11 research outputs found
New trajectories of the Hungarian regional development: balanced and rush growth of territorial capital
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 capita