2021
DOI: 10.3390/su132111689
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The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies

Abstract: Improving national competitiveness is fundamental to raising long-term economic growth rates and enhancing living standards. The determinants of competitiveness change along with macroeconomic factors, business environment and consumer demand. These changes are visible in the growing importance of digitalization of enterprises of all sectors that has become a critical factor for competitiveness in recent years and will likely become even more essential. The main determinants of competitiveness performance in t… Show more

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Cited by 40 publications
(31 citation statements)
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“…The Spearman's correlation coefficient can take a range of values from −1, in case of perfect negative correlation, to +1, in case of perfect positive correlation between ranks ( 41 43 ). The used methods enable to rank the EU countries according to the selected criteria and to follow the competitiveness of the countries ( 44 , 45 ).…”
Section: Methodsmentioning
confidence: 99%
“…The Spearman's correlation coefficient can take a range of values from −1, in case of perfect negative correlation, to +1, in case of perfect positive correlation between ranks ( 41 43 ). The used methods enable to rank the EU countries according to the selected criteria and to follow the competitiveness of the countries ( 44 , 45 ).…”
Section: Methodsmentioning
confidence: 99%
“…By employing factor analysis, the hypothesis was validated that two main factors, macroeconomic stability and research and development and digitalization 2 , are significant for strengthening competitiveness in European countries [18]. Digitalization (captured in a simplified manner, using information and communication technology indicators) was considered to provide a view of sustainable competitiveness for a more extensive set of 127 countries [19] and to enhance sustainability by verifying the relationship with five of the sustainable development goals of the United Nations, in the case of European Union countries [20].…”
Section: Theoretical Backgroundmentioning
confidence: 98%
“…The Global Competitiveness (GCI) 2019 comprises 103 indicators into 12 subfactors. These factors are innovation capability, adoption of ICT, labor market, infrastructure, macroeconomic stability, institutions, health, skills, product market, financial system, market size, and business dynamism (Boikova et al, 2021) organized in 4 categories as business dynamism, human capital, markets, and innovation capacity. It is also a composite indicator that details the factors and attributes driving stakeholder's productivity, growth, and human development (WEF, 2015: 1-2).…”
Section: National Competitivenessmentioning
confidence: 99%