Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1480969
An empirical analysis of factors affecting competitiveness of C.E.E. countries
Valentina Diana Rusu
orcid.org/0000-0002-5974-9150
; Department for Interdisciplinary Research in Social Sciences and Humanities, Alexandru Ioan Cuza University of Iasi, Iasi, Romania
Angela Roman
; Faculty of Economics and Business Administration, Department of Finance, Money and Public Administration, Alexandru Ioan Cuza University of Iasi, Iasi, Romania
Sažetak
This paper analyses the main economic factors that are influencing the
competitiveness of Central and Eastern European (C.E.E.) countries.
The research was carried out on a sample of ten countries (Bulgaria,
Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania,
Slovenia and Slovakia), over the period 2004–2016. These countries
were grouped by their stage of economic development, respectively:
efficiency driven economies, in transition between efficiency and
innovation and innovation driven economies. An econometric
analysis on panel data was used, considering as a dependent
variable the competitiveness of a country, quantified by the Global
Competitiveness Index. As independent variables, we took into
account a set of seven macroeconomic and business environment
indicators which could have an impact on a country’s competitiveness.
The results obtained show important differences between countries,
but also some resemblance. Although all the considered countries are
emerging ones, the factors that have a significant influence on the
competitiveness differ significantly. Thereby, if for efficiency-driven
countries, G.D.P., inflation rate, trade, labour productivity and costs
are important determinants of competitiveness, for innovation-driven
countries the determinants of competitiveness are: G.D.P., inflation
rate, tax rate, F.D.I., trade and costs. As regards the C.E.E. countries
in transition only G.D.P., inflation rate and labour productivity are
determinants of competitiveness.
Ključne riječi
C.E.E. countries; competitiveness; global competitiveness index; economic growth; panel data
Hrčak ID:
221065
URI
Datum izdavanja:
3.12.2018.
Posjeta: 2.240 *