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The dimensions of national competitiveness: The empirical analysis based on The World Economic Forum’s data

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  • Adamkiewicz Hanna G.

    (Gdansk University of Technology, Department of Economic Sciences, ul. Narutowicza 11/12, 80-233Gdańsk, Poland)

Abstract

The aim of this research is to determine the minimum number of uncorrelated dimensions which can describe national competitiveness (NC). NC is thought of as the ability of a nation to provide a conducive environment for its firms to prosper. It is shown that the environment affects national productivity catalytically through the interactions with the production factors while itself remaining unchanged. Selected World Economic Forum’s indicators are used for determining the components of the environment. The Principal Component Analysis has revealed three orthogonal dimensions of NC. Countries are represented by the points in the three-dimensional space. The weighted Euclidean distance from the origin to the ith point is proposed as a novel measure of the ith country’s level of NC.

Suggested Citation

  • Adamkiewicz Hanna G., 2019. "The dimensions of national competitiveness: The empirical analysis based on The World Economic Forum’s data," Economics and Business Review, Sciendo, vol. 5(3), pages 92-117, September.
    • Handle: RePEc:vrs:ecobur:v:5:y:2019:i:3:p:92-117:n:7
    DOI: 10.18559/ebr.2019.3.6
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    More about this item

    Keywords

    national competitiveness; productivity; catalyst; principal components;
    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
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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