Izvorni znanstveni članak
https://doi.org/10.30924/mjcmi.26.si.3
Assessing international competitiveness and its role towards the economic prosperity within EU integration framework
Jelena Stanojević
; International Business College Mitrovica, Kosovo
Gabrijela Veličković
; International Business College Mitrovica, Kosovo
Sažetak
Enhancing competitiveness in the era of globalization has become an essential topic of academic and policy debates for all contemporary economies. The role of a country’s competitiveness has been addressed by many scholars aiming to assess the extent to which this concept is associated with economic prosperity matters, such as social welfare and attracting foreign direct investments. Along with this debate, there has been a growing interest in understanding the linkages between the competitive forces and the gap in economic progress across the EU members, this being one of the main concerns within the EU. Filling this gap and achieving greater convergence among the EU countries has been one of the critical goals in shaping the European structural policy reforms. However, following the empirical findings, there has been little consensus on what are the main sources of a country’s economic progress as addressed through the prism of national competitiveness, particularly if being studied in the context of EU integration. In this context, the study aims to assess the economic performance of the countries that joined the EU first and those that joined last, concerning its linkages with a country’s international competitiveness. The focus is placed on innovation and business sophistication factors’ relative significance and contribution to the economic growth for the observed period (2008-2017). The analysis is based on the World Economic Forum methodology for measuring the Global Competitiveness Index and World Bank database. The research is conducted through comparative analysis, as well as regression analysis aiming to evaluate the relationship between competitiveness and economic development indicators. The findings of the study emphasize a better understanding of the importance of the EU accession date for the country’s overall competitiveness and economic performance, as well as the contribution of R&D innovation and business sophistication, as more advanced competitiveness factors, to economic prosperity and development.
Ključne riječi
economic performance; international competitiveness; competitiveness factors; research & development; innovation; EU countries
Hrčak ID:
260181
URI
Datum izdavanja:
22.7.2021.
Posjeta: 1.443 *