Corvinus
Corvinus

Paralel and multilayer economic dualities

Juhász, Péter and Reszegi, László (2017) Paralel and multilayer economic dualities. UTMS Journal of Economics, 8 (1). pp. 1-10.

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Official URL: https://doaj.org/article/c3036fd81d004ed3b713617c12c98ef1


Abstract

Dualities in an economy may emerge for various reasons, but the general stereotype of high-tech foreign firms at odds with underdeveloped local ones seems to be an oversimplification of the problem. Building on a sample of more than 4,600 Hungarian firms, this paper investigates the parallel existence of various economic dualities. The novelty of this paper is that it concludes that not only several different dualities can be identified, but also that several layers of duality exist. For example, both locally and foreign owned entities are very deferent in efficiency when grouped on export intensity and wage level. This phenomenon makes one-size-fits-all business support programs obsolete; instead it points to the need for tailor-made development frameworks for the various subgroups of companies to aid in their catching-up to Western economies. The highly differentiated picture of companies detailed in this paper should also help economic decision makers to promote investments that truly decrease the lag between the Central and East European countries and Western countries.

Item Type:Article
Series Number / Identification Number:MTMT:3199893
Uncontrolled Keywords:competitiveness, efficiency, development, ownership, firm
JEL classification:G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
L50 - Regulation and Industrial Policy: General
M20 - Business Economics: General
Subjects:Knowledge economy, innovation
Management, business policy, business strategy
ID Code:3855
Deposited By: MTMT SWORD
Deposited On:10 Jan 2019 13:50
Last Modified:10 Jan 2019 13:50

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