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This paper analyses the impact of international competitiveness on economic development, based on the World Economic Forum Global Competitiveness Index (GCI) and GDP/capita of 125 countries during the period 2007-2010. The results reveal two phases of the evolution of competitiveness. When GCI < 4.5 (on 1-7 scale), any improvement of a country's competitiveness affects current development more than future development. When a country's GCI rises above 4.5, further improvements of competitiveness will affect future development more than current development. The 4.5 competitiveness threshold is remarkably stable throughout analyzed period. (original abstract)
Twórcy
autor
- Gdansk University of Technology, Poland
autor
- Gdansk University of Technology, Poland
Bibliografia
- Grubbs. F. 1969 Procedures for Detecting Outlying Observations in Samples, "Technometrics", No. 11.
- Porter M.E., Schwab K. 2008 The Global Competitiveness Report 2008-2009, Geneva.
- Porter M.E., Schwab K., Sala-i-Martin X. 2007 The Global Competitiveness Report 2007-2008, Geneva.
- Salvatore D. 2010 Globalization, International Competitiveness and Growth: Advanced and Emerging Markets, Large and Small Countries, "Journal of International Commerce, Economics and Policy", No. 1.
- Schwab K., Sala-i-Martin X. 2009 The Global Competitiveness Report 2009- 2010, Geneva.
- WDI World Development Indicators 2010, Washington DC.
Typ dokumentu
Bibliografia
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bwmeta1.element.ekon-element-000171334949