Model of Local Economic Development in Hungarian Countryside

Abstract

Abstract During and the following years of economic crisis that started in 2008, the European Union did not find reliable answers to some negative effects of downturn. This was highly true in East Central Europe, in the ex-socialist countries. Regional differences increased at the expanse of rural areas. The inefficient efforts to revitalize rural countryside echoed new. The main aim of the paper is to investigate on the necessary elements and mechanisms of employment growth in Hungarian rural areas. Based on the original applied research series conducted in 2012–2013 and 2015–2016, and the publication of the first results in line with the relevant literature, the authors built a general model inspired by geographical spheres for practical use of stakeholders and policymakers. The parts of the model, the interrelations, mechanisms and functions between them were the subject matter of this paper. The authors expect debate on further generalization of the model.