Az FDI szerepe a gazdasági növekedés és a beruházások területi differenciálódásában Magyarországon

Gál, Zoltán

doi:10.18414/ksz.2019.6.653

Cited by 10 publications

(8 citation statements)

References 54 publications

(32 reference statements)

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“…Empirical analysis does not nd a positive and signi cant correlation between GDP growth and FDI, i.e. FDI in ows have not contributed signi cantly to economic growth in Hungary and the V4 countries in the long run (Mencinger 2007;Gál 2019Gál , 2021. By contrast, domestic savings and other development indicators ( nancial, technological and infrastructure development) are the most important drivers of endogenous growth.…”

Section: Macro-level Perspectivesmentioning

confidence: 99%

“…By contrast, domestic savings and other development indicators ( nancial, technological and infrastructure development) are the most important drivers of endogenous growth. In terms of causality, FDI does not generate faster growth either, although it is concentrated in more developed regions (Gál 2019(Gál , 2021. It can therefore be said that a higher domestic savings ratio is a precondition for domestic investment, growth, prosperity and catchingup.…”

Section: Macro-level Perspectivesmentioning

confidence: 99%

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FDI-based regional development in Central and Eastern Europe: A review and an agenda

Gál

Lux

2022

TéT

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This review article reflects on thirty years of FDI-dependent development in Central and Eastern European regions (with a special emphasis on the Visegrad countries). The modernisation potential of FDI-led European integration is examined from a critical and comparative perspective. The authors argue that the FDI-led “Dependent Market Economy” (DME) model has fallen short of its anticipated modernisation potential, while other, potentially lucrative development alternatives have been neglected. While early-stage benefits were considerable, the development model now faces signs of exhaustion and an increasing number of contradictions. The paper builds on previous original research by the authors, as well as a review of international academic literature to describe the limitations and trade-offs of the DME development model, followed by an overview of three alternate growth paths for the future. In the macro-level perspective, it is argued that long-term catching-up rates across Central and Eastern Europe over 30 years have been limited, and signs of slowdown are increasingly apparent. Likewise, FDI does not seem to contribute significantly to domestic capital accumulation. On the micro-economic and regional levels, limited income effects are coupled with intangible risks and trade-offs. Strengthened socio-economic and territorial disparities ultimately pose problems for both metropolitan core regions and peripheries, while low capital embeddedness and limited spillovers denote weak territorial integration. It I advanced that the DME model may exacerbate future structural crises and exogenous shocks, and finally, that a development model dependent on exogenous capital structures shows curtailed capability to explore, learn, and benefit from beneficial growth opportunities. The paper makes the case that, while the DME model cannot be realistically dismantled in the foreseeable future without considerable risk to the CEE economies, a comprehensive diversification agenda should seek to gradually reduce its risks and foster alternate sources of growth. Embedding foreign capital into local economic networks represents one possible compromise, coupled with growing supplier networks and anchoring value creation in business services as well as innovation and R&D activities. However, alternate sources of development are also to be explored. The new revival of industrial policies in Europe and across the world opens opportunities before previously ‘inconceivable’ state-led development initiatives, including support for the emergence of new national champions. Last but not least, a strengthening domestic SME sector with competitive medium-sized enterprises and locally embedded production networks should serve to strengthen entrepreneurial ecosystems in domestic capital accumulation and value creation. Together, these and similar steps have the capability to shift the balance from the DME model towards a more competitive and resilient “successor model” where the interests of FDI and domestic development can be fruitfully reconciled.

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Section: Macro-level Perspectivesmentioning

confidence: 99%

Section: Macro-level Perspectivesmentioning

confidence: 99%

FDI-based regional development in Central and Eastern Europe: A review and an agenda

Gál

Lux

2022

TéT

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“…A rendszerváltás utáni évtizedekben sokat változott a közvetlentőke-befektések (Foreign Direct Investment -FDI) gazdasági és vállalati hatásairól szóló akadémiai diskurzus Magyarországon (Lendvai et al, 2021;Sass & Szanyi, 2009;Szalavetz, 1999). A megítélés két véglete között -az FDI-bevonás a versenyképesség mércéje (Csáki & Szalavetz, 2004), illetve hosszabb távon az FDI-bevonásnak nincs szignifikáns pozitív hatása (Gál, 2019) -nagyszámú árnyalt elemzés található. Ezek több szinten (makrogazdasági, iparági, vállalati és regionális) és szempontból (például globális értékláncok és feljebb lépés, innovációs gazdaságtan, kapitalizmusváltozatok) és térbeli mintázatok szempontjából közelítenek az FDI témájához (Farkas, 2011;Éltető & Sass, 2021;Lengyel & Varga, 2018;Sass & Szalavetz, 2014;Szalavetz, 2013;Vasvári et al, 2019).…”

Section: Bevezetésunclassified

A posztszovjet térségbe irányuló tőkekivitel – országkockázat az elméletben és a hazai gyakorlatban

Klauda¹

2022

Külgazdaság

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A tanulmány az a hazai vállalatok tőkekivitelének egy kevéssé tárgyalt irányát elemzi: a posztszovjet térségbe, ezen belül az Oroszországba és Ukrajnába irányuló tőkekivitelt. Tizenegy mélyinterjú alapján bemutatja, mit jelent a hazai vállalatok számára az a megállapítás, hogy a posztszovjet térség a jelentős kockázat/átlagon felüli megtérülés kategóriájába tartozik, hogyan nyilvánult meg az országkockázat a gyakorlatban, és hogyan kezelték a vállalkozások ezeket a kockázatokat. A kutatás a közvetlentőke-befektetés különböző aspektusait az eklektikus paradigma és a behaviorista elméletek együttes alkalmazásával vizsgálja. Fő következtetése, hogy a posztszovjet térségben rejlő fokozott kockázatot elsősorban a piac mérete és a konvergenciavárakozások ellensúlyozzák. Az interjúk és az elemzés az Oroszország Ukrajna ellen 2022. február 24-én indított háborúja előtti fél év során készült. Mivel a háború után a két ország súlya és szerepe várhatóan jelentősen meg fog változni az európai kapcsolatrendszerben, a tanulmány egy drasztikus hirtelenséggel véget ért gazdasági-politikai korszak utolsó hónapjainak pillanatképét mutatja be befektetői szemszögből.

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“…The FDI-based economic development policies in East-Central Europe and the strategies of transnational rms seeking cost-e cient production locations close to the main markets of the EU have led during the last decades to the integration of the region into di erent global or regional networks, mainly in the form of locations for industrial production. While the intensity of re-industrialization largely determines economic growth and spatial socioeconomic inequalities outside metropolitan regions, the long-term success of this model, which tends to result in a dual economy, dependent development, and the 'middle-income trap', has been challenged (Gál 2019;Gerőcs 2021;Lux 2017). According to the Global Production Network literature, which comprises the main theoretical basis of our research, the means of integration is the key to understanding the potential outcomes of this economic model.…”

Section: Introductionmentioning

confidence: 99%

Strategic coupling on the European periphery: A case study of a small Hungarian town

Molnár

Saidi

Szabó

2022

TéT

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The FDI-based economic development policies in East-Central Europe and the strategies of transnational firms seeking cost-efficient production locations close to the main markets of the EU have led during the last decades to the integration of the region into different global/regional production networks, mainly in the form of locations for industrial production. While the intensity of re-industrialization largely determines economic growth and spatial socioeconomic inequalities outside metropolitan regions, the long-term success of this model, which tends to result in a dual economy, dependent development, and the ‘middle-income trap’, has been challenged. According to the GPN literature, which comprises the main theoretical basis of our research, the means of integration is the key to understanding the potential outcomes of this economic model. The process seems to depend on the quality of global-local interactions based on enterprise strategies and multi-level regional assets and agency. Our article focuses on making a comparative analysis of two transnational companies in a small peripheral town and uses the concept of strategic coupling as the analytical framework for the interpretation of the global-local interactions and their developmental outcomes. Based on secondary and primary sources, we examine the key assets and actors in the local environment, follow the development (upgrading trajectories) of subsidiaries, and analyse the dimensions and depth of their local/regional socioeconomic integration. We contribute to the special issue’s main objectives through our case study that reveals strategic coupling dynamics and quality and discusses the chance of more advantageous developmental outcomes in a peripheral location with limited and diminishing local (human) assets.

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Az FDI szerepe a gazdasági növekedés és a beruházások területi differenciálódásában Magyarországon

Cited by 10 publications

References 54 publications

FDI-based regional development in Central and Eastern Europe: A review and an agenda

FDI-based regional development in Central and Eastern Europe: A review and an agenda

A posztszovjet térségbe irányuló tőkekivitel – országkockázat az elméletben és a hazai gyakorlatban

Strategic coupling on the European periphery: A case study of a small Hungarian town

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