Tamás Sebestyén on Networks, Value Chains and Catching Up –  Why Foreign Investment Alone Is Not Enough

In episode 10 of the RegInno podcast, Raj and Andra Riandita welcome Tamás Sebestyén, Vice Dean of the Faculty of Business and Economics at the University of Pécs and head of the EconNet research team.

Tamás explains how he moved from growth economics into network science, and why the structure of global value chains matters for regional development. Drawing on global input-output tables and Hungarian firm-level VAT transaction data, he discusses a central finding from his work on Central and Eastern Europe: attracting multinational firms is not by itself enough. Domestic firms gain in productivity, export entry and product diversification only when they actually connect to foreign firms as suppliers, and that connection tends to build gradually, from simple parts supply towards genuine joint innovation. The conversation also covers the practical barriers to accessing administrative and private-sector data for research, and the network metrics used to measure how dual or how integrated a national economy is.
 
 
 
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Episode transcript will be available shortly