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Max-Planck-Institut für Ökonomik, Jena >
Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik >
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http://hdl.handle.net/10419/24893
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| Title: | | Could the Irish miracle be repeated in Hungary?  |
| 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 GEM Economic Development Entrepreneurs Foreign Direct Investment Knowledge Spillovers Ireland Hungary |
| JEL: | | M13 F23 O10 O30 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik
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