New trajectories of the Hungarian regional development: balanced and rush growth of territorial capital

György Jóna

MPRA Paper from University Library of Munich, Germany

Abstract: The basic assumption of the paper is that numerous similarities exist between the patterns of economic growth and territorial capital growth. The rush economic growth and rush growth of territorial capital are compared empirically at Hungarian micro-regional level from 2004 until 2010. After normalizing the dataset, a very novel spatial econometric method is applied, called a penalty for bottleneck. The results show that the constant rush growth of territorial capital is as harmful as economic recession. On the other hand, the decrease of infrastructural and social capital caused the rush growth of territorial capital in this period. Moreover, the key findings of two case studies suggest that the balanced growth of territorial capital will be created by the falling social inequalities and increasing infrastructural capital.

Keywords: territorial capital; rush growth; balanced development; endogenous assets (search for similar items in EconPapers)
JEL-codes: R00 R10 R11 R12 R13 (search for similar items in EconPapers)
Date: 2015-06
New Economics Papers: this item is included in nep-fdg, nep-geo, nep-gro and nep-ure
References: View references in EconPapers View complete reference list from CitEc
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Published in Regional Statistics 1.5(2015): pp. 121-136

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:73951

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