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Why Do Some Nations Succeed And Others Fail In International Competition? Factor Analysis And Cluster Analysis At European Level

Author

Listed:
  • Popa Ion

    (The Bucharest University of Economic Studies, Bucharest, Romania, Faculty of Management, Management Department)

  • Stefan Simona Catalina

    (The Bucharest University of Economic Studies, Bucharest, Romania, Faculty of Management, Management Department)

Abstract

As stated by Michael Porter (1998: 57), 'this is perhaps the most frequently asked economic question of our times.' However, a widely accepted answer is still missing. The aim of this paper is not to provide the BIG answer for such a BIG question, but rather to provide a different perspective on the competitiveness at the national level. In this respect, we followed a two step procedure, called “tandem analysis”. (OECD, 2008). First we employed a Factor Analysis in order to reveal the underlying factors of the initial dataset followed by a Cluster Analysis which aims classifying the 35 countries according to the main characteristics of competitiveness resulting from Factor Analysis. The findings revealed that clustering the 35 states after the first two factors: Smart Growth and Market Development, which recovers almost 76% of common variability of the twelve original variables, are highlighted four clusters as well as a series of useful information in order to analyze the characteristics of the four clusters and discussions on them.

Suggested Citation

  • Popa Ion & Stefan Simona Catalina, 2015. "Why Do Some Nations Succeed And Others Fail In International Competition? Factor Analysis And Cluster Analysis At European Level," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1149-1157, July.
    • Handle: RePEc:ora:journl:v:1:y:2015:i:1:p:1149-1157
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    File URL: http://anale.steconomiceuoradea.ro/volume/2015/n1/136.pdf
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    Citations

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    Cited by:

    1. Simona Catalina Stefan & Ion Popa & Cosmin Octavian Dobrin, 2016. "Competitiveness in the Context of Euro 2020 Strategy," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 2(4), pages 111-117.

    More about this item

    Keywords

    Cluster Analysis; competitiveness; Factor Analysis;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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