New trajectories of the Hun garian regional development: balanced and rush growth of territorial capital

Abstract

The basic assumption of the paper is that numerous similarities exist between the patterns of economic growth and territorial capital growth. The rush economic growth and rush growth of territorial capital are compared empirically at Hungarian micro-regional level from 2004 until 2010. After normalizing the dataset, a very novel spatial econometric method is applied, called a penalty for bottleneck. The results show that the constant rush growth of territorial capital is as harmful as economic recession. On the other hand, the decrease of infrastructural and social capital caused the rush growth of territorial capital in this period. Moreover, the key findings of two case studies suggest that the balanced growth of territorial capital will be created by the falling social inequalities and increasing infrastructural capital.

The economic development of regions in Ukraine: with tests on the territorial capital approach

“…In another Hungarian paper, Jóna (2015b) took into consideration the peculiarities of the rapid growth of territorial capital and its influence on the state of the economy of Hungarian micro-regions during the period from 2004 until 2010. By applying spatial econometrics, the author found that the rapid increase of territorial capital causes negative changes at the country's regional level.…”

Territorial dimensions and effects of the coopetitive networks of SMEs

“…A területitőke-koncepción alapuló vizsgálatok szerint a magyarországi lokális gazdasági fejlődés kulcsfontosságú tényezői közül ki kell emelni a kis-és középvállalkozá-sok (kkv-k) 1 együttműködését, illetve hálózatosodását, továbbá azt, hogy a regionális növekedés forrásainak rangsorában az endogén kapacitások előrébb állnak, mint az exogén források (Jóna 2015a, 2015b, Stimson-Stough-Nijkamp 2011, Stimson 2014. A globális-lokális paradoxon szerint egyre fontosabb az endogén tényezők felismerése…”