Intellectual Capital Paradox

Boda, György, Stukalo, Nataliia, Stoliarchuk, Iaroslava and Fejes, József (2013) Intellectual Capital Paradox. Developing Country Studies, 3 (8). pp. 64-82.

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The authors have analysed the economic growth and its determining factors in countries of the European Union, particularly in Hungary and Ukraine. We applied quantitative methods by analysing topic related database. We have found that the Central-Eastern European Periphery has not finished its transition, and this change is heading in the direction of the Southern Periphery of the European Union. As the Southern Periphery is the area of economic crises right now, it is obvious that something should be done in order to avoid falling to the same fate for the Central-Eastern European Periphery. The authors introduced a new production function and with its help they identified the bottlenecks of growth in Hungary and Ukraine, namely the organizational and human capital that in its present development stage, do not correspond to the needs of creating state of the art larger companies. The present crisis pushes both countries to postpone long-term developments, such as investments into human capital, and in this way makes the solution of the crisis more difficult.

Item Type:Article
Uncontrolled Keywords:intellectual capital, growth, southern european periphery, Central-Eastern European periphery, enterprise demography, competitiveness
Divisions:Faculty of Business Administration > Institute of Business Economics > Department of Business Studies
Subjects:Economic development
Regional economy
ID Code:2014
Deposited By: MTMT SWORD
Deposited On:24 Jul 2015 13:06
Last Modified:24 Jul 2015 13:06

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