Analysis of the economic performance and competitiveness of the European Union countries

Marčeta, Milja; Bojnec, Štefan

doi:10.5937/sjm17-31944

Cited by 4 publications

(2 citation statements)

References 30 publications

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“…In relation to this, it is important to form some new views on the concept of the competitiveness of countries, although the traditional and undoubtedly interesting concepts and their practical aspects [8], [9], [10], [11], [12], undoubtedly, have a special place in the field of socio-economic theory and politics.…”

Section: Literature Reviewmentioning

confidence: 99%

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Bedianashvili,

Kokhreidze

2024

TEM Journal

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In modern conditions, the challenges caused by the growth of uncertainty lead to the formation of new conceptual views on the competitiveness of countries and the high importance of their practical application, which is especially relevant for countries on the path of integration into the European Union. This article delves into the issue of competitiveness within countries' socio-economic systems, considering the influence of contemporary confrontational globalization. It argues that the concept of global sustainable competitiveness, along with its corresponding model, is fitting for addressing these challenges. The research is based on empirical methods, such as panel regression and structural equation modeling. This model concept can be used as a methodological framework in the process of building policies increasing competitiveness of the country. The results of the study are interesting for the systems representation of the problem of sustainability of the countries on the way to the EU membership, for the formation of the appropriate mechanisms for rise of promoting their sustainable competitiveness in the face of modern globalization.

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Section: Literature Reviewmentioning

confidence: 99%

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Bedianashvili,

Kokhreidze

2024

TEM Journal

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“…Increasing global and macro-regional linkages at the EU level allows exports to become more intensive and competitive globally. Global competitiveness varies widely across the EU-28 countries (Mar ceta and Bojnec, 2020Bojnec, , 2021Bojnec, , 2022.…”

Section: Introductionmentioning

confidence: 99%

Trade openness, global competitiveness, and catching up between the European Union countries

Marčeta

Bojnec

2022

RIBS

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Purpose This study aims to establish the position of the European Union (EU-28) countries in the dynamics of international trade openness linkages and the Global Competitiveness Index (GCI) in correlation with the gross domestic product (GDP) per capita, research and development (R&D) expenditures, innovation capability and information and communication technology (ICT) adoption. Design/methodology/approach In the panel data set, comparative analyses were applied to scatter diagrams, correlation and regression analyses and structural equation models using Eurostat and World Economic Forum (WEF) data for the EU-28 countries in the period 2008–2019. Findings The empirical results did not confirm the hypotheses that a positive correlation exists between GCI and trade openness indicators and between GDP per capita and GCI. The ICT adoption and innovation capability increase GCI, which affects GDP per capita. Practical implications The empirical results provide a better understanding of the importance of trade policies, particularly in terms of trade openness and trade shares of the EU-28 countries, as it could contribute to increasing the GCI of the EU-28 countries. Furthermore, the results of this study underline the importance of ICT adoption and innovation capability and the need for appropriate government policies that improve global competitiveness. Originality/value This study, through empirical analysis, demonstrates the existence of correlations between trade openness (exports as % of GDP, imports as % of GDP and export market shares as % of world trade), R&D expenditures, innovation capability, ICT adoption, GDP per capita and the GCI in the EU-28 countries. In addition, this study contributes managerial and policy-based implications on driving forces of global competitiveness.

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The Relationship Between Global Competitiveness and Export Performance: The Case of OECD Countries

Öztürk

KURT

2023

Fiscaoeconomia

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Bu çalışmanın amacı, OECD ülkeleri için 2006-2019 dönemi arasında küresel rekabet endeksi, temel gereklilikler endeksi, etkinliği artırıcılar endeksi, yenilik ve gelişmişlik endeksi ile ihracat performansı arasındaki ilişkiyi analiz etmektir. Analiz kapsamında yatay kesit bağımlılığı dikkate alan ve durağan olmama durumunda da etkin bir tahminci olan Genişletilmiş Ortalama Grup (AMG) tahmincisi kullanılarak heterojen panel veri analizi uygulanmıştır. AMG tahmincisinden elde edilen bulgulara göre, panelin genelinde küresel rekabet endeksi, temel gereklilikler endeksi, etkinliği artırıcılar endeksi, yenilik ve gelişmişlik endeksi ile ihracat performansı arasında pozitif ve istatiksel olarak anlamlı bir ilişki olduğu tespit edilmiştir.

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Analysis of the economic performance and competitiveness of the European Union countries

Cited by 4 publications

References 30 publications

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Trade openness, global competitiveness, and catching up between the European Union countries

The Relationship Between Global Competitiveness and Export Performance: The Case of OECD Countries

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