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Measuring The Outside Potential Of The Oecd Countries

Author

Listed:
  • Zoltan Bartha

    (Faculty of Economics University of Miskolc Hungary)

  • Andrea Gubik

    (Faculty of Economics University of Miskolc Hungary)

Abstract

The purpose of the article is to measure the outside potential of the OECD countries with the help of the K-index, an indicator we created after conducting a survey on it. Later on the index will be used to classify Hungary’s performance in a three-dimensional matrix of institutions. After an analysis on the data of OECD economies, we have concluded that the developed countries can be divided into four groups, and these four groups can be distinguished by four main factors: macroeconomic performance, knowledge-based entrepreneurial environment, guarantees of market competition and international attractiveness. These factors summarize the institutional conditions that influence an economy’s ability to make use of the opportunities provided by the global market.

Suggested Citation

  • Zoltan Bartha & Andrea Gubik, 2011. "Measuring The Outside Potential Of The Oecd Countries," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 365-373, november.
    • Handle: RePEc:aic:journl:y:2011:v:58:p:365-373
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    More about this item

    Keywords

    global competitiveness; measuring competitiveness;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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