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Konkurecieschopnosť ako cieľ hospodárskej politiky
[Competitiveness as a Goal of Economic Policy]

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  • Petra Čekmeová

Abstract

Until now there is no scientific consensus about the concept of national competitiveness. Despite the ambiguity of its definition, it has become a goal of numerous political documents. Economic policies in many countries are devoted to raise their overall competitiveness. But an unclear definition of relations between different components of national competitiveness represents an obstacle to formulate effective political measures. The aim of this paper is to clarify the relation between the competitiveness of the Czech Republic and its export performance which is considered as one of ways to improve overall competitiveness. The contribution of external competitiveness to the export performance of the Czech Republic in European Union is quantified using an econometric version of Constant Market Shares analysis. The results suggest that the external competitiveness of the Czech Republic has significantly positive effects on its export performance. Moreover we conclude that the positive spillover effect from external to aggregate competitiveness could be reach via increasing productivity.

Suggested Citation

  • Petra Čekmeová, 2016. "Konkurecieschopnosť ako cieľ hospodárskej politiky [Competitiveness as a Goal of Economic Policy]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(3), pages 338-350.
    • Handle: RePEc:prg:jnlpol:v:2016:y:2016:i:3:id:1074:p:338-350
    DOI: 10.18267/j.polek.1074
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    References listed on IDEAS

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    More about this item

    Keywords

    aggregate competitiveness; Constant Market Shares Analysis; Czech Republic; economic policy; European Union; export performance; external competitiveness;
    All these keywords.

    JEL classification:

    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other

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