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Competitiveness of the Czech Republic - Sustainability and the Social Aspect of Competitiveness
[Udržitelnost a sociální aspekt konkurenceschopnosti]

Author

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  • Eliška Kačírková

Abstract

The objective of the study is to analyse the Czech position in the field of global competitiveness. In the past, the only data used for evaluating the position of a country were "hard data": data that were measurable. Nowadays, many research institutions as well as scientists have come with a new idea. Not only hard data are important for a country's position in the competitiveness rank, but also soft data have to be taken into account. The General Competitiveness Index (GCI), used for measuring competitiveness, has been replaced with the Sustainability-adjusted Competitiveness Index (SCI). Two sustainability pillars are added to the general competitiveness: the social sustainability pillar and the environmental sustainability pillar. This study analyses the GCI and the SCI in the context of sustainability. The main objective is to find out how these two sustainability pillars influence the competitiveness position of the Czech Republic. The method used in the study is an analysis and comparison of the hard and soft data, which means that it is based on a multidimensional analysis used by the WEF and the IMD. The study confirms that there is an increasing influence of these soft - qualitative - data.

Suggested Citation

  • Eliška Kačírková, 2015. "Competitiveness of the Czech Republic - Sustainability and the Social Aspect of Competitiveness [Udržitelnost a sociální aspekt konkurenceschopnosti]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2015(1), pages 3-26.
    • Handle: RePEc:prg:jnlaop:v:2015:y:2015:i:1:id:462:p:3-26
    DOI: 10.18267/j.aop.462
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    More about this item

    Keywords

    competitiveness; sustainability; Czech Republic; GCI; SCI;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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