Kiemelkedő publikációk

Implementation of a circular supply chain model using reusable components in multiple product generations

E-ISSN 2405-8440

Authors:

Dániel Hegedűs, Dóra Longauer

Scope:

• The paper deals with a version of Economic Order Quantity (EOQ) and Economic Production Quantity (EPQ) models, consideering the reusability of raw materials and components in multiple product generations.
• Presents available solutions for managing end-of-life products and aims to present a cost minimization EOQ/EPQ model.
• Examines optimal inventory strategy when products returned from consumers are not remanufactured but disassembled and the extracted components are used in the production of the next product generation.

Contribution, novelty:

• The results provide the optimal strategy for the number of cycles of extracted and new components during the production and identifies the variables affecting this optimal strategy.
• Results show that the company's production rate and set-up costs influence the company's optimal strategy, while the inventory cost has a smaller influence on the optimal strategy.

Practical relevance:

• The options presented can help companies decide what re-use options are available to them.
• With the help of the method, companies can determine the optimal re-use strategy based on company characteristics and product parameters.
• As a result of the company reusing previously manufactured components, the amount of generated waste is reduced, and the extraction of new raw materials and energy consumption are also reduced.

Reference:

HELIYON, 9(5), Paper: e15594, 2023

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.heliyon.2023.e15594

 

Implementation of a circular supply chain model using reusable components in multiple product generations - ScienceDirect

 

Hungarian Science Bibliography database link:

MTMT2: Hegedűs Dániel et al. Implementation of a circular supply chain model using reusable components in multiple product generations. (2023) HELIYON 2405-8440 9 5

Investigating make-or-buy decisions and the impact of learning-by-doing in the semiconductor industry

E-ISSN: 1366-588X

Authors:

Dóra Longauer, Tamás Vasvári, Zsuzsanna Hauck

Scope:

• The paper models the make-or-buy decision problem of a firm that decides on the optimal mix of outsourcing and in-house production, considering productivity gain via learning-by-doing and the economic impact of resilience.
• With numerical simulations, we aim to capture the pre-pandemic and the current state of the semiconductor industry.

Contribution, novelty:

• Should outer dominance, the buyer can dictate wholesale prices and quality standards while the seller bears the burden of screening costs.
• Considering learning effect and resilience may lead to the revision of previous outsourcing decisions and even to insourcing production.

Practical relevance:

• Although recent industry conditions have made in-house production more beneficial, this optimal strategy may be fragile due to changes of relative production costs or the extent of economic impact of chip shortages, which may underline the relevance of government incentives aiming to revitalise semiconductor industry.

Reference:

INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00207543.2023.2250009

 

Full article: Investigating make-or-buy decisions and the impact of learning-by-doing in the semiconductor industry (tandfonline.com)

 

Hungarian Science Bibliography database link:

MTMT2: Longauer Dóra et al. Investigating make-or-buy decisions and the impact of learning-by-doing in the semiconductor industry. (2024) INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH 0020-7543 1366-588X

Coordinating quality decisions in a two-stage supply chain under buyer dominance

E-ISSN: 1873-7579

Authors:

Zsuzsanna Hauck, Boualem Rabta, Gerald Reiner

Scope:

• The paper proposes an optimization model to analyze the impact of quality decisions, buyer dominance, and coordination in a two-stage supply chain.
• The investigation centers on the seller–buyer relationship, exploring coordinated and non-coordinated buyer-dominated contracts. Screening time acts as a decision variable affecting the quality level of the batch and influences costs and consumer demand.

Contribution, novelty:

• Analytical solutions are provided and supported with numerical examples to illustrate the consequences of quality decisions for overall profitability of the supply chain.
• Under buyer dominance, the buyer can dictate wholesale prices and quality standards while the seller bears the burden of screening costs.
• Achieving coordination and implementing optimal screening practices may create a win-win situation for supply chain partners.

Practical relevance:

• Coordination in supply chains can increase overall supply chain profitability, decrease retail prices, and improve quality levels, ultimately enhancing consumer satisfaction.

Reference:

INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 264, Paper: 108998, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ijpe.2023.108998

 

Coordinating quality decisions in a two-stage supply chain under buyer dominance - ScienceDirect

 

Hungarian Science Bibliography database link:

MTMT2: Hauck Zsuzsanna et al. Coordinating quality decisions in a two-stage supply chain under buyer dominance. (2023) INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS 0925-5273 1873-7579 264

Knowledge input and innovation

E-ISSN: 2083-8298

Authors:

Eristian Wibisono

Scope:

• This paper argues that one of the reasons why innovation in one country leaves another behind could be its spatial geography.
• Questions relevant to R&D development and technological change are raised on how knowledge inputs affect innovation in the Visegrad Group (V4) (Czech Republic, Hungary, Poland, and Slovakia) and how these factors are spatially dependent.

Contribution, novelty:

• The study results show that regional knowledge inputs (R&D expenditure and R&D personnel) play an essential role in innovation development in Visegrad Group (V4).
• The study findings also emphasize the importance of R&D funding support in the public sector and R&D personnel capabilities in promoting innovation.

Practical relevance:

• The paper highlights the associations and relationships between knowledge input factors and innovation development and how spatial attributes can explain the various dependencies and correlations in the NUTS-2 regions of the Visegrad Group (V4).

Reference:

BULLETIN OF GEOGRAPHY. SOCIO-ECONOMIC SERIES, 59(59) 111-130, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.12775/bgss-2023-0008

Knowledge input and innovation in Visegrad Group (V4) regions: A spatial econometric approach | Bulletin of Geography. Socio-economic Series (umk.pl)

Hungarian Science Bibliography database link:

MTMT2: Eristian Wibisono. Knowledge input and innovation in Visegrad Group (V4) regions: A spatial econometric approach. (2023) BULLETIN OF GEOGRAPHY SOCIO-ECONOMIC SERIES 1732-4254 2083-8298 59 59 111-130

The digital entrepreneurial ecosystem in the European Union: evidence from the digital platform economy index

E-ISSN: 1469-5944

Authors:

Eristian Wibisono

Scope:

• This paper explores the issue of platformization in three developed and high-income countries in the European Union: Germany, France and Austria.
• The framework and empirical measurement of the Digital Platform Economy (DPE) Index are used to analyze the state of Digital Entrepreneurial Ecosystem (DEE) in these three countries, identify the most prominent weaknesses that could be barriers, and propose policy recommendations to overcome these barriers and promote the development of DEE.

Contribution, novelty:

• The results of the three-step investigation present the current state of DEE in each country and find that similar constraining elements in the Digital Multi-Sided Platforms of the three countries have the most potential to systemically disrupt the DEE balance.

Practical relevance:

• Tailor-made policies with a holistic approach are recommended to address these constraining elements and target overall DEE growth.

Reference:

EUROPEAN PLANNING STUDIES, 31(6): 1270-1292, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1080/09654313.2023.2202683

Full article: The digital entrepreneurial ecosystem in the European Union: evidence from the digital platform economy index (tandfonline.com)

Hungarian Science Bibliography database link:

MTMT2: Wibisono Eristian. The digital entrepreneurial ecosystem in the European Union: evidence from the digital platform economy index. (2023) EUROPEAN PLANNING STUDIES 0965-4313 1469-5944 31 6 1270-1292

The Catastrophe of Corruption in the Sustainability of Foreign aid: A Prediction of Artificial Neural Network Method in Indonesia

E-ISSN: 2198-2600

Authors:

Ade Paranata, Rishan Adha, Hoang Thi Phuong Thao, Elin Erlina Sasanti, Fafurida Fafurida

Scope:

• This study aims to predict the long-term viability of foreign aid in Indonesia based on international perceptions of corruption and corruption cases in the country.
• This study also aims to provide an alternative estimation method for economic studies, particularly those related to foreign aid and corruption, by using the artificial neural network technique.

Contribution, novelty:

• The findings show a strong relationship between corruption perception and foreign aid sustainability with an R-value of 0.991.
• According to the artificial neural network estimation, gratification has a significant impact on foreign aid.

Practical relevance:

• In response to the finding, the study recommends the Indonesian government take action to combat corruption in maintaining the international trust and ensuring the stability of foreign aid.

Reference:

FUDAN JOURNAL OF THE HUMANITIES AND SOCIAL SCIENCES, 16: 239-257, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s40647-023-00367-z

The Catastrophe of Corruption in the Sustainability of Foreign aid: A Prediction of Artificial Neural Network Method in Indonesia | Fudan Journal of the Humanities and Social Sciences (springer.com)

Hungarian Science Bibliography database link:

MTMT2: Paranata Ade et al. The Catastrophe of Corruption in the Sustainability of Foreign aid: A Prediction of Artificial Neural Network Method in Indonesia. (2023) FUDAN JOURNAL OF THE HUMANITIES AND SOCIAL SCIENCES 1674-0750 2198-2600 16 239-257

Identification of factors influencing entrepreneurial behavior: unveiling start-up business initiatives in Indonesia

E-ISSN: 2662-9992

Authors:

Ade Paranata, Pahrudin Pahrudin, Syamsiyatul Muzayyanah, Thi Ha Trinh

Scope:

•  This study aims to investigate the factors influencing a start-up business initiative on the people or citizens of Indonesia.
•  The other purpose of this study is to analyze the influential variables of a start-up business initiative launch from 2015 to 2018 in Indonesia.

Contribution, novelty:

• The results demonstrate that theory of planned behaviour construct is relevant to the launch initiative of business.
• This emphasizes the significant functions of self-efficacy, business opportunity, and role models in the plans of people, regarding the establishment of an enterprise.

Practical relevance:

• This study contribute to the understanding of the factors influencing entrepreneurial behavior concerning the establishment of business, as well as provided strategies and plans for its development in Indonesia.

Reference:

HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS, 10(1), Paper: 407, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1057/s41599-023-01896-4

Identification of factors influencing entrepreneurial behavior: unveiling start-up business initiatives in Indonesia | Humanities and Social Sciences Communications (nature.com)

Hungarian Science Bibliography database link:

MTMT2: Paranata Ade et al. Identification of factors influencing entrepreneurial behavior: unveiling start-up business initiatives in Indonesia. (2023) HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS 2662-9992 10 1

Analyzing the queuing theory at the emergency department at King Hussein cancer center

ISSN: 1471-227X

Authors:

Mahmoud Salameh Qandeel, Islam Khaleel Al-Qudah, Riyad Nayfeh, Haitham Aryan, Omar Ajaj, Hisham Alkhatib, Yousef Hamdan

Scope:

• This study was conducted in 2022 at King Hussein Cancer Center (KHCC) to analyze the queuing theory approach at the Emergency Department (ED) to estimate patients’ wait times and predict the accuracy of the queuing theory approach.
• This study measured patients’ wait times at these three stations: the health informatics desk, triage room, and emergency bed area.

Contribution, novelty:

• Using equations of queuing theory and other relativistic equations in the emergency bed area gave different results. 

Practical relevance:

• To reduce the waiting time in line, the authors suggest making informative boards with clear instructions at the main doors of the hospital about the structure and vital places that should serve patients, such as the reception to answer patients' queries and the patient affairs office to release patients' information and test results.

Reference:

BMC EMERGENCY MEDICINE, 23(1), Paper: 22, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1186/s12873-023-00778-x

Analyzing the queuing theory at the emergency department at King Hussein cancer center | BMC Emergency Medicine | Full Text (biomedcentral.com)

Hungarian Science Bibliography database link:

MTMT2: Qandeel Mahmoud Salameh et al. Analyzing the queuing theory at the emergency department at King Hussein cancer center. (2023) BMC EMERGENCY MEDICINE 1471-227X 1471-227X 23 1

The determinants of innovation performance: an income-based cross-country comparative analysis using the Global Innovation Index (GII)

ISSN: 2192-5372

Authors:

Adisu Fanta Bate, Esther Wanjiru Wachira, Sándor Danka

Scope:

• This study aims to identify the key pillars of innovation based on Global Innovation Index (GII), to determine the best predicting model or the key determinants (inputs) of innovation, and to analyze an income-based cross-country variation in innovation performance.

Contribution, novelty:

• The results indicate that human capital and research, infrastructure, and business sophistication as the key pillars determining innovation performance. 
• The study further reveals that the lack of human capital that promotes R&D is the biggest bottleneck that hampers innovation in a lower-middle-income category, whereas both innovation linkage and human capital that promotes R&D in an upper-middle-income category and innovation linkage in a high-income category.

Practical relevance:

• The study results benefit stakeholders, including policymakers, development and financial agents, venture capitalists, donors, business incubators, researchers, and governments, who foster innovation efforts within a country or across countries.

Reference:

JOURNAL OF INNOVATION AND ENTREPRENEURSHIP, 12(1), Paper: 20, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1186/s13731-023-00283-2

The determinants of innovation performance: an income-based cross-country comparative analysis using the Global Innovation Index (GII) | Journal of Innovation and Entrepreneurship | Full Text (springeropen.com)

Hungarian Science Bibliography database link:

MTMT2: Bate Adisu Fanta et al. The determinants of innovation performance: an income-based cross-country comparative analysis using the Global Innovation Index (GII). (2023) JOURNAL OF INNOVATION AND ENTREPRENEURSHIP 2192-5372 12 1

The roles of community-based organizations in socializing sustainable behavior: Examining the urban case of Budapest, Hungary

ISSN: 1756-932X

Authors:

Tamás Veress, Gabriella Kiss, Ágnes Neulinger

Scope:

• This research supports the argument that community-based organizations (CBOs) can be effective vehicles to shift societal norms and expectations in order to facilitate co-creation and acceptability of new and sustainable ways of living.
• To learn what roles CBOs fulfill when providing space for peer interactions influencing sustainable behavior, a qualitative research study was carried out based on 21 interviews with key stakeholders from CBOs working in different sustainability-related fields (mobility, food, energy, etc.) in the urban context of Budapest, Hungary.

Contribution, novelty:

• The grouping and interpretation of interview data show that the sampled urban CBOs can impact sustainable behavior through (1) raising members' awareness; (2) influencing everyday practices; and (3) providing space for non-consumerist peer interactions. 
• These impacts can be exercised through the three roles of translation, reinforcement, and contribution.

Practical relevance:

• The results imply that sustainability-oriented policymaking could support the sustainability transition by co-designing systems of provisions together with the affected communities.

Reference:

ENVIRONMENTAL POLICY AND GOVERNANCE, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1002/eet.2069

The roles of community‐based organizations in socializing sustainable behavior: Examining the urban case of Budapest, Hungary - Veress - Environmental Policy and Governance - Wiley Online Library

Hungarian Science Bibliography database link:

MTMT2: Veress Tamás et al. The roles of community-based organizations in socializing sustainable behavior: Examining the urban case of Budapest, Hungary. (2023) ENVIRONMENTAL POLICY AND GOVERNANCE 1756-932X 1756-9338

Exposure to trade disruptions in case of the Russia–Ukraine conflict: A product network approach

ISSN : 0378-5920

Authors:

Erik Braun, Emese Braun, András Gyimesi, Zita Iloskics, Tamás Sebestyén

Scope:

• This study provides a product network-based analysis of the impact of the Russia–Ukraine war on the economy of third countries.
• The method also provides a decomposition of exposures on a country-by-country basis.

Contribution, novelty:

• Recent studies based on input-output data already revealed several economic consequences of the conflict, the approach in this study allows for more detail regarding geographical coverage and heterogeneity of the affected products.beneficial as they can contribute to increased productivity at other stages.
• We apply a comprehensive indicator of exposure and measure the dependence of third countries on products imported from Ukraine or Russia.

Practical relevance:

• The study also analyses the relationship between trade exposure and the extent to which countries were willing to support Ukraine. Results show that it is not exposure itself, but the decrease of exposure over time which correlates with military support.

Reference:

WORLD ECONOMY, 46(10): 2950-2982, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1111/twec.13417

Exposure to trade disruptions in case of the Russia–Ukraine conflict: A product network approach - Braun - 2023 - The World Economy - Wiley Online Library

Hungarian Science Bibliography database link:

MTMT2: Braun Erik et al. Exposure to trade disruptions in case of the Russia–Ukraine conflict: A product network approach. (2023) WORLD ECONOMY 0378-5920 1467-9701 46 10 2950-2982

Make-or-Buy Strategies in a Multi-Stage Manufacturing Process and the Role of Learning Effect in Relocation Decisions

ISSN 0360-8352

Authors:

Dóra Longauer, Zsuzsanna Hauck, Tamás Vasvári

Scope:

• Using dynamic optimization, the paper investigates the role of learning effects in both outsourcing and insourcing (reshoring) decisions.
• The study models the cost-related consequences of possible strategies, jointly considering the effect of productivity knowledge and interdependencies of consecutive production stages in the manufacturing process.

Contribution, novelty:

• Firms should stick to or insource production processes where learning potential is high.
• Keeping activities with low learning potential but higher interdependencies may also be beneficial as they can contribute to increased productivity at other stages.

Practical relevance:

• Pursuing activities with considerable learning potential or possible interdependencies with other corporate functions may result in upgrading in the value chain.

Reference:

COMPUTERS AND INDUSTRIAL ENGINEERING, 180, Paper: 109259, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.3390/ijerph20042911

Make-or-buy strategies in a multi-stage manufacturing process and the role of learning effect in relocation decisions - ScienceDirect

Hungarian Science Bibliography database link:

Longauer D et al. Make-or-Buy Strategies in a Multi-Stage Manufacturing Process and the Role of Learning Effect in Relocation Decisions. (2023) COMPUTERS AND INDUSTRIAL ENGINEERING 360-8352 180

 

How Much Is Winning a Matter of Luck? A Comparison of 3 × 3 and 5v5 Basketball

ISSN: 1660-4601

Authors:

Gergely Csurilla, Zoltán Boros, Diána Ivett Fűrész, András Gyimesi, Markus Raab, Tamás Sterbenz

Scope:

• The paper invents the Relative Score Difference Index, a new competitive balance indicator that allows the comparison of luck in two different forms of basketball for both men and women.
• Game-level data about 3v3 and 5v5 basketball World Cups 2010 and 2019 is used between.

Contribution, novelty:

• The contrast between the new Olympic format three-on-three (3 × 3) and five-on-five (5v5) forms of basketball has never been analyzed and provides a comparison within the same form of sports.
• There are differential effects of luck between game formats and sex, such that the 3 × 3 form depends more on luck and women’s games are less influenced by luck when compared to men’s games.

Practical relevance:

• Coaches may better understand the differences between the two forms and sexes regarding luck given the study results.
• The findings provide a leverage point for testing new performance and competition balance indicators.

Reference:

INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 20(4), Paper: 2911, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.3390/ijerph20042911

IJERPH | Free Full-Text | How Much Is Winning a Matter of Luck? A Comparison of 3 × 3 and 5v5 Basketball (mdpi.com)

Hungarian Science Bibliography database link:

Csurilla G et al. How Much Is Winning a Matter of Luck? A Comparison of 3 × 3 and 5v5 Basketball. (2023) INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH 1661-7827 1660-4601 20 4

Current college graduates’ employability factors based on university graduates in Shaanxi Province, China

ISSN: 1664-1078

Authors:

Jiang Lijuang, Chen Zirou, Lei Changkui

Scope:

• In order to explore the factors that affect employability’s improvement and what factors employability includes, this article summarizes the previous research on employability, uses university graduates of Shaanxi Province as research examples, and investigates the employability factors of college graduates.
• The analysis builds on data of 569 university students with their own businesses in the Global University Entrepreneurial Spirit Students’ Survey.

Contribution, novelty:

• The results of the research show that individual traits, social experience, and workplace training have a significant impact on college students’ employability; knowledge understanding and learning ability, self-management ability, emotional intelligence, generic skills, professional ability, and career planning capability are the important factors of the employability which college students should master.

Practical relevance:

• Contemporary college students have a new understanding of employability, and help them to improve their employability more pertinently.

Reference:

Frontiers in Psychology, 13, Paper: 1042243, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.3389/fpsyg.2022.1042243

Frontiers | Current college graduates’ employability factors based on university graduates in Shaanxi Province, China

Hungarian Science Bibliography database link:

Jiang L. et al. Current college graduates’ employability factors based on university graduates in Shaanxi Province, China. (2023) FRONTIERS IN PSYCHOLOGY 1664-1078 1664-1078 13

Urban Communities for Transition toward Sustainable Behavior in the Context of Authoritarianism

E-ISSN: 1521-0723

Authors:

Ágnes Neulinger, Gabriella Kiss, Tamás Veress

Scope:

• This study demonstrates the importance of communities as potential vehicles of social change.
• Relying on in-depth interviews, the meaning of community and the role of sustainability in the operation of these communities is examined.
• The analysis focuses on an understanding of communities that goes beyond the differentiation of individual (micro) and social (macro) levels.

Contribution, novelty:

• The findings indicate blurring boundaries in the green agenda. The role of new environmental organizations seems to be as important as the role of old, traditional organizations in Budapest.
• There has been an observable shift in the case of traditional organizations to broaden their horizons and work with complex issues related to social and environmental justice. They are also moving beyond the strict positioning of green organizations and positioning themselves under alternative terms.

Practical relevance:

• The labels “green” and “sustainable” are no longer the exclusive markers for communities with awareness of environmental issues in Budapest.
• Through sustainability-oriented practices, communities can find many allies and potential cooperators to learn from and to organize politically

Reference:

SOCIETY AND NATURAL RESORCES, 36(5): 479-496, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.1080/08941920.2023.2175282

Urban Communities for Transition toward Sustainable Behavior in the Context of Authoritarianism: Analysis of Non-Profit Community-Based Organizations in Budapest, Hungary (tandfonline.com)

Hungarian Science Bibliography database link:

Neulinger Agnes et al. Urban Communities for Transition toward Sustainable Behavior in the Context of Authoritarianism: Analysis of Non-Profit Community-Based Organizations in Budapest, Hungary. (2023) SOCIETY & NATURAL RESOURCES 0894-1920 1521-0723

Why narcissists may be successful entrepreneurs: The role of entrepreneurial social identity and overwork

ISSN 2352-6734

Authors:

Andrea Sáfrányné Gubik, Zsófia Vörös

Scope:

• The paper examines why and how social identity and overwork/workaholism represent pathways to convey the effect of dark triad traits – Machiavellianism, narcissism, and psychopathy – on venture performance.
• The analysis builds on data of 569 university students with their own businesses in the Global University Entrepreneurial Spirit Students’ Survey.

Contribution, novelty:

• Results show that compulsive overwork and Darwinian social identity partially mediate the positive effect of narcissism on venture performance.
• Narcissism is not necessarily an adverse personality characteristic in an entrepreneurial context.

Practical relevance:

• Founding teams and financial supporters should acknowledge that entrepreneurs high in narcissism are willing to work to achieve their goals and those goals are likely to be centered around the performance of the venture.

Reference:

Journal of Business Venturing Insights, 19, Paper: e00364, 2023.

Click here to read the original publication:

DOI: https://doi.org/10.3389/fpsyg.2022.1042243

Why narcissists may be successful entrepreneurs: The role of entrepreneurial social identity and overwork - ScienceDirect

Hungarian Science Bibliography database link:

Gubik Andrea S. et al. Why narcissists may be successful entrepreneurs: The role of entrepreneurial social identity and overwork. (2023) JOURNAL OF BUSINESS VENTURING INSIGHTS 2352-6734 19

The wellbeing paradox in Hungarian local sustainable agriculture: a health psychology approach

E-ISSN: 1471-2458

Authors:

Ilona Liliána Birtalan, Imre Fertő, Ágnes Neulinger, József Rácz, Attila Oláh

Scope:

• The paper investigates the situational and engagement-related work difficulties associated with the everyday world of Community Supported Agriculture (CSA) farmers.
• The proposed analysis of composite indicators allows the computation of endogenous (country-specific) weights that can be used for developing more informed policy making.

Contribution, novelty:

• Newer producer-consumer connections require both time and experience and involve extra effort or skills, but farmers often lack these abilities.
• The results show how perceptions of work processes relate to the general framework of CSA, which necessitates a distinct strategy for farm management.

Practical relevance:

• Specific training and development programs could help farmers to improve the skills that would enable them to better demonstrate a sustainable farming role, and work scheduling or decision-making autonomy.

Reference:

BMC Public Health, 22, Paper: 2326, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1186/s12889-022-14643-2

The wellbeing paradox in Hungarian local sustainable agriculture: a health psychology approach | BMC Public Health

Hungarian Science Bibliography database link:

Birtalan Ilona Liliána et al. The wellbeing paradox in Hungarian local sustainable agriculture: a health psychology approach. (2022) BMC PUBLIC HEALTH 1471-2458 1471-2458 22

 

 

 

The role of universities on the consolidation of knowledge-based sectors: A spatial econometric analysis of KIBS formation rates in Spanish regions.

E- ISSN: 1873-6041

Authors:

Krisztina Horváth, Jasmina Berbegal-Mirabent

Scope:

• Using a sample of 47 Spanish regions (provinces) during 2009–2013, this study evaluates how features related to the regional configuration of universities influence the regional formation rate of knowledge-intensive business service (KIBS) firms.

Contribution, novelty:

• Regions with a greater concentration of universities and with higher proportion of public universities attract more new KIBS firms.
• The results also indicate a substitution effect between these university-based variables and the region's industry specialization.

Practical relevance:

• The paper offers insights on how territories may attract more knowledge-based businesses by encouraging the development of the local higher education system.

Reference:

JOURNAL OF SMALL BUSINESS MANAGEMENT, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.seps.2020.100900

https://www.sciencedirect.com/science/article/pii/S0038012119306378

Analysis of the digital platform economy around the world: A network DEA model for identifying policy priorities.

E- ISSN: 1540-627X

Authors:

Esteban Lafuente, Zoltán J. Ács, László Szerb

Scope:

• This study evaluates the quality of the digital platform economy at the global scale by employing a network model rooted in nonparametric linear techniques (data envelopment analysis) on a sample of 116 countries for 2019.

Contribution, novelty:

• The core findings indicate that the configuration of countries’ platform economy is very heterogeneous.
• This suggests that an informed, tailor-made approach to policy might produce more effective outcomes.

Practical relevance:

• Policies aimed at enhancing the digital platform economy should emerge from the analysis of its main factors if the development of a strategy seeking qualitative improvements in the system is the desired goal.

Reference:

JOURNAL OF SMALL BUSINESS MANAGEMENT, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00472778.2022.2100895

https://www.tandfonline.com/doi/full/10.1080/00472778.2022.2100895

The Role Of Entrepreneurship Ecosystems In Hungarian Urban Regions.

E- ISSN: 1557-9336

Authors:

László Szerb, Krisztina Horváth, Lívia Lukovszki, Miklós Hornyák, Zsófia Fehér

Scope:

• The paper uses the Regional Entrepreneurship and Development Index (REDI) methodology to analyze the entrepreneurial ecosystems of 22 urban regions in Hungary.
• These urban regions statistically range from metropolitan agglomerations to smaller regional units with urban centers which organize their respective local economies, representing real economic entities relevant to EEs.

Contribution, novelty:

• Compared to other European regions, Hungarian urban regions perform poorly in entrepreneurship.
• Budapest, the leading Hungarian regions, ranks 81st out of the 140 regions in the sample, and it also lags behind other similarly developed regions.
• Looking at the REDI sub-indices, Hungarian urban regions perform relatively well in Entrepreneurial Attitudes while Entrepreneurial Aspiration is the weakest component in 19 of them.

Practical relevance:

• Pinpointing local weaknesses is particularly important because they act as limitations on the operation of EEs and serve as a basis for policy interventions.
• While Risk Acceptance and Financing as ecosystem components are the weakest pillars in most regions, the combinations of pillar components differ, underlining the legitimacy of case-sensitive policy interventions.

Reference:

INTERNATIONAL JOURNAL OF SOCIOLOGY, 52(2), 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00207659.2022.2086421

https://www.tandfonline.com/doi/full/10.1080/00207659.2022.2086421

Dynamics of collaboration among high-growth firms: results from an agent-based policy simulation

E- ISSN: 1432-0592

Authors:

Anna Varga-Csajkás Anna, Tamás Sebestyén, Attila Varga

Scope:

• The study introduces an application of an agent-based model that is appropriate for modeling the dynamics of network formation based on different proximity dimensions.
• With the help of unique survey data about the Hungarian gazelles, we have conducted our analysis on a broad range of formal and informal cooperation, which allows a more in-depth understanding of collaboration in innovation.

Contribution, novelty:

• Successful entrepreneurship policy, that induces spin-offs in a given sector, could significantly increase the number of relationships between the organizations.
• Findings show that spin-off formation is conducive not only for the sector concerned but it has a spillover effect on other industries.

Practical relevance:

• Policies targeting network formation can be better designed with the help of the model.
• Larger economic impact models can integrate the proposed method to simulate economic effects of different network-related interventions.

Reference:

ANNALS OF REGIONAL SCIENCE (2022)

Click here to read the original publication:

DOI: https://doi.org/10.1007/s00168-022-01150-w

https://link.springer.com/article/10.1007/s00168-022-01150-w

Innovative tourism development in a Hungarian regional centre in the 1930s.

E-ISSN: 1755-1838

Authors:

Tibor Gonda, Zoltán Kaposi

Scope:

• Besides presenting the economic background of Pécs, the current study also discusses the local boom in tourism, which was developing at a rapid clip in the 1930s.

Contribution, novelty:

• Recognizing the economic role of tourism, local leaders started to develop the sector, establishing the Tourism Committee and Tourism Office in 1933.
• New transit hubs were established: direct airline connections were inaugurated to Budapest and Kaposvár and a rail connection to Vienna opened.
• In making urban development decisions, factors taken into account included the needs of tourism, embracing such still fashionable activities as the integration of local products into the tourism supply.

Practical relevance:

• The developments of the 1930s have an impact even on the contemporary tourism of the city.

Reference:

JOURNAL OF TOURISM HISTORY, 14(2), 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/1755182X.2022.2117858

https://www.tandfonline.com/doi/full/10.1080/1755182X.2022.2117858

Relative age effect on the market value of elite European football players: a balanced sample approach.

E-ISSN 1746-031X

Authors:

András Gyimesi, Dániel Kehl

Scope:

• Athletes born late in the selection year are disadvantaged compared to the relatively older in youth age groups. This leads to an overrepresentation of the early-born in professional teams, which is called the relative age effect (RAE).
• This paper aims to estimate the partial RAE on the market value of top-level European football players with a new methodology.

Contribution, novelty:

• Unlike prior studies, we found an extremely strong straight RAE in elite European football, especially for younger players.
• Using our methodology, we interpret RAE as a partial effect, which indicates that an earlier birth date within the calendar year results in a higher market value.

Practical relevance:

• Our results imply discrimination based on birth date in several countries, which needs to be reduced by better regulation of youth competitions.
• Our findings have implications for coaches and managers on how to account for relative age when training, transferring, and selecting players.

Reference:

EUROPEAN SPORT MANAGEMENT QUARTERLY, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/16184742.2021.1894206

https://www.tandfonline.com/doi/full/10.1080/16184742.2021.1894206

Do specific entrepreneurial ecosystems favor high-level networking while others not? Lessons from the Hungarian IT sector.

E-ISSN 1873-5509
E-ISSN 1873-5509

Authors: 

Éva Komlósi, Tamás Sebestyén, Ákos Tóth-Pajor, Zsolt Bedő

Scope:

• The paper explores those configurations of micro, meso and macro elements of the entrepreneurial ecosystem of ICT firms in a Hungarian city (Pécs), which result in low or high level networking performance.

Contribution, novelty:

• The study finds that different networking levels require different conditions. Only those ecosystems show very high-quality networking that perform well in both the necessary and sufficiency components.
• Also, different ecosystem configurations are required for high informal, formal, or external networks.

Practical relevance:

• The results provide policy makers with a more advanced understanding of how entrepreneurial ecosystems work, thereby supporting a more efficient allocation of scarce resources.

Reference:

Technological Forecasting and Social Change, 175, 121349, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.techfore.2021.121349

https://www.sciencedirect.com/science/article/pii/S0040162521007800

Impact of Early Inspection on the Performance of Production Systems Insights from an EPQ model.

E-ISSN 1872-8480

Authors: 

Zsuzsanna Hauck, Boualem Rabta, Gerald Reiner

Scope:

• A manufacturing process with an early stage of quality control is considered.
• Impact of screening time on both screening costs and defect detection rate via different linear and nonlinear functions are investigated.

Contribution, novelty:

• New EPQ model with two stages of quality control: early-stage screening after the most critical operation and final screening.
• Numerical examples illustrate the impact of various parameters.

Practical relevance:

• Devoting more time to the initial screening increases the inspection cost but allows a greater proportion of defects to be detected early, and saving cost of subsequent stages.
• Managerial insights are dealing with highly relevant trade-offs.
• Results highlight the importance of careful estimation of the defect rate.

Reference:

Applied Mathematical Modelling, 107, p. 670-687, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.apm.2022.03.003

https://www.sciencedirect.com/science/article/pii/S0307904X22001202

When post-merger price effect becomes smoothed over time: A case of a gasoline market merger.

E-ISSN 1873-6181

Authors: 

Katalin Erdős, Roland Baczur, Dániel Kehl, Richárd Farkas

Scope:

• The paper analyzes the horizontal merger of two branded gasoline chains.
• It uses a difference-in-difference estimation strategy for the post-merger price effect caused by the merger.

Contribution, novelty:

• The prices of merged and non-merged stations increased to different degrees.
• A market-wide price increase occurs after the signature of the acquisition contract.
• A further price increase followed the completion of the station design change.

Practical relevance:

• Our findings underpin that the effects of a horizontal merger can significantly increase the prices on the retail gasoline market, which can have significant welfare consequences that would be essential to be considered in competition authority decisions.

Reference:

Energy Economics, 105, 105682, 2022. 

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.eneco.2021.105682

https://www.sciencedirect.com/science/article/pii/S0140988321005375

Golden ratio-based capital structure as a tool for boosting firm's financial performance and market acceptance.

E-ISSN 2405-8440

Authors: 

József Ulbert, András Takács, Vivien Csapi

Scope:

• In this study, 455 US and European manufacturing and service firm's data are examined from the period 2010–2019.
• The purpose of the investigation was to determine if there are any positive impacts of a golden ratio-based capital structure on financial performance and market acceptance.

Contribution, novelty:

• Significant positive relationship is found between the deviation from the golden ratio-based capital structure and the deviations of firms' revenue, income, stock price and market value data from their historical maximum.
• This relationship is more obvious in the United States than in Europe, and stronger for service firms than for manufacturing companies.

Practical relevance:

• The golden ratio-based capital structure may be an efficient tool for firms to boost their performance and market acceptance.

Reference:

Heliyon, 8(6), e09671, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.heliyon.2022.e09671

https://www.sciencedirect.com/science/article/pii/S2405844022009598

Applicants' institution selection criteria in the higher education: An empirical study in Hungarian higher education management

E-ISSN 1741-9883

Authors: 

Norbert Sipos, Gabriella Kuráth, Edit Bányai, Ákos Jarjabka

Scope:

• This paper shows what are the applicants' institution selection criteria in higher education in Hungary and what changes this will imply in higher education management and communication.
• These questions were investigated based on a review of the most relevant literature and the analysis of 1396 applicants.
• Exploratory and confirmative factor analyses were used to identify the relative order of the application influencing factors.

Contribution, novelty:

• The first most important factor is the vivacity, followed by career and costs, fourth is image and the last one is the low commitment.
• The paper shows that the identification of the application strategies requires renewed management and communication techniques.

Practical relevance:

• The results help the institutions to determine the possible actions to be implemented to attract more students and improve the level of offered services.

Reference:

Management in Education, in press, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1177/08920206211030975

https://journals.sagepub.com/doi/abs/10.1177/08920206211030975

A composite indicator analysis for optimizing entrepreneurial ecosystems

E-ISSN: 1873-7625

Authors:

Esteban Lafuente, Zoltán J. Ács, László Szerb

Scope:

• The study employs the ‘benefit of the doubt’ approach to evaluate the entrepreneurial ecosystem of 71 countries for the period 2016.
• The proposed analysis of composite indicators allows the computation of endogenous (country-specific) weights that can be used for developing more informed policy making.

Contribution, novelty:

• Results show that countries prioritize different aspects of their national system of entrepreneurship, confirming that tailor-made policy is necessary if the objective is to optimize the resources deployed to enhance the countries’ entrepreneurial ecosystem.
• There is a significant positive correlation between quality improvements in the entrepreneurial ecosystem and venture capital investments.

Practical relevance:

• Significant improvements in the quality of the entrepreneurial ecosystem can be realized by targeting the policy priorities of the local entrepreneurship system identified by the ‘benefit of the doubt’ weights.

Reference:

Research Policy, 51(9), Paper:104379, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.respol.2021.104379

https://www.sciencedirect.com/science/article/pii/S004873332100175X

Information leakage in the football transfer market

E-ISSN 1746-031X

Authors: 

Diána Ivett Fűrész, Gábor Rappai

Scope:

• The research investigates the impact of information leakage about players’ transfer on the stock price of football clubs.

Contribution, novelty:

• In the vast majority of cases, the stock reacted to the announcement; moreover, in two-thirds of the transactions, information leakage was also established.
• Most of the transfers affect share prices even before the announcement because the small shareholders of football clubs are, presumably, emotional investors, rather than rational ones.

Practical relevance:

• This study provides some managerial implications for football club owners, managers, and regulators.

Reference:

European Sport Management Quarterly, 22(3), p. 419-439, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/16184742.2020.1797847

https://www.tandfonline.com/doi/abs/10.1080/16184742.2020.1797847

Beneficiaries and cost bearers: evidence on political clientelism from Hungary

E-ISSN: 1743-9388

Authors: 

Tamás Vasvári

Scope:

• This study analyzes political clientelism and the softness of budget constraint for local governments from the persepctive of both local and central decision-makers

Contribution, novelty:

• The author conduct an analysis regarding the Hungarian local government system between 2006 and 2018 to capture the political patterns in local fiscal policy and central granting policy
• The fiscal discipline was lower at aligned local governments
• Local governments in opposition were underfinanced
• Favoured municipalities enjoyed more funds and could deliver more projects to their citizens
• The unaligned local governments struggled to establish a fair distribution of the burdens between beneficiary generations

Practical relevance:

• The study emphasizes that fair distribution of burdens is key to exploit the benefits of fiscal decentralization.
• The study provides information to policy-makers about the nature of budget constraint for local governments
• Policy-makers may get insight about the importance of raising own revenues and the role of central grants in municipal financing.

Reference:

Local Government Studies, 48(1), p. 150-177, 2022.

Click here to read the original publication:

DOI: https://doi.org/10.1080/03003930.2020.1768852

https://www.tandfonline.com/doi/full/10.1080/03003930.2020.1768852

 

The evolution of the global digital platform economy: 1971-2021.

E-ISSN 1573-0913

Authors: 

Zoltán J. Ács, Abraham K. Song, László Szerb, David B. Audretsch, Éva Komlósi

Scope:

• This paper examines the evolution of the global Digital Platform Economy from 1971 to 2021.
• Using a unique database the paper revisits the thesis that incumbents in the 1970s were unable to harness new technologies.
In this study, 455 US and European manufacturing and service firm's data are examined from the period 2010–2019.

Contribution, novelty:

• The paper developes a conceptual framework of the DPE consisting of three interrelated concepts: digital technology infrastructure, digital multisided platforms, and platform-based ecosystems (users and entrepreneurs) to better understand the evolution of the DPE.
• The framework provides a roadmap for thinking about the governance of the global DPE.

Practical relevance:

• The key research question for the twenty-first century is, “What is the governance structure of the Digital Age?”
• It calls for inventing more effective ways to govern an interdependent world.

Reference:

Small Business Economics, 57(4), p. 1629-1659, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s11187-021-00561-x

https://link.springer.com/article/10.1007/s11187-021-00561-x

Shock propagation channels behind the global economic contagion network. The role of economic sectors and the direction of trade.

E-ISSN 1932-6203

Authors: 

Zita Iloskics, Tamás Sebestyén, Erik Braun

Scope:

• The study examines a cross-country analysis to measure the systemic operation of national economies through the importance of domestic sectors as a supplier
• Using panel-econometric techniques, the study points out the role of the openness and structural asymmetry in shaping this strength

Contribution, novelty:

• The structure of the domestic production network is different across countries in terms of sectors’ centrality and the intensity of the linkages between domestic sectors
• The estimates reveal that openness has a negative, while asymmetry has a positive effect on this index, but other country specific characteristics also play a role in shaping the systemic operation of nationaleconomies

Practical relevance:

• The level of systemic operation can be a useful signal of how resilient an economy is to emerging global shocks such as a pandemic, natural disasters or wars

Reference:

PLoS One, 16(10), e0258309, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s41109-021-00411-5

https://appliednetsci.springeropen.com/articles/10.1007/s41109-021-00411-5

Joint quality and pricing decisions in lot sizing models with defective items

E-ISSN: 1873-7579

Authors: 

Hauck Zsuzsanna, Rabta Boualem, Reiner Gerald

Scope:

• A profit maximization model with consideration of quality screening, pricing and lot sizing.

Contribution, novelty:

• The time spent on the screening is also a decision variable 
• Price-sensitivity quality perception of customers in considered in the demand function.

Practical relevance:

• Optimizing the screening time can have significant impact on the final profit.
• Parameter values (e.g. proportion od defective items, demand function coefficients, penalty cost, salvage value) were examined a high range in order to make the findings applicable for several types of products and industries.

Reference:

International Journal of Production Economics, 241, 108255, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ijpe.2021.108255

https://www.sciencedirect.com/science/article/pii/S0925527321002310

The effects of subclinical ADHD symptomatology on the subjective financial, physical, and mental well-being of entrepreneurs and employees

ISSN 2352-6734

Authors: 

Vörös Zsófia, Lukovszki Lívia

Scope:

• The study examines the effects of subclinical ADHD symptomatology on the subjective quality-of-life outcomes in employment and entrepreneurship.

Contribution, novelty:

• The results indicate that subclinical ADHD impairs only entrepreneurs’ subjective income and harms entrepreneurs’ health perception to a larger extent than that of employees. Yet, the negative effects of ADHD symptomatology on life satisfaction are rather felt among employees.

Practical relevance:

• We argue that these results reflect a relatively good fit between entrepreneurship and subclinical ADHD symptomatology on the needs-supplies dimension but not on the demands-abilities dimension.

Reference:

Journal of Business Venturing Insights, 15, e00240, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.jbvi.2021.e00240

https://www.sciencedirect.com/science/article/pii/S2352673421000184

Develop resilience - a System-Level dynamic indicator for testing the Long-Term impact of planned projects based on a Watershed and a city strategy example

E-ISSN: 1872-7034

Authors:

Kiss Tibor, Kiss Viktor Miklós

Scope:

• Creating a resilient energy-flow structure for an existing system (example: Cone Spring Watershed)
• Develop a system-level dynamic indicator for testing the long-term effectiveness of planned projects in a system.

Contribution, novelty:

• Development of a resilient system structure for an ecological system through an iteration procedure
• A system dynamics model, an integrated assessment tool, is built to test the long-term effect of projects
• Sensitivity analysis optimizes projects' impacts

Practical relevance:

• Testing the long-term effectiveness of the planned investment strategies can help in the allocation of the investment budget.
• Dynamisation of the static input-ouput table with help of a system dynamics model is useful in other research topics as well.

Reference:

Ecological Indicators, 129, 107970, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ecolind.2021.107970

https://www.sciencedirect.com/science/article/pii/S1470160X2100635X

Production dynamics in case of organizational learning

E-ISSN: 1879-0550

Authors: 

Vörös József

Scope:

• The speed of implementing productivity knowledge increase is a key component of competitiveness and for the case when the implementation is instantaneous, an optimal control model is developed.

Contribution, novelty:

• A closed form solution is provided to determine the optimal production level.

Practical relevance:

• If the implmentation of gained knowledge increases is instantenous, then the production rate is constant over time for a zero discount rate and is increasing for positive discount rate.
• If implementation happens step by step, production dynamics will be decreasing in case of zero discount rate and for a positive discount rate,the dynamics can be decreasing and increasing as well.

Reference:

Computers & Industrial Engineering, 157, 107340, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.cie.2021.107340

https://www.sciencedirect.com/science/article/pii/S0360835221002448

Sports activities of 60 above Hungarian elderly-explaining and predicting impact of exercise on health

E-ISSN: 1471-2458

Authors:

Lampek Kinga, Csóka László, Hegedüs Réka, Zrínyi Miklós, Törőcsik Mária

Scope:

• The proportion of elderly is on the rise both in Europe and in Hungary. The challenge is to increase the number of years spent in good health as well as to improve quality of life of those 60 years and above. This study focuses on the impact of physical activity on this age group.

Contribution, novelty:

• The positive relationship between satisfaction with life and self-reported health and relationship between active sporting and personal health was confirmed. 
• It was also confirmed that rapid pace of living and satisfaction with life increased personal health, the biggest gain in health was by frequent physical activity.

Practical relevance:

• The main conclusion of this paper is that physical activity can be the most effective way to improve personal health of our senior citizens.

Reference:

BMC Public Health, 21, 1863, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1186/s12889-020-09974-x

https://bmcpublichealth.biomedcentral.com/articles/10.1186/s12889-020-09974-x

The changing form of overconfidence and its effect on growth expectations at the early stages of startups

E-ISSN 1573-0913

Authors: 

László Szerb, Zsófia Vörös

Scope:

• This study examines the link between entrepreneurs’ beliefs in their entrepreneurial skills and the actual or expected growth of their venture

Contribution, novelty:

• The outcomes of the analyses reinforce that the incongruent results on the relationship between perceived entrepreneurial skills and expected and realized growth may be due to the variations in the form of entrepreneurial overconfidence, the actual and perceived skill relationship and the strengthening effect of the more realistic entrepreneurial expectations

Practical relevance:

• Policy makers could found programs that support new venture owners to appropriately evaluate their skills and the expected outcome of their business

Reference:

Small Business Economics, 57, p. 151-165, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s11187-019-00297-9

https://link.springer.com/article/10.1007/s11187-019-00297-9

Evaluation on the effectiveness of energy policies – Evidence from the carbon reductions in 25 countries

E-ISSN: 1879-0690

Authors: 

Kiss Tibor, Popovics Steve

Scope:

• The paper evaluates the effectiveness of national level policies are in place since 2005, including countries in the EU emissions trading system (EU ETS), nationwide carbon tax policies and hybrid policies. 

Contribution, novelty:

• Total and per capita carbon dioxide emissions continued to rise despite the growth of carbon pricing mechanisms.
• When the increase of the emissions due to economic factors were separated, the emissions still increased in respect of most policy types.

Practical relevance:

• The current economic and social structure might strongly determine the greenhouse gas emissions, therefore, focussing on only emissions reductions is not sufficient.

Reference:

Renewable and Sustainable Energy Reviews Volume 149, 111348,  2021.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.rser.2021.111348

https://www.sciencedirect.com/science/article/pii/S1364032121006341

The strength of domestic production networks: an economic application of the Finn cycling index

E-ISSN: 2364-8228

Authors: 

Braun Erik, Sebestyén Tamás, Kiss Tibor

Scope:

• The study examines a cross-country analysis to measure the systemic operation of national economies through the importance of domestic sectors as a supplier
• Using panel-econometric techniques, the study points out the role of the openness and structural asymmetry in shaping this strength

Contribution, novelty:

• The structure of the domestic production network is different across countries in terms of sectors’ centrality and the intensity of the linkages between domestic sectors
• The estimates reveal that openness has a negative, while asymmetry has a positive effect on this index, but other country specific characteristics also play a role in shaping the systemic operation of nationaleconomies

Practical relevance:

• The level of systemic operation can be a useful signal of how resilient an economy is to emerging global shocks such as a pandemic, natural disasters or wars

Reference:

Applied Network Science, 6(69), 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s41109-021-00411-5

https://appliednetsci.springeropen.com/articles/10.1007/s41109-021-00411-5

Task Characteristics as Source of Difficulty and Moderators of the Effect of Time-on-Task in Digital Problem-Solving

E-ISSN 1541-4140

Authors: 

Zsófia Vörös, Dániel Kehl, Jean-François Rouet

Scope:

• To be able to solve complex information problems in a digital environment is a key 21st century skill
• Authors analyzed data from a large-scale international study in which representative samples of adults had to solve more or less complex problems using standard computer applications 

Contribution, novelty:

• Spending more time on a task is more likely to compensate an average problem solver when task complexity can be attributed to intrinsic task and technology drivers than when complexity stems from the cognitive/metacognitive activities belonging to information problem-solving processes per se, especially acquiring and evaluating information

Practical relevance:

• The interpretation of time-on-task should take the source of difficulty into consideration

Reference:

Journal of Educational Computing Research, 58(8), p. 1494-1514, 2021.

Click here to read the original publication:

DOI: https://doi.org/10.1177/0735633120945930

https://journals.sagepub.com/doi/10.1177/0735633120945930

Analysis of screening decisions in inventory models with imperfect quality items

E-ISSN: 1366-588X

Authors:

Zsuzsanna Hauck, Boualem Rabta, Gerald Reiner

Scope:

• The study examines an Economic Order Quantity (EOQ) model with imperfect quality items where both the cost and the defect detection rate depend on the time devoted to screening.
• Screening time is decision variable jointly with the order quantity.

Contribution, novelty:

• Screening-time dependent screening cost and defect detection functions are defined.
• Nonlinear forms lead to nonconvexities in the total cost function consisting of multiple cost components, e.g. inspection cost, penalty costs, etc. 

Practical relevance:

• Reducing return rates and improving customer satisfaction can be achieved by adjusting the operational parameters, without a significant increase in system cost or new investments.
• Lower screening costs motivate longer screening times, the effectiveness of this operation is only obtained in combination with the reliability of the defect detection method. 

Reference:

International Journal of Production Research, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00207543.2020.1818862

https://www.tandfonline.com/doi/full/10.1080/00207543.2020.1818862

University-Centred Entrepreneurial Ecosystems in Resource Constrained Contexts.

E-ISSN: 1758-7840

Authors:

Zsolt Bedő, Katalin Erdős, Luke Pittaway

Scope:

•  The paper suggests a conceptual framework outlying the structure, components and mechanisms that enable universities to operate as catalysts in the creation of entrepreneurial ecosystems.

Contribution, novelty:

• The presence of a university in resource constrained locations should enhance the prospects of progress but the nature of the university itself would impact any outcomes
• Universities that make concerted efforts to be entrepreneurial and that have entrepreneurship programs have strategies available to them that can enhance entrepreneurship ecosystems over time

Practical relevance:

• The contribution of this paper is to show “how” a university and its entrepreneurship programme can operationally address deficits in a local ecosystem and how it might bring about positive change
• The paper also opens new avenues for entrepreneurship education researchers

Reference:

Journal of Small Business and Enterprise Development, 27(7) p. 1149-1166, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1108/JSBED-02-2020-0060

https://www.emerald.com/insight/content/doi/10.1108/JSBED-02-2020-0060/full/html

Estimating the economic impacts of knowledge network and entrepreneurship development in smart specialization policy

E-ISSN: 1360-0591

Authors:

Attila Varga, Tamás Sebestyén, Norbert Szabó, László Szerb

Scope:

• This paper introduces how enterpreneurship (the REDI) and knowledge networks (the ENQ index) are implemented in the GMR-Europe (geographic, macro and regional) model.

Contribution, novelty:

• The simulations highlight that smart specialization policy targeting the development of enterpreneurship and knowledge networks is not equally successful in all regions.
• The impact of policies depends on several interrelated factors (level of enterpreneurship in the region, the embedness of the region in the interregional knowledge networks, the magnitude of policy shocks, the size of R&D and human capital, etc.).

Practical relevance:

• The model could helpfully contribute to the design of a Smart Specialisation Strategy. 

Reference:

Regional Studies, 54(1), p. 48-59, 2020.

Click here to read the original publication:

DOI: http://doi.org/10.1080/00343404.2018.1527026

https://www.tandfonline.com/doi/full/10.1080/00343404.2018.1527026

Economic impact modelling of smart specialization policy

Which industries should prioritization target?
E-ISSN:1435-5957

Authors:

Attila Varga, Norbert Szabó, Tamás Sebestyén

Scope:

• The Geographic Macro and Regional (GMR)-Hungary policy impact model is exctended with additional features to make this model applicable for economic impact analysis of smart specialization policies.

Contribution, novelty:

• In the illustrative policy simulations, authors applied the two-dimensional framework suggested by Foray (2015) for prioritization: spillover potential and economic significance.
• Simulations with the GMR model is shown to be useful in supporting the prioritization process, as it is able to capture economic impacts of changes in soft dimensions behind regional productivity.

Practical relevance:

• With policy simulations, the paper illustrates how the application of this model helps policy-makers in the prioritization process of S3.

Reference:

Papers in Regional Science, 99(5) p. 1367–1388, 2020.

Click here to read the original publication:

DOI:  https://doi.org/10.1111/pirs.12529

https://rsaiconnect.onlinelibrary.wiley.com/doi/abs/10.1111/pirs.12529

Optimizing entrepreneurial development processes for smart specialization in the European Union

E-ISSN:1435-5957

Authors:

László Szerb, Raquel Ortega-Argilés, Zoltan J. Acs, Éva Komlósi

Scope:

• This paper demonstrates how the Regional Entrepreneurship and Development Index (REDI) can be used to optimize local entrepreneurial discovery processes, in a manner which can support smart specialization strategies (S3)

Contribution, novelty:

• While S3 industry prioritization is based on the identification of local strengths, regional improvement can be achieved by improving the weakest features of the local entrepreneurial ecosystem

Practical relevance:

• Without optimizing the entrepreneurial ecosystem, the industry prioritization alone may not be successful because of the inability of the ecosystem to be able to nurture high growth potential ventures

Reference:

Papers in Regional Science, 99(5) p. 1413-1457, 2020.

Click here to read the original publication:

DOI:  https://doi.org/10.1111/pirs.12536

https://rsaiconnect.onlinelibrary.wiley.com/doi/full/10.1111/pirs.12536

Do economic shocks spread randomly?

A topological study of the global contagion network
E-ISSN: 1932-6203

Authors: 

Tamás Sebestyén, Iloskics Zita

Scope:

• This study draws a map of economic contagion across countries
• This map is tested whether contagion links show up randomly or they exhibit some predictable structure

Contribution, novelty:

• While business cycle synchronization is widely studied, this is the first attempt to provide a topological description of cross-country economic contagion
• Significant non-random topology is found, there is a persistent contagion path in 16% of all possible connections.

Practical relevance:

• Non-random topology reveals systematic patterns in shock-transmission which may help predicting possible contagion paths in future economic turmoils.

Reference:

PloS One, 15(9), e0238626, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1371/journal.pone.0238626

https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0238626

Competencies and success measured by net income among Hungarian HE graduates.

E-ISSN: 1758-6127

Authors:

Gabriella Kuráth, Norbert Sipos

Scope:

• The purpose of this paper is to show the effects of the six competence areas of Garcia-Aracil and Van der Velden (2007) on new graduates' labor market success measured by salary.

Contribution, novelty:

• The analyzed results show that the six competence sets do exist, but that not all of them have a significant effect on salaries
• This paper contributes to understanding better the connection between competencies and labor market success.

Practical relevance:

• Based on the results, more soft-competence development courses and opportunities should be offered by the HEIs.

Reference:

Education + Training 63(3) p. 417-439, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1108/ET-01-2020-0015

https://www.emerald.com/insight/content/doi/10.1108/ET-01-2020-0015/full/html

League Ranking Mobility Affects Attendance: Evidence From European Soccer Leagues

E-ISSN: 1552-7794

Authors: 

Gyimesi András

Scope:

• The study examines a historical panel dataset of 19 European football leagues
• It raises the question, how attendance demand is affected by season to season changes in league rankings

Contribution, novelty:

• Ranking mobility is found to affect stadium attendance, particularly at the top 5 positions
• It suggests that the closeness of competition across
seasons matters for spectators

Practical relevance:

• Spectators respond positively to upsets in the league rankings, so dominance of top teams could be detrimental to the attendance of the league. The European Super League is a warning sign, that unpredictability of domestic leagues should be improved.

Reference:

Journal of Sports Economics, 21(8), p. 808-828, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1177/1527002520944451

https://journals.sagepub.com/doi/10.1177/1527002520944451

Show me the money: Option moneyness concentration and future stock returns

E-ISSN 1096-9934
E-ISSN 1096-9934

Authors: 

Kelley Bergsma, Vivien Csapi, Dean Diavatopoulos, Andy Fodor

Scope:

• The study analyses the options which are not in-the-money due to higher potential gains for a smaller upfront cost

Contribution, novelty:

• The study shows that stock returns increase with AveMoney (a measure of stock-level dollar volume-weighted average moneyness ), suggesting informed options traders prefer to use options that offer higher leverage
• The results are strongest when AveMoney is calculated using call options only, probably because puts are often used for hedging while calls are more often used for speculating on future stock price movements

Practical relevance:

• The study demonstrates that relative trading activity in options of different moneyness levels can signal the direction of future stock returns.

Reference:

Journal of Futures Markets, 40(5) p. 761-775, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1002/fut.22071

https://onlinelibrary.wiley.com/doi/10.1002/fut.22071

The effect of fair valuation on banks' earnings quality: empirical evidence from developed and emerging European countries

E-ISSN 2405-8440

Authors:

András Takács, Tamás Szűcs, Dániel Kehl, Andrew Fodor

Scope:

• This study investigates average earnings quality (AEQ) and its determinants in the European banking sector based on data of 409 European banks from the period 2006–2018

Contribution, novelty:

• The authors find that, while the interest change observed in the total period and the banks' size significantly and negatively affect AEQ, the proportion of fair value assets has a significant positive effect
• They show that the latter is only valid for developed countries

Practical relevance:

• The paper provide clear evidence that the introduction of IFRS 13 resulted in a measurable improvement in fair value regulation

Reference:

Heliyon, 6(12) e05659, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.heliyon.2020.e05659

https://www.sciencedirect.com/science/article/pii/S2405844020325020

The global technology frontier: productivity growth and the relevance of Kirznerian and Schumpeterian entrepreneurship

E-ISSN 1573-0913

Authors:

Esteban Lafuente, Zoltan J. Acs, Mark Sanders, Laszló Szerb

Scope:

• This paper evaluates how country-level entrepreneurship—measured via the national system of entrepreneurship—triggers total factor productivity (TFP) by increasing the effects of Kirznerian and Schumpeterian entrepreneurship

Contribution, novelty:

• The authors employ non-parametric techniques to build a world technology frontier and compute TFP estimates
• The results of the common factor models reveal that the national system of entrepreneurship is a relevant conduit of TFP and that this effect is heterogeneous across countries

Practical relevance:

• The policy-makers need to turn their attention to the development of an appropriate national system of entrepreneurship; and prioritize policies that promote the ‘interconnector’ role of the national systems of entrepreneurship

Reference:

Small Business Economics, 55, p. 153–178, 2020.

Click here to read the original publication:

DOI: http://doi.org/10.1007/s11187-019-00140-1

https://link.springer.com/article/10.1007/s11187-019-00140-1

 

A system dynamics approach for assessing SMEs' competitiveness

E-ISSN 1758-7840

Authors:

Esteban Lafuente, László Szerb, András Rideg

Scope:

 • Drawing on the resource-based view and the configuration theory, this study evaluates the effect of both competitiveness and the configuration of the competitiveness system on performance

Contribution, novelty:

• Results show that the impact of competitiveness-enhancing strategies is conditional on the configuration of the system of competencies
• The findings also indicate that competitiveness positively impacts performance and that the exploitation of competitive strengths leads to superior results among high-competitive businesses

Practical relevance:

• By employing an index methodology, the analysis contributes to unveil how competitiveness impacts business performance

Reference:

Journal of Small Business and Enterprise Development, 27(4) p. 555-578, 2020.

Click here to read the original publication:

DOI: https://doi.org/10.1108/JSBED-06-2019-0204

https://www.emerald.com/insight/content/doi/10.1108/JSBED-06-2019-0204/full/html

Knowledge networks in regional development

An agent based model and its application
E-ISSN: 1360-0591

Authors:

Tamás Sebestyén, Attila Varga

Scope:

• The paper sets out a modelling framework that captures the dynamics of link formation in a knowledge networks and integrates it into a broader economic impact analysis model

Contribution, novelty:

• The paper develops an agent-based model of network formation and estimates the potential economic effects of specific policy interventions in the prioritization process of Smart Specialisation
• The model points to those sectors/fields of activity the support of which sets in motion link formation dynamics resulting in the largest improvement in the learning potential arising from knowledge networks

Practical relevance:

• The proposed method helps to find the optimal policy for regions in the prioritization process of Smart Specialisation.

Reference:

Regional Studies, 53(9), p. 1333–1343, 2019.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00343404.2019.1622663

https://www.tandfonline.com/doi/full/10.1080/00343404.2019.1622663

An analysis of the dynamic price-quality relationship

E-ISSN: 1872-6860

Authors:

József Vörös

Scope:

• The paper examines the operations and marketing interface, highlighting the impact of the demand function and operational efficiency on optimal price 

Contribution, novelty:

• A dynamic model is developed in which demand depends on both price and quality. The applied objective function maximizes the profit and the salvage value of the firm.
• The results highlight that higher quality does not involve price increase necessarily, the type of demand functions plays a key role. 

Practical relevance:

• Quality dynamics may have both increasing and decreasing impact on price.
• Improving operational efficiency softens price increase while quality increases, and many times results in price decrease while quality is improving.

Reference:

European Journal of Operational Research, 277(3), p. 1037-1045, 2019.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ejor.2019.03.032

https://www.sciencedirect.com/science/article/pii/S0377221719302905

Price transmission in the presence of a vertically integrated dominant firm: Evidence from the gasoline market

E- ISSN: 1873-6777

Authors:

Richárd Farkas, Biliana Yontcheva

Scope:

• The paper provides an empirical examination of cost pass-through on a market with a vertically integrated firm which has substantial market power in wholesale and faces competition in retail
• This investigation focuses on gasoline pricing in Hungary

Contribution, novelty:

• The research demonstrates the importance of monitoring the behavior of vertically integrated firms on all tiers of the production and distribution process
• This find a positive relationship between market power and pass-through asymmetry 

Practical relevance:

• From a policy perspective, it needs to re-evaluate optimal regulation whenever there are changes in the level of concentration at any point in the production and distribution of the goodount rate,the dynamics can be decreasing and increasing as well.

Reference:

Energy Policy, 126, p. 223-237, 2019.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.enpol.2018.11.016

https://www.sciencedirect.com/science/article/pii/S0301421518307390

The relevance of quantity and quality entrepreneurship for regional performance: the moderating role of the entrepreneurial ecosystem.

E-ISSN: 1360-0591

Authors:

László Szerb, Esteban Lafuente, Krisztina Horváth, Balázs Páger

Scope:

• This study analyzes how the entrepreneurial ecosystem and different types of entrepreneurship impact regional performance

Contribution, novelty:

• This study proposed that quantity- and quality-based entrepreneurship have a heterogeneous impact on territorial outcomes, measured via GVA per worker and employment growth
• Furthermore, it emphasized the relevance of the regional entrepreneurial ecosystem as a key factor moderating the role of different types of entrepreneurship on regional performance

Practical relevance:

• The analysis of the outcomes that flow from the connection between the entrepreneurial ecosystem and different types of entrepreneurship contributes to identify policy actions that can help optimize territories’ available resources and, ultimately, lead to a greater territorial economic growth

Reference:

Regional Studies, 53(9), p. 1308-1320, 2019.

Click here to read the original publication:

DOI: https://doi.org/10.1080/00343404.2018.1510481

https://www.tandfonline.com/doi/full/10.1080/00343404.2018.1510481

Past themes and future trends in medical tourism research: A co-word analysis

E-ISSN: 1879-3193

Authors:

Andrea de la Hoz-Correa, Francisco Muñoz-Leiva, Márta Bakucz

Scope:

• The purpose of this paper is to analyze the evolution of medical tourism (MT) research from a longitudinal perspective (period 1931–2016). 
• A co-word analysis was applied to themes found in published research listed in the Web of Science (WoS) and Scopus database services.

Contribution, novelty:

• This study is one of the first attempts to use a bibliometric approach and co-word analysis so as to offer powerful insight into the conceptual structure of MT research from academic literature and to visualize all the underlying and interconnected subfields. 

Practical relevance:

• The results  provide a guide to researchers by improving the understanding of the current state of the art and predicting the direction of future research.

Reference:

Tourism Management, 68, p. 200-211, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.tourman.2017.10.001

https://www.sciencedirect.com/science/article/pii/S0261517717302200

Innovative potential for development of Europe’s neighbouring countries and regions

E-ISSN 1432-0592

Authors:

Edward M. Bergman, Attila Varga

Scope:

• This study attempts to illuminate key innovative factors that underlie the fragile but important relationships between Europe and its immediate regional neighbours during the EU post-accession period.

Contribution, novelty:

• The paper highlights that helping neighbouring states and regions to become more friendly, stable, and prosperous depends upon their ability to tap innovative sources of development. The generation and exploitation of the newest innovations remains the province of advanced countries and regions, others following as they become capable of deploying valuable innovations. 

Practical relevance:

• This study hews closely to the economic development goals of the ENP by examining forces and factors that underlie the ability of neighbouring regions and countries to acquire and exploit innovative technologies, which are seen as the key element of a successful ENP.

Reference:

Annals of Regional Science, 60(3) p. 443-449, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s00168-017-0826-5

https://link.springer.com/article/10.1007/s00168-017-0826-5

Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

E-ISSN 1573-0913

Authors:

Zoltán J. Acs, Saul Estrin, Tomasz Mickiewicz, László Szerb

Scope:

• This study analyzes conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship.

Contribution, novelty:

• The paper investigates whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth.
• The paper builds on the concept of National Systems of Entrepreneurship (NSE) as resource allocation systems that combine institutions and human agency into an interdependent system of complementarities.

Practical relevance:

• The study explores the empirical relevance of these ideas using data from a representative global survey and institutional sources for 46 countries over the period 2002–2011.  
• The empirical analysis finds support for the role of the entrepreneurial ecosystem in economic growth.

Reference:

Small Business Economics, 51(2), p. 501-514, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s11187-018-0013-9

https://link.springer.com/article/10.1007/s11187-018-0013-9

Ecology-related resilience in urban planning – A complex approach for Pécs (Hungary)

E-ISSN: 1873-6106

Authors:

Kiss Tibor, Kiss Viktor Miklós

Scope:

• Introducing an urban planning methodology with a resilient strategy structure, based on the selected projects.

Contribution, novelty:

• A sustainable city strategy is developed
• Sustainable city strategy is better if it has a resilient structure
• A methodology is given for testing the resilient structure.

Practical relevance:

• The world's knowledge about sustainable cities can also be organized into a resilient structure
• "Rule of thumb" is given for practical use of the methodology.

Reference:

Ecological Economics 144, p. 160–170, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ecolecon.2017.08.004

https://www.sciencedirect.com/science/article/pii/S092180091730647X

Entrepreneurship development in Russia: is Russia a normal country?

An empirical analysis
E-ISSN: 1758-7840

Authors:

László Szerb, William N. Trumbull

Scope:

• The purpose of this paper is to  investigate whether Russia is a normal country in terms of entrepreneurship by comparing Russia with other post-socialist and similarly developed countries.

Contribution, novelty:

• In this study the authors use the Global Entrepreneurship Index (GEI) methodology to analyze Russia’s quality-related individual as well as institutional features from a system perspective in a single model.
• The single-model framework reveals that individual factors are even greater obstacles to entrepreneurship development in Russia than the institutional factors that most studies focus on.

Practical relevance:

• The results show that conditions supporting entrepreneurship in Russia lag seriously behind other post-socialist countries.
• Russia’s individual scores are even lower than the institutional ones. 
• Hence, improving the hostile environment alone would not be sufficient for entrepreneurship development.

Reference:

Journal of Small Business and Enterprise Development, 25(6) p. 902-929, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.1108/JSBED-01-2018-0033

https://www.emerald.com/insight/content/doi/10.1108/JSBED-01-2018-0033/full/html

The role of landscape preferences in the travel decisions of railway passengers: Evidence from Hungary

E-ISSN: 2199-6202

Authors:

Bence Somogyi, János Csapó

Scope:

•This study provides an evaluation method for the landscape preferences of passengers travelling on Hungarian railway lines, demonstrating how the landscape around the railways could become an attraction during the travel. 
•  The study is based on the exploration of the relationship between the subjective value appraisal of railway passengers and objective indicators of land use.

Contribution, novelty:

• The results show what types of landscape appearance would be needed in order to generate travel decisions for tourists and also how the travel experience itself could become a tourism product.

Practical relevance:

•  The results  provide a guide to researchers by improving the understanding of the current state of the art and predicting the direction of future research.

Reference:

Moravian Geographical Reports, 26(4), p. 298-309, 2018.

Click here to read the original publication:

DOI: https://doi.org/10.2478/mgr-2018-0024

https://www.scipedia.com/public/Somogyi_Csapo_2018a

Place-based, Spatially Blind, or Both?

Challenges in Estimating the Impacts of Modern Development Policies: The Case of the GMR Policy Impact Modeling Approach
E-ISSN 1552-6925

Authors:

Attila Varga

Scope:

• This study surveys the most important modeling challenges raised by the two modern economic development approaches: the space-neutral and the place-based approaches.

Contribution, novelty:

• To illustrate how economic models can respond to
these challenges the author briefly introduces the GMR-Europe model.
• It is found that promoting research excellence in leading agglomerations combined with human capital development in the rest of the regions in Europe could result in a sustained positive GDP impact of EU Framework Programs at the aggregate EU level.
• It is also important to emphasize that the aggregate impact masks marked regional differences.

Practical relevance:

• This paper suggests macroeconomic models that integrate geography could usefully help policymakers in their choice among different complex geography-instrument mixes.

Reference:

International Regional Science Review, 40(1), p. 12-37, 2017.

Click here to read the original publication:

DOI: https://doi.org/10.1177/0160017615571587

https://journals.sagepub.com/doi/10.1177/0160017615571587

Does EU Framework Program Participation Affect Regional Innovation?

The Differentiating Role of Economic Development
E-ISSN 1552-6925

Authors:

Attila Varga, Tamás Sebestyén

Scope:

• This paper assumes that the overall missing impact of European Union Framework Program participation on regional patenting masks an important spatial regime effect.

Contribution, novelty:

• The results strongly support the assumption of the paper. 
• While FP research subsidies act as a substitute for funding from other sources in regions of old EU member states and capital regions in CEE countries, innovation in peripheral Central and Eastern European regions tends to rely more on the external knowledge transferred via FP funded research networks to compensate for their less developed local knowledge infrastructures.

Practical relevance:

•The findings suggest that, in combination with other policies, strengthening research excellence and international scientific networking in relatively lagging regions (such as regions in CEE countries) could be a viable option to increase regional innovativeness.

Reference:

 International Regional Science Review, 40(4), p. 405-439, 2017.

Click here to read the original publication:

DOI: http://doi.org/10.1177/0160017616642821

https://journals.sagepub.com/doi/abs/10.1177/0160017616642821

Properties and comparison of risk capital allocation methods

E-ISSN: 1872-6860

Authors:

Dóra Balog, Tamás László Bátyi, Péter Csóka, Miklós Pintér

Scope:

• This paper is a guide for both researchers and practitioners in risk capital allocation. 
• If a financial unit consists of subunits, then the risk of the main unit should be allocated to the subunits using a risk capital allocation method in a fair way.

Contribution, novelty:

• In this study the authors analyze seven risk capital allocation methods applying coherent measures of risk. 
• The study proves how the seven methods perform in terms of ten fairness properties. 
• The simulation of Core Compatibility in 24 treatments is up to nine subunits.

Practical relevance:

• The conclusion of the results show that some of the ten properties should be given up in practice. 
• The paper can serve as a useful guide for both practitioners and researchers.

Reference:

 European Journal of Operational Research, 259(2) p. 614-625, 2017.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.ejor.2016.10.052

https://www.sciencedirect.com/science/article/pii/S037722171630902X

Measuring quality perception in electronic commerce: a possible segmentation in the Hungarian market

E-ISSN: 1758-5783

Authors:

Ildikó Kemény, Judit Simon, Ákos Nagy, Krisztián Szűcs

Scope:

• The purpose of this paper is to provide a description of an analysis into the relationship of the dimensions of perceived e-SQ and satisfaction as well as WOM intention in case of an online bookstore in Hungary where technical development and internet penetration is emerging; however, it is developing from an economic perspective. 
• Beyond this a potential segmentation is introduced in the Hungarian market.

Contribution, novelty:

• According to the research only the dimension of efficiency and responsiveness have a significant positive effect on satisfaction, and beside these the quality perception of fulfilment has a significant influence on WOM intention.
• Using the relevant latent variable scores segmentation was conducted and four clusters were identified. 

Practical relevance:

• According to the results the study suggests that web-shops managers should focus not only on online characteristics but also on offline, human-based interactions and the service quality of their delivery partners.

Reference:

Industrial Management & Data Systems, 116(9) p. 1946-1966, 2016.

Click here to read the original publication:

DOI: https://doi.org/10.1108/IMDS-09-2015-0398

https://www.emerald.com/insight/content/doi/10.1108/IMDS-09-2015-0398/full/html

Issues and solutions relating to Hungary's electricity system

E-ISSN 1873-6785

Authors:

Viktor Miklós Kiss, Zsolt Hetesi, Tibor Kiss

Scope:

•The paper developed a model capable of simulating the electricity system of Hungary. 
•It was used to simulate three possible scenarios for the electric power system for 2030.

Contribution, novelty:

•The results of the simulations show that developing the changes proposed in the scenario of the authors,  Hungary would operate an electric power system which is diversified with respect to fuel input, has double the renewable energy share than the business as usual scenarios, and uses 38% domestic sources to cover its electricity demand, compared to 15.8% for the business as usual scenarios. 
•Also, its emission intensity would be 35% less than the
business as usual scenario where the current centralized, fossil fuel
based production strategy would continue.

Practical relevance:

• This much more secure and environment friendly electric power system would not be unaffordable, as it was shown that the development and the operation of such a system could be 3.4%-32.3% more expensive to build and operate. 
•This costs could be outweighed by the tremendous advantages in energy security and environmental impact.

Reference:

ENERGY, 116: 329-340, 2016.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.energy.2016.09.121

https://www.sciencedirect.com/science/article/abs/pii/S0360544216313937

Economic impact assessment of alternative European Neighborhood Policy (ENP) options with the application of the GMR-Turkey model

E-ISSN 1432-0592

Authors:

Attila Varga, Mete Basar Baypinar

Scope:

• This paper applies the GMR-Turkey policy impact model to estimate the likely regional effects of a selected set of policies suggested in the European Neighborhood Policy literature. 

Contribution, novelty:

• The study groups the policy suggestions into two alternative sets of measures, which became the bases of two alternative scenarios of regional economic development, the Conservative scenario and the Technology- and innovation-based development scenario.

Practical relevance:

• The results suggest that a persistent and systematic long-term regional technology development-based economic policy which applies measures such as investment, education and R&D support, promotion of better connectedness to EU research networks and increased physical accessibility to developed markets could in the longer run result in higher levels of regional and national production together with decreasing interregional differences than a scenario supporting the expansion of traditional industries in the region.

Reference:

ANNALS OF REGIONAL SCIENCE, 56(1): 153-176, 2016.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s00168-015-0725-6

https://link.springer.com/article/10.1007/s00168-015-0725-6

Process quality adjusted lot sizing and marketing interface in JIT environment

E-ISSN 1872-8480

Authors:

József Vörös, Gábor Rappai

Scope:

• This study developes a new lot sizing model in JIT environment. 
• The characteristics of the total cost is analyzed as a function of demand, and suggests a way to determine the optimum demand volume in the contracts.

Contribution, novelty:

• As the occurrence of problems (deviations and variability) is natural, the authors consider both the output of the assembly line and the frequency of violating the Jidoka principle (cars with quality problem are tagged and go through the assembly line arriving at the clinic area and waiting for repairing) random variables.
• These two random factors result in new lot sizing rules and modify the traditional formulae.  
• The results prove that the sales volume minimizing this function decreases when backlogging costs increase.

Practical relevance:

• The analysis of the case emphasizes the importance of the inclusion of the clinic area into the discussion not only because in JIT systems clinic area exists, but the last two propositions indicate that core problems may behave differently.

Reference:

APPLIED MATRHEMATHICAL MODELLING, 40(13-14): 6708-6724, 2016

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.apm.2016.02.011

https://www.sciencedirect.com/science/article/pii/S0307904X16300750

The non-emptiness of the weak sequential core of a transferable utility game with uncertainty

E-ISSN: 1873-1538

Authors:

Tibor Németh, Miklós Pintér

Scope:

• This study introduces a subclass of transferable utility games with uncertainty, the class of generalized balanced games with universal veto control–which class properly includes the class of convex transferable utility games with uncertainty.

Contribution, novelty:

• This paper gives a necessary and sufficient condition for the non-emptiness of the weak sequential core.
• It is shown that a transferable utility game with uncertainty has a non-empty weak sequential core if and only if it is uniformly P-balanced on the cores.

Practical relevance:

• The results shows that every generalized balanced game with universal veto control has a non-empty weak sequential core.

Reference:

JOURNAL OF MATHEMATICAL ECONOMICS, 69: 1-6, 2016.

Click here to read the original publication:

DOI: https://doi.org/10.1016/j.jmateco.2016.12.002

https://www.sciencedirect.com/science/article/pii/S0304406816302919

Country level efficiency and National Systems of Entrepreneurship: A Data Envelopment Analysis approach

E-ISSN 1573-7047

Authors:

Esteban Lafuente, László Szerb, Zoltán J. Acs

Scope:

•This paper tests the efficiency hypothesis of the knowledge spillover theory of entrepreneurship.

Contribution, novelty:

• Results support the efficiency hypothesis of knowledge spillover entrepreneurship. 
• The paper shows that innovation-driven economies make a more efficient use of their resources, and that the accumulation of market potential by existing incumbent businesses explains country-level inefficiency.
• Regardless of the stage of development, knowledge formation is a response to market opportunities and a healthy national system of entrepreneurship is associated with knowledge spillovers that are a prerequisite for higher levels of efficiency. 

Practical relevance:

• Public policies promoting economic growth should consider national systems of entrepreneurship as a critical priority, so that entrepreneurs can effectively allocate resources in the economy.

Reference:

JOURNAL OF TECHNOLOGY TRANSFER, 41(6): 1260-1283, 2016.

Click here to read the original publication:

DOI: https://doi.org/10.1007/s10961-015-9440-9

https://link.springer.com/article/10.1007/s10961-015-9440-9