Template-Type: ReDIF-Article 1.0

Author-Name: Stefan Kovacs
Author-Workplace-Name: Budapest University of Technology and Economics
Author-Email: kovacs.stefan@gtk.bme.hu
Author-Person:

Author-Name: Andras Nemeslaki
Author-Workplace-Name: Budapest University of Technology and Economics
Author-Email: nemeslaki.andras@gtk.bme.hu
Author-Person: pne342

Title: Innovation-Driven Enterprises in Hungary: Empirical Results at First Sight

Abstract: This study examines the issue of the middle-income trap in the Hungarian economy
and the possibilities for escaping it, given the end of the period of extensive
growth and the need for a new growth model. Innovative companies, especially
SMEs, have a key role to play in this transformation, as they can differentiate
themselves in the market and achieve international success. Our research analyses
business capabilities that contribute to gazelle-like growth and export market
competitiveness. Adapting the experience gained from the MIT REAP programme to
the Hungarian context, we examine the importance and characteristics of Hungarian
innovation-driven enterprises. The study highlights the importance of developing
financial, technological and human resources, and the need to create a favourable
market and regulatory environment. To increase the number of HIDE enterprises
and promote sustainable economic growth in Hungary, it is crucial to understand
their operation and impact in more depth, which necessitates further research.

Classification-JEL: O00, O30
Keywords: innovation, HIDE companies, skills, resources
Pages: 43-70
Volume: 23
Issue: 3
Year: 2024
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-3-st2-kovacs-nemeslaki.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:3:p:43-70