EconPapers    
Economics at your fingertips  
 

PARALEL AND MULTILAYER ECONOMIC DUALITIES: AN EXAMPLE FROM HUNGARY

Peter Juhasz and Laszlo Reszegi
Additional contact information
Laszlo Reszegi: Corvinus University of Budapest

UTMS Journal of Economics, 2017, vol. 8, issue 1, 1-10

Abstract: Dualities in an economy may emerge for various reasons, but the general stereotype of high-tech foreign firms at odds with underdeveloped local ones seems to be an oversimplification of the problem. Building on a sample of more than 4,600 Hungarian firms, this paper investigates the parallel existence of various economic dualities. The novelty of this paper is that it concludes that not only several different dualities can be identified, but also that several layers of duality exist. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and wage level. This phenomenon makes one-size-fits-all business support programs obsolete; instead it points to the need for tailor-made development frameworks for the various subgroups of companies to aid in their catching-up to Western economies. The highly differentiated picture of companies detailed in this paper should also help economic decision makers to promote investments that truly decrease the lag between the Central and East European countries and Western countries.

Keywords: competitiveness; efficiency; development; ownership; firm (search for similar items in EconPapers)
JEL-codes: G32 L53 M21 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://utmsjoe.mk/files/Vol.%208%20No.%201/UTMSJOE ... 1-Juhasz-Reszegi.pdf Full text (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:ris:utmsje:0193

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Zoran Ivanovic, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Zoran Ivanovic, PhD ().

 
Page updated 2019-10-06
Handle: RePEc:ris:utmsje:0193