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Quality-related regional differences in entrepreneurship based on the GEDI methodology: The case of Hungary

Author

Listed:
  • Éva Komlósi

    (University of Pécs, MTA-PTE Innovation and Economic Growth Research Group, Pécs, Hungary)

  • László Szerb

    (University of Pécs, Faculty of Business and Economics and MTA-PTE Innovation and Economic Growth Research Group, Department of Management Science, Pécs, Hungary)

  • Zoltán J. Ács

    (London School of Economics and Political Science, Department of Management)

  • Raquel Ortega-Argilés

    (University of Groningen, Faculty of Economics and Business, Groningen, The Netherlands)

Abstract

This paper presents a regional application of the Global Entrepreneurship and Development Index (GEDI) methodology of Acs et al. (2013) to examine the level of entrepreneurship across Hungary’s seven NUTS-2 level regions between 2006 and 2012. The Regional Entrepreneurship and Development Index (REDI) has been constructed for capturing the individual efforts, and their contextual features, of entrepreneurship across regions. The REDI method builds on a Systems of Entrepreneurship Theory and provides a way to profile Regional Systems of Entrepreneurship. Important aspects of the REDI method include the Penalty for Bottleneck analysis, which helps in identifying constraining factors in Regional Systems of Entrepreneurship, and Policy Portfolio Optimisation analysis, which helps policymakers consider trade-offs between alternative policy scenarios and associated allocations of policy resources. The paper describes the entrepreneurial disparities amongst Hungarian regions and provides public policy suggestions to improve the level of entrepreneurship and to optimise resource allocation over the 14 pillars of entrepreneurship in the seven Hungarian regions.

Suggested Citation

  • Éva Komlósi & László Szerb & Zoltán J. Ács & Raquel Ortega-Argilés, 2015. "Quality-related regional differences in entrepreneurship based on the GEDI methodology: The case of Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(3), pages 455-477, September.
  • Handle: RePEc:aka:aoecon:v:65:y:2015:i:3:p:455-477
    Note: The research underlying this study was supported by the MTA-PTE Innovation and Economic Growth research group, project number 14121, for which we are grateful.
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    Citations

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    Cited by:

    1. Erdős, Katalin, 2019. "Egyetemi vállalkozások Magyarországon - újragondolva? [University spin-off in Hungary - Rethought?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 305-329.
    2. Franz Huber & Alan Ponce & Francesco Rentocchini & Thomas Wainwright, 2020. "The Wealth of (Open Data) Nations? Examining the Interplay of Open Government Data and Country-level Institutions for Entrepreneurial Activity at the Country-level," SPRU Working Paper Series 2020-13, SPRU - Science Policy Research Unit, University of Sussex Business School.
    3. Szerb, László & Varga, Attila & Sebestyén, Tamás & Szabó, Norbert, 2019. "A vállalkozás szerepe a gazdasági növekedésben Magyarországon [The role of entrepreneurship in Hungarys economic growth]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 607-634.

    More about this item

    Keywords

    entrepreneurship; regional development; entrepreneurship policy; GEM; GEDI; Hungary;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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