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Could the Irish miracle be Repeated in Hungary?

Acs, Zoltan J., O’Gorman, Colm, Szerb, László and Terjesen, Siri (2007) Could the Irish miracle be Repeated in Hungary? Small Business Economics, 28 (2-3). pp. 123-142. ISSN 0921-898X

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Identification Number: 10.1007/s11187-006-9027-9


It is widely recognized that Foreign Direct Investment (FDI) plays an important role in economic development. However, its impact on entrepreneurial activity has not been well researched. Internalization theory is used to explore how inward FDI impacts entrepreneurial activity. Using data from Global Entrepreneurship Monitor (GEM), we find significant differences in entrepreneurial activity between Ireland and Hungary in both the type of people starting businesses and the opportunities pursued. Economic development policies should focus on increasing human capital, promoting enterprise development, and upgrading the quality of FDI.

Item Type: Article
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Additional Information: © 2007 Springer
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries
Date Deposited: 14 Apr 2014 07:54
Last Modified: 01 Jul 2024 19:45

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