Modelling financial sustainability of clusters: The case of Hungary

Eva Kiss; Amarilla Lukács

doi:10.18778/1231-1952.28.1.15

Authors

Eva Kiss Sopron University, Faculty of Economics, Geographical Research Institute, Research Centre for Astronomy and Earth Sciences, H-9400 Sopron Erzsébet u 9, Hungary https://orcid.org/0000-0003-3605-9402
Amarilla Lukács Sopron University, Faculty of Economics, Linde Gáz Magyarország Zrt, H-9653 Répcelak, Carl von Linde u.1, Hungary https://orcid.org/0000-0003-4497-941X

DOI:

https://doi.org/10.18778/1231-1952.28.1.15

Keywords:

clusters, financial sustainability, model, simulation, Hungary

Abstract

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.

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