Drivers of productivity differences in the Hungarian manufacturing sector 2014-2017

Juhász, Péter and Reszegi, László and Hajdu, Miklós: Drivers of productivity differences in the Hungarian manufacturing sector 2014-2017. In: Proceedings of the European Union’s Contention in the Reshaping Global Economy. pp. 136-156. (2020)

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Abstract

Earlier research proved the existence of multilayer dualities within the Hungarian Economy. Based on these findings, this paper examines the driving forces of productivity differences comparing two groups in Hungarian manufacturing sector: locally owned and foreign-owned companies. The cluster analysis and the panel regression based on financial data of 1725 firms for the period 2014 to 2017 revealed that, while crucial driving forces may match, their direction and importance differ considerably. While foreign companies have an apparent advantage in productivity, their increase in export ratio correlates with lower efficiency; in contrast, export intensity boosts the efficiency of the locally owned companies. While the proportion of highly trained workforce correlates with productivity, this effect appears to be weaker in foreign-owned companies, which signals inefficient use of intellectual resources. These results raise questions regarding the efficacy of the current Hungarian economic policy of promoting foreign investments (FDIs).

Item Type: Article
Heading title: Sectoral analysis
Journal or Publication Title: Proceedings of the European Union’s Contention in the Reshaping Global Economy
Date: 2020
ISBN: 978-963-306-772-7
Page Range: pp. 136-156
Language: angol
Event Title: The European Union’s Contention in the Reshaping Global Economy (2020) (Szeged)
Related URLs: http://acta.bibl.u-szeged.hu/id/eprint/71537
DOI: https://doi.org/10.14232/eucrge.2020.proc.8
Uncontrolled Keywords: Feldolgozóipar - Magyarország - 21. sz., Gazdaságpolitika - Magyarország - 21. sz., Versenyképesség
Additional Information: Bibliogr.: p. 20-21. ; összefoglalás angol nyelven
Subjects: 05. Social sciences
05. Social sciences > 05.02. Economics and business
Date Deposited: 2021. Jan. 12. 09:49
Last Modified: 2021. Jan. 12. 09:49
URI: http://acta.bibl.u-szeged.hu/id/eprint/71545

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