IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v6y2011i4p68-83.html
   My bibliography  Save this article

Analysis Of European Union Competitiveness From A New Multidimensional Model Perspective

Author

Listed:
  • Alin Opreana

    (“Lucian Blaga” University of Sibiu)

  • Diana Marieta Mihaiu

    (“Lucian Blaga”University of Sibiu)

Abstract

The central objective of this study is to analyze the competitiveness of European Union through the prism of its influence factors: public debt, budget deficit, competitiveness of national economies,credit default swap. Based on these factors were obtained three regression functions for EU competitiveness. The results of the analysis reveal that the EU competitiveness is influenced by two main factors: sovereign risk and competitiveness of national economies. In the current economic situation, sovereign risk rate of 48.52% influences on EU competitiveness, and competitiveness of national economies at a rate of 33.63%. Among the three risk variables underlying the sovereign risk, public debt ratio is most important, thus showing that any sovereign debt crisis would adversely affect the competitiveness of the European Union, followed by the value of the CDS and by the budgetary equilibrium. The second factor, the competitiveness of national economies is mainly determined by the global competitiveness index.The model proposed in this study identifies the factors underlying the central objective of the Lisbon Strategy, namely to make the EU the most competitive and dynamic economy in the world.

Suggested Citation

  • Alin Opreana & Diana Marieta Mihaiu, 2011. "Analysis Of European Union Competitiveness From A New Multidimensional Model Perspective," Romanian Economic Business Review, Romanian-American University, vol. 6(4), pages 68-83, december.
    • Handle: RePEc:rau:journl:v:6:y:2011:i:4:p:68-83
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI11/REBE-WI11-A7.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Claudia OGREAN, 2010. "National Competitiveness Between Concept And Reality. Some Insights For Romania," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 49(1-2), pages 59-72, April.
    2. Silvia Marginean, 2006. "Competitiveness: From Microeconomic Foundations To National Determinants," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 1(1), pages 29-35, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anita Pelle, 2013. "The European Social Market Model in Crisis: At a Crossroads or at the End of the Road?," Social Sciences, MDPI, vol. 2(3), pages 1-16, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. MIHAIU Diana & OPREANA Alin, 2013. "Classification Of European Union Countries According To National Competitiveness And Sovereign Debt Levels," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 65(2), pages 43-54.
    2. Viera Pavličková, 2013. "The Competitiveness Of Slovak Foreign Trade In The European Market," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 58(196), pages 7-50, January –.
    3. Marcos E. Domínguez Viera, 2011. "Does the Impact of Oportunidades Program Increases in Highly Competitive Regions?," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 79-111, November.
    4. Danijela Despotovic & Slobodan Cvetanovic & Vladimir Nedic & Milan Despotovic, 2019. "Social Aspects of Sustainable Competitiveness in the Selected European Countries in the Period 2012–2015," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(2), pages 841-860, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rau:journl:v:6:y:2011:i:4:p:68-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/ferauro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.