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Competitiveness Index

In: Advances in Panel Data Analysis in Applied Economic Research

Author

Listed:
  • Ourania Notta

    (Alexander Technological Educational Institute of Thessaloniki)

  • Aspasia Vlachvei

    (Western Macedonia University of Applied Sciences)

Abstract

In this work, an Industrial Competitiveness Index is used as a composite measure for multidimensional economic performance, covering profitability, productivity and output growth. The main advantage of this approach is the aggregation of the different dimensions of the competitiveness concept into one final index score on which an overall assessment can be based. This index approach enables relative competitiveness comparisons across industries, countries and over time. The competitiveness index of the food and beverage manufacturing sector in 17 countries is analysed empirically, using 2003–2007 Eurostat data. The results show that in 2003–2007 the competitiveness ranking is headed by beverage manufacture both in Europe and in each country separately. According to their geographical location, countries present some differences on competitiveness ranking. Cluster analysis based on the index scores for profitability, productivity and growth variables has been used to identify four different types of performance groups. The most competitive cluster includes the majority of the beverage industries.

Suggested Citation

  • Ourania Notta & Aspasia Vlachvei, 2018. "Competitiveness Index," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Panel Data Analysis in Applied Economic Research, chapter 0, pages 693-705, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70055-7_48
    DOI: 10.1007/978-3-319-70055-7_48
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    Cited by:

    1. Lidia Danik & Katarzyna Kowalska, 2018. "Promotion Tools Applied by Polish INVs on Foreign Markets," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 8(1), pages 101-115.
    2. S. A. Adebisi & S. E. O. Umukoro & A. S. Ohiani, 2019. "Evaluating Local Content Policy of Insurance Oil and Gas Risk Portfolio as Capacity Building Strategy for Nigeria Insurance companies," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 69-77, December.
    3. Veronika Kajurova & Dagmar Linnertova, 2018. "The Impact of Loose Monetary Policy on the Competitiveness of Czech Firms," ACTA VSFS, University of Finance and Administration, vol. 12(1), pages 43-73.
    4. Ananiadis, Yannis & Notta, Ourania & Oustapassidis, Kostas, 2003. "Cooperative Competitiveness and Capital Structure in the Greek Dairy Industry," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 31(2), pages 1-15.
    5. HERCIU Mihaela & OGREAN Claudia, 2018. "Business Sustainable Competitiveness – A Synergistic, Long-Run Approach Of A Company’S Resources And Results," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(3), pages 26-44, December.
    6. Aduralere Opeyemi, OYELADE, 2019. "The Impact of Firm Size on Firms Performance in Nigeria: A Comparative Study of Selected Firms in the Building Industry in Nigeria," Asian Development Policy Review, Asian Economic and Social Society, vol. 7(1), pages 1-11, March.
    7. Danik Lidia & Kowalik Izabela, 2020. "Network knowledge gathering of international new ventures, approaches, and preconditions," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(3), pages 255-274, September.

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