Competitiveness and Economic Growth in the European Union
Abstract
The paper focuses on competitiveness at the national level and on the impact of competitiveness on economic growth. We look at the relationship between competitiveness and economic growth based on the data from the European Union member states. The competitiveness of the economies is measured by the Global Competitiveness Index, which is published by the World Economic Forum. The European Union member states show significant differences in competitiveness. In the sample examined, the positive relationship between the level of competitiveness and economic growth was not confirmed.
References
[2] Acs, Z., Audretch, D., Braunerhjelm, P., Carlsson, B. 2003. The Missing Link: The Knowledge Filter and Endogenous Growth.https://s3.amazonaws.com/academia.edu.documents/40131869/The_Missing_Link_The_Knowledge_Filter_an20151118-6483-1g2u96y.pdf?AWSAccessKeyId=AKIAIWOWYYGZ2Y53UL3A&Expires=1513010771&Signature=BPfPMVAZQanw1WoJ6z9FLPkdNmk%3D&response-content-disposition=inline%3B%20filename%3DThe_Missing_Link_The_Knowledge_Filter_an.pdf.
[3] Aiginger, K. 2006. Revisiting an Evasive Concept: Introduction to the Special Issue on Competitiveness. Journal of Industry, Competition and Trade 6(2):63–66.
[4] Ajitabh, A. 2008. Global Competitiveness. Excel Books India.
[5] Atkinson, R.D. 2013. Competitiveness, Innovation and Productivity: Clearing Up The Confusion, https://itif.org/publications/2013/08/19/competitiveness-innovation-and-productivity-clearing-confusion.
[6] Blanke, J., Paua, F., Sala-i-Martin, X. 2004. The Growth Competitiveness Index: Analyzing Key Underpinnings of Sustained Economic Growth. The Global Competitiveness Report 2003-2004, 3–28. New York: Oxford University Press.
[7] Business Dictionary. 2017. What is competitiveness? definition and meaning, http://www.businessdictionary.com/definition/competitiveness.html.
[8] Cann, O. 2016. What is competitiveness?, https://www.weforum.org/agenda/2016/09/what-is-competitiveness/.
[9] Depperu, D.,Cerrato, D. 2005. Analyzing International Competitivness at the Firm Level: Concepts and Measures.Quaderni del Dipartimento di Scienze Economiche e Sociali, 32:2007–2013.
[10] Dollar, D., Wolff, E.N. 1993. Competitiveness, Convergence, and International Specialization. Cambridge: MIT Press.
[11] Dudáš, T. 2012. National Competitiveness of Slovakia in the Context of Global Competitiveness Indexes. GAZDASÁG ÉS TÁRSADALOM 2012(1–2):74–87.
[12] Dudáš, T.m2013. Metodické pozadie globálnych indexov národnej konkurencieschopnosti. Proceedings of the 14th International Scientific Conference, 192–201. Smolenice: Faculty of International Relations, Univesity of Economics in Bratislava.
[13] European Commission. 2017. Operational Programme ‘Competitiveness and Economic Growth’. http://ec.europa.eu/regional_policy/en/atlas/programmes/2007-2013/slovakia/operational-programme-competitiveness-and-economic-growth.
[14] Eurostat. 2016a. Gross domestic product at maket prices. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tec00001&plugin=1.
[15] Eurostat. 2016b. Real GDP growth rate - volume. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tec00115&plugin=1.
[16] Eurostat. 2016c. Total unemployment rate. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=tps00203&plugin=1.
[17] Eurostat. 2017. Population structure and ageing. http://ec.europa.eu/eurostat/statistics-explained/index.php/Population_structure_and_ageing.
[18] Gavinelli, L. 2016. Business Strategies and Competitiveness in Times of Crisis: A Survey on Italian SMEs. London: Springer.
[19] Gorton, M., Hubbard, C., Fertő, I. 2013. International comparissons of product chains in the agro-food sector: Determinants of their competitiveness and performance on EU and international maerkets. http://www.compete-project.eu/fileadmin/compete/files/Deliverable_2_2_Theoretical_Background.pdf.
[20] Gray, A. 2017. These are the world’s 10 most competitive economies. World Economic Forum. https://www.weforum.org/agenda/2017/09/global-competitiveness-2017-top-economies/.
[21] Grilo, I., Koopman, G.J. 2006. Productivity and Microeconomic Reforms: Strengthening EU Competitiveness. Journal of Industry, Competition and Trade 6(2):67–84. https://doi.org/10.1007/s10842-006-9472-9.
[22] Hassett, K.A. 2012. Rethinking Competitiveness. Washington D.C.: AEI Press.
[23] Chikán, A. 2008. National and firm competitiveness: a general research model. Competitiveness Review 18(1/2):20–28. https://doi.org/10.1108/10595420810874583.
[24] Cho, D., Moon, H. 2000. From Adam Smith to Michael Porter: Evolution of Competitiveness Theory. Singapore: World Scientific.
[25] IMD. 2017a. IMD business school for management and leadership courses. https://www.imd.org/.
[26] IMD. 2017b. World Competitiveness Rankings - IMD. /wcc/world-competitiveness-center-rankings/World-competitiveness-yearbook-ranking/.
[27] IMD World Competitiveness Center. 2017. IMD World Digital Competitiveness Ranking 2017. https://www.imd.org/globalassets/wcc/docs/release-2017/world_digital_competitiveness_yearbook_2017.pdf
[28] Inter-American Development Bank. 2001. Competitiveness: The Business of Growth: Economic and Social Progress in Latin America: 2001 Report. IDB.
[29] Lall, S. 2001. Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report. World Development 29(9):1501–1525.
[30] McArthur, J.W., Sachs, J.D. 2002. The Growth Competitiveness Index: Measuring Technological Advancement and the Stages of Development. The Global Competitiveness Report 2001-2002. New York: Oxford University Press. https://www.amazon.com/Global-Competitiveness-Report-2001-2002-Economic/dp/019521837X.
[31] Mead, N. 2010. Global Competitiveness Index: the World Economic Forum’s data. The Guardian. http://www.theguardian.com/business/datablog/2010/sep/09/global-competitiveness-index-data-wef.
[32] Neumann, P. 2017. Změny v mezinárodním obchodu a světové výrobě ve světle nových trendů globalizace. Medzinárodné vzťahy 15(1):72–89.
[33] Porter, M.E. 1990. The Competitive Advantage of Nations. New York: Free Press.
[34] Porter, M.E., Sachs, J.D., McArthur, J.W. 2002. Executive Summary: Competitiveness and Stages of Economic Development. http://earthinstitute.columbia.edu/sitefiles/file/Sachs%20Writing/2002/WorldEconomicForum_2001-2002_GlobalCompetitivenessReport2001-2002_ExecutiveSummary.pdf.
[35] Sharples, J., Milham, N. 1990. Longrun competitiveness of Australian agriculture. Foreign Agricultural Economic Report, 243:4–23.
[36] Schwab, K. 2014. The Global Competitiveness Report 2014-2015. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2014-15.pd.
[37] Schwab, K. 2017. The Global Competitiveness Report 2017–2018.http://www3.weforum.org/docs/GCR2017-2018/05FullReport/TheGlobalCompetitivenessReport2017%E2%80%932018.pdf
[38] Schwab, K., Porter, M.E. 2006. The Global Competitiveness Report 2006-2007. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2006-07.pdf.
[39] Stel, A. v., Carree, M., Thurik, R. 2005. The Effect of Entrepreneurial Activity on National Economic Growth. Small Business Economics 24(3):311–321. https://doi.org/10.1007/s11187-005-1996-6.
[40] TCI NETWORK. 2017. What is competitiveness? www.tci-network.org/media/download/1185.
[41] Thurik, R., Wennekers, S. 2004. Entrepreneurship, small business and economic growth. Journal of Small Business and Enterprise Development 11(1):140–149. https://doi.org/10.1108/14626000410519173.
[42] Úrad vlády Slovenskej republiky. 2011a. Roky 2000 – 2005. http://www.eu2020.gov.sk/roky-2000-%E2%80%93-2005/.
[43] Úrad vlády Slovenskej republiky. 2011b. Stratégia Európa 2020. http://www.eu2020.gov.sk/strategia-europa-2020/.
[44] World Bank. 2017. GDP growth (annual %). https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?name_desc=false.
[45] World Economic Forum. 2017a. Competitiveness Rankings. http://wef.ch/2wcVUt8.
[46] World Economic Forum. 2017b. The World Economic Forum. https://www.weforum.org/.
[47] Zagoršek, B. 2017. Konkurencieschopnosť v novej ekonomike. Inovatívne prístupy v manažmente a ich vplyv na konkurencieschopnosť a úspešnosť podnikov v podmienkach globalizujúcej sa ekonomiky. České Budějovice: Vysoká škola evropských a regionálních studií.
[48] Zagoršek, B., Slávik, Š. 2017. How can strategy influence the internal nature of business model? Journal Of Applied Economic Sciences, 12(4): 1080-1090.
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.