Abstract
The importance of this research stems from the need to ensure the sustainability of cross-border cooperation through a better understanding of its determinants and causal relationships. While having common features and patterns, cross-border cooperation is always expressed through the relations of specific countries and peoples. Therefore, based upon the PLS-SEM methodology, the authors consider the fundamental factors influencing the external cooperation of Hungary’s transboundary regions. The advantage of the PLS-SEM method is that it enables researchers to simultaneously identify and approximate hidden connections between input data and to construct a regression model describing the relationship between input data. Despite widespread application in economic studies, the authors have not found the use of PLS-SEM for studying cross-border cooperation issues in the current scientific literature. The authors have built a model to assess the hidden factors of cross-border cooperation and to identify the indirect influence of certain factors. The novelty of the research is to identify the determinants of sustainable cross-border cooperation and the relationship between them in a multi-level system of cross-border interaction between businesses, people, and the State. In the Hungarian context, transport infrastructure and business travel are shown to have a direct positive impact on cross-border cooperation. For the first time, tourism and socio-economic conditions have been shown to have powerful but indirect impacts. This work could be the beginning of gathering new evidence on the determinants and causation of cross-border cooperation in the context of other countries. An important finding of the study is the growing importance of indicators of the new, post-industrial economy. As for recommendations, the authors focus on state, regional, and municipal support measures, awareness of the possibilities of cross-border cooperation, the need to develop e-commerce, and alternative energy as a modern basis for converting Hungary’s cross-border position into a competitive advantage.
Highlights
Due to the geographical location, Hungary has many and various opportunities for cross-border cooperation, as we present in our study
Various hypotheses were put forward to show the determinants of susIn this study, various hypotheses were put forward to show the determinants of tainable cross-border cooperation, to expose the phenomenon as a multidimensional catsustainable cross-border cooperation, to expose the phenomenon as a multidimensional egory positively affected by business trips, transport infrastructure, tourism, and sociocategory positively affected by business trips, transport infrastructure, tourism, and socioeconomic development
The study produced a model for the analysis of cross-border cooperation, which includes widely discussed constructs such as transport infrastructure, tourism, and socioeconomic conditions [11,12,44,45,46,47]
Summary
Cross-border cooperation is one of the most important challenges for the sustainable development of a country. In EU countries, cross-border cooperation is seen as a way of solving common problems and making the best use of the potential of neighboring territories [1]. Within the framework of major economic unions, sustainable cross-border cooperation is a good way to strengthen foreign economic ties in the cultural, economic, technological, tourism, and environmental spheres [2,3,4,5]. The exchange of resources reduces differences in the standard of living of the population and the income levels of countries. Sustainable cross-border cooperation strengthens the economic capacity of Sustainability 2022, 14, 893.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have