The Impact of Investment on Sustainable Competitiveness Aspects

Abstract

The European Union (EU) consists of 27 economies characterized by different economic structures, living standards, demographic dynamics, technology development, and other factors shaping their sustainable development patterns. This chapter aims to examine the impact of total investments and R&D investments on the sustainable development of EU economies and determine how these financial investments impact sustainable competitiveness in the global market. The assessment of the sustainable development performances was performed for the period from 2008 to 2019 using the linear regression model. The key findings pointed out that total investments and R&D investments had different impacts on sustainable competitiveness aspects in old member states (OMS) and new member states (NMS). The results could help policymakers understand, adjust, and optimize sustainable competitiveness to secure economic growth in all regions and reduce the differences between OMS and NMS.