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Global Competitiveness of Europe: A Robust Assessment

Author

Listed:
  • Elena Fifeková

    (Center of Social and Psychological Sciences of the Slovak Academy of Science)

  • Eduard Nežinský

    (Center of Social and Psychological Sciences of the Slovak Academy of Science)

  • Edita Nemcová

    (Center of Social and Psychological Sciences of the Slovak Academy of Science)

Abstract

National (global) competitiveness became the central issue during the global crisis. Using the values of the three main subdimensions of the Global Competitiveness Index, we propose alternative DEA-based competitiveness indicators. In our approach, the index is nested in the more general measure of the competitiveness-given-performance indicator. We find that globally competitive European countries do not transform competitiveness into income per capita efficiently. Decomposition of the scores suggests that most of the relative inefficiency concentrates in innovation activity. The results proved robust against the CCR model used in previous research as well as principal component analysis.

Suggested Citation

  • Elena Fifeková & Eduard Nežinský & Edita Nemcová, 2018. "Global Competitiveness of Europe: A Robust Assessment," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 4, pages 245-260, December.
    • Handle: RePEc:cmn:journl:y:2018:i:4:p:245-260
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    References listed on IDEAS

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