Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report

Lall, Sanjaya

doi:10.1016/s0305-750x(01)00051-1

Cited by 377 publications

(260 citation statements)

References 18 publications

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“…Given the low number of observations we are forced to use a combined index in our model. Even though there are huge problems in measuring technological capabilities and institutions (see Lall 2001), the composite GCI is probably the best combined index available that covers these two factors simultaneously.…”

Section: Growth Competitiveness Index (Gci)mentioning

confidence: 99%

Types of Entrepreneurship and Economic Growth

Stam¹,

Stel²

2011

Entrepreneurship, Innovation, and Economic Development

115

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In this paper, we empirically investigate the effect of entrepreneurship on economic growth at the country level. We use data from the Global Entrepreneurship Monitor, which provides comparative data on entrepreneurship from a wide range of countries. An important element of this paper is that we compare the effects of entrepreneurial activity on economic growth in high income, transition and low income countries. This dataset also enables us to make a distinction between the effects of entrepreneurship in general and growth-oriented entrepreneurship in particular. We present empirical tests of the impact of entrepreneurial activity on GDP growth over a four year period for a sample of 36 countries. Our empirical analyses suggest that entrepreneurship does not have an effect on economic growth in low income countries, in contrast to transition and high income countries where especially growth-oriented entrepreneurship seems to contribute strongly to macroeconomic growth.

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Section: Growth Competitiveness Index (Gci)mentioning

confidence: 99%

Types of Entrepreneurship and Economic Growth

Stam¹,

Stel²

2011

Entrepreneurship, Innovation, and Economic Development

115

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“…It is very often discussed topic and lots of policy makers express serious interest about competitiveness at macroeconomic level, but such interest is not new, new is its intensity and spread [1]. Competitiveness is not only a mystic word; there are lots of experts and institutions which focus on competitiveness at macroeconomic level (or national competitiveness) and attempt to specify determinants and processes that affect national competitiveness.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

Tomáš¹

2015

JOEBM

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Abstract-The paper deals with economic freedom and its effect on national competitiveness. There are two goals examined within the paper. At first, I examine if economic freedom causes national competitiveness by means of the Granger causality test. Secondly, the effect of economic freedom on national competitiveness is tested using panel data for the period 2004-2011. Three groups of countries were selected: economic free, Visegrad four and repressed countries. Economic freedom and national competitiveness are quantified by comprehensive indicators: Index of economic freedom and Global competitiveness index. The results suggest that economic freedom causes national competitiveness in countries with higher degree of economic freedom. Positive effect on national competitiveness was found out.

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“…Analyzing a few popular indexes, they find that the rankings in the indexes appear to be misleading, not because of wrong indicators, but because the estimation of the scores ignores inherent uncertainty. On similar lines, Lall (2001) finds that developing countries' policy makers worry about national competitiveness and closely watch indexes ranking internationals competitive performance as that influences FDI in the country. However, deficiencies in the indexes exist at several levels: the definitions are too broad, the approach biased and the methodology flawed.…”

Section: Review Of Literaturementioning

confidence: 97%

Relevance of country-level competitiveness indexes in Asian economies: a critical review

Das

Kaul

2017

AJER

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This paper investigates popular country-level competitiveness indexes, analyzes their structural validity and assesses their ability to explain performance of economies and firms in key Asian economies. Time series cross correlation technique has been used to identify (a) presence of relationship between indexes, (b) presence of relationship between an index and macroeconomic performance of the country and (c) presence of relationship between an index and firm-level performance in the country. Analysis shows issues with the construct of indexes, presence of a large number of interdependent variables and significant presence of subjective data points collected through opinion polls, leading to a lack of robustness. It is also found that indexes do not correlate with each other in time series analysis. Indexes are able to explain macroeconomic performance of a nation, but they fail to relate to firm-level performance, suggesting reducing practical applicability of the indexes. Practitioners who utilize country-level competitiveness indexes for policy decisions or business decisions will be find the results insightful.

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Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report

Cited by 377 publications

References 18 publications

Types of Entrepreneurship and Economic Growth

Types of Entrepreneurship and Economic Growth

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

Relevance of country-level competitiveness indexes in Asian economies: a critical review

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