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Title:Could the Irish miracle be repeated in Hungary? PDF Logo
Authors:Ács, Zoltán J.
O'Gorman, Colm
Szerb, László
Terjesen, Siri
Issue Date:2005
Series/Report no.:Papers on entrepreneurship, growth and public policy 3305
Abstract:It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity. Using data from the Global Entrepreneurship Monitor we find significant differences in entrepreneurial activity between Ireland and Hungary in both the type of people starting businesses and the opportunities pursued. These results suggest that economic development policies for middle-income countries, like Hungary, should focus on increasing human capital, promote enterprise development, and upgrading the quality of FDI.
Subjects:Entrepreneurial Activity
Economic Development
Foreign Direct Investment
Knowledge Spillovers
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Document Type:Working Paper
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, Max-Planck-Institut für Ökonomik

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