IDEAS home Printed from https://ideas.repec.org/a/vrs/reoecp/v13y2013i2p63-76n1.html
   My bibliography  Save this article

The Impact of Price-Cost Competitiveness Factors on Economic Growth

Author

Listed:
  • Baranová Veronika

    (VŠB – Technical University of Ostrava, Department of National Economy, Faculty of Economy, Sokolská třída 33, 701 00 Ostrava, Czech Republic)

Abstract

The aim of this study is to verify the assumption that price-cost competitiveness factors affect long-term economic growth in the sample countries. This analysis is based on the neoclassical growth model extended by human capital. Furthermore, variables reflecting the cost-competitiveness and cost-effective real exchange rate and unit labor costs were added to the model. The default is a panel regression methodology and related methods of data analysis. The sample consists of EU member states that meet the requirement of a small open economy and membership in the OECD. On the basis of this criterion, the following countries were selected: Belgium, Czech Republic, Denmark, Estonia, Ireland, Hungary, Netherlands, Austria, Slovenia and the Slovak Republic. Annual frequency in the time frame 1999-2010 is the reference period. This is shown by the analysis results in the case that the selected sample of countries with affordable cost factors appears to be significant. The selected indicators of competitiveness can be one of the prominent factors that influence economic growth in developed countries, yet they are not a fully sufficient and comprehensive source of growth factors in terms of competitiveness.

Suggested Citation

  • Baranová Veronika, 2013. "The Impact of Price-Cost Competitiveness Factors on Economic Growth," Review of Economic Perspectives, Sciendo, vol. 13(2), pages 63-76, June.
    • Handle: RePEc:vrs:reoecp:v:13:y:2013:i:2:p:63-76:n:1
    DOI: 10.2478/revecp-2013-0001
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/revecp-2013-0001
    Download Restriction: no
    File URL: https://libkey.io/10.2478/revecp-2013-0001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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:vrs:reoecp:v:13:y:2013:i:2:p:63-76:n:1. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.