moreover, through the coordination of the innovation and cohesion policies even the trade-off problem between efficiency and convergence may be reduced.

Keywords: regional convergence; growth; cohesion; crisis (search for similar items in EconPapers)
JEL-codes: F43 R11 R12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pfq:journl:v:56:y:2011:i:1:p:108-124

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