Open AccessModelling financial sustainability of clusters: The case of Hungary
Author(s) -
Edit Éva Kiss,
Amarilla Lukács
Publication year - 2021
Publication title -
european spatial research and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.323
H-Index - 10
eISSN - 1896-1525
pISSN - 1231-1952
DOI - 10.18778/1231-1952.28.1.15
Subject(s) - sustainability , cluster (spacecraft) , work (physics) , cluster analysis , term (time) , business , economic system , economics , computer science , engineering , physics , ecology , artificial intelligence , mechanical engineering , quantum mechanics , biology , programming language
In Hungary, like in other post-socialist countries, clustering started only around the turn of the millennium. However, the mostly top-down organised clusters seemed not to be viable because the basic requirements of long-term operation, such as financial support and sufficient number of members, were not fulfilled. Thus, the main aim of this paper is to establish such a cluster-model which is applicable for the examination of clusters’ opportunity to be self-supporting under different circumstances. By determining the criteria of the long-term financial sustainability of clusters, the model and its simulations can considerably support the work of cluster managers and the competitiveness of clusters.