Template-Type: ReDIF-Article 1.0

Author-Name: Mihaly Szoboszlai
Author-Workplace-Name: Magyar Nemzeti Bank, University of Pecs
Author-Email: szoboszlaim@mnb.hu
Author-Person:  

Title: Spatial Distribution of Hungarian Innovation-Driven Enterprises

Abstract: The Magyar Nemzeti Bank's 2023 Growth Report identified 1,100 innovation-driven
enterprises that demonstrated exceptional growth in the 2010s. These enterprises
not only exhibited rapid expansion, but they also engaged in significant innovation
during the previous business cycle. According to the descriptive findings of the
report, these firms are mostly located in the capital and in counties where there are
universities with multiple faculties. This study investigates whether the concentration
in the capital city is a unique phenomenon considering the firm demographic
characteristics of the counties. The prevalence of innovation-driven enterprises did
not significantly differ in six counties compared to Budapest, when considering the
scope of activity, size, ownership structure and age of these firms. These counties
were Baranya, Csongrad-Csanad, Fejer, Hajdu-Bihar, Heves and Szabolcs-Szatmar-
Bereg.

Classification-JEL: C21, O12, O39, O49
Keywords: innovation, growth, firm-level data, regression analysis
Pages: 18-42
Volume: 23
Issue: 3
Year: 2024
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-3-st1-szoboszlai.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:3:p:18-42