Could The Irish Miracle Be Repeated in Hungary?

It is widely recognized that foreign direct investment (FDI) plays an important role ineconomic development. Internationalization theory is used to explore how inward FDIimpacts entrepreneurial activity. Using data from the Global EntrepreneurshipMonitor we find significant differences in entrepreneurial activity between Irelandand Hungary in both the type of people starting businesses and the opportunitiespursued. These results suggest that economic development policies for middle-incomecountries, like Hungary, should focus on increasing human capital, promote enterprisedevelopment, and upgrading the quality of FDI...