Innovation-driven Economic Growth – How Hungary Will Be Home to Innovative Entrepreneurs and Enterprises

Productivity is significantly higher in countries that consistently spend at least 3 per cent of GDP on R&D, irrespective of economic cycles. Increasing productivity is necessary to boost the competitiveness of the economy and accordingly, significant growth in domestic R&D expenditure is es...

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Bibliographic Details
Main Authors: László Bódis, Ádám Kiss
Format: Article
Language:English
Published: Magyar Nemzeti Bank (Central Bank of Hungary) 2025-03-01
Series:Financial and Economic Review
Subjects:
Online Access:https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-24-1-ove1-bodis-kiss.pdf
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