Evaluation of Competitiveness in the European Union: Alternative Perspectives

Rozmahel, Petr; Grochová, Ladislava; Litzman, Marek

doi:10.1016/s2212-5671(14)00381-5

Cited by 9 publications

(7 citation statements)

References 6 publications

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“…The research by Rozmahel et al (2014) has a significantly different research character when measuring competitiveness. Emphasis is put on the evaluation of the European Union member countries' infrastructure.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries

Ivanova¹,

Čepel²

2018

JOC

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The economic development of world economies accompanied by their growing openness and stronger integration processes put pressure on mutual confrontation of their economic power based on its determinant sources. International comparison requires determining a complex of factors that affect the success of developed economies; factors that, given their multiplier effects, influence the social productivity of labor in a country and create a competitive advantage in an international comparison. A key factor of the states' increasing competitiveness is assumed to be the innovation performance of enterprises, which is projected through innovative business processes into the innovation performance of the economy as a whole. This paper determines the impact of their innovation performance on their international competitiveness position observed by the Global Economic Forum based on the Global Competitiveness Index (GCI). To assess the impact, the following economic-statistical methods were used: comparative and correlation analyses and logical deduction. Data from the World Economic Forum (WEF), European Innovation Scoreboard (EIS), and Eurostat database were used to process the assessment. The results of the research have led to the conclusion that the Visegrad 4 (V4) countries as transition economies in terms of their economic development are quite similar, but in the ranking of global competitiveness, their position varies depending on the innovative performance. The Czech economy is the best performing of the four, while the worst indicators are attributed to the economies of Slovakia and Hungary. The economy of Poland has a relatively balanced development. The results of these analyses have led to the creation of a discussion platform focused on the evaluation of the innovation potential status and its determinants in Slovakia, with the aim of pointing out critical areas in the country's competitiveness growth on an international scale.

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Section: Theoretical Backgroundmentioning

confidence: 99%

The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries

Ivanova¹,

Čepel²

2018

JOC

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“…In the view of Rozmahel et al (2014) the prospects of the knowledge-based economy cannot be assessed through traditional measures this requiring a conversion towards new indicators that are not solely market process-oriented and that can also evaluate institutional competitiveness. Similar to the knowledge approach, Hvizdakova and Urbancikova (2014) indicate the critical benefits of social capital upon competitiveness and poverty minimization, claiming that societies in which trust is manifested between its members and thus allow the free flow of knowledge, can enhance their competitiveness and experience social welfare.…”

Section: Competitiveness and Poverty Reduction In Europementioning

confidence: 99%

Romania and its poverty-alleviating competitiveness: a Central and Eastern European outlook

Argatu

Pãunescu

2019

Proceedings of the International Conference on Business Excellence

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Competitiveness is a prerequisite for development and a critical ingredient for enabling national welfare in the nowadays challenging world, being more and more debated and approached by researchers and policymakers at the same time. Following these considerations, the article aims to illustrate Romania’s competitiveness ranking in fighting poverty and ensuring a decent level of living to people relative to the European Union’s positioning, through indicators comprised within the European Social Progress Index and the Global Competitiveness Index. The concern for this topic is backed up by prior research performed with respect to Romania’s social and economic competitiveness, claiming that the country has managed to improve its standing among European Union member states but it still has to struggle to get even better by following the best practices of these nations. Thus, there is a relentless need for the consolidation of both its economic cohesion by altering the quality of its infrastructure and institutions, as well as its social status through investments in education, knowledge and innovation. As for the methodology, the analysis of Romania’s competitiveness degree will firstly incorporate a literature review section, comprising poverty, competitiveness and competitiveness obtainment tools. The evaluation will also rely on document analysis of secondary data concerning competitiveness indicators retrieved from the websites of the institutions issuing them, namely Social Progress Imperative and World Economic Forum. The research intends to clarify how Romania can become more competitive in social terms, what fields require substantial progress and what the European Union countries can teach us in this sense.

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“…On the contrary, we wold say that PIIGS countries are "high debt" ones, given they show a government debt above the Eurozone average. As stressed by Rozmahel et al (2014) the division between CORE, periphery and CEE countries is obvious. And they also show slow and steady convergence of CEE towards the CORE countries regarding infrastructure and human capital.…”

Section: Empirical Application To the Eurozonementioning

confidence: 99%

Austerity policies in the Eurozone: How they affect youth unemployment?

Díaz‐Roldán

Parada-Rodríguez

Carmona-González

2019

CEREM

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Aim: Analyse the effects of stabilization policies on youth unemployment, using government deficit besides the use of fiscal policy by the supply side; aimed to characterize the economic framework conditions under which fiscal policy could reduce youth unemployment. Design/Research methods: We consider an economic framework featuring the use of monetary and fiscal rules within a monetary union. In this scenario, that should be representative of the Eurozone, we will analyse the effects of stabilization policies when dealing with a financial crisis which produces contractive effects on output and on employment. We will pay special attention to the conservativeness of the central bank, the degree of austerity of the fiscal authorities and the initial level of government debt. Those characteristics prove to be crucial for the sustainability of economic policies packages based on fiscal consolidation and the use of fiscal policy instruments by the supply side, when trying to deal with unemployment. And given that in the financial crisis effects have been hit Eurozone countries in a different manner, we will also differentiate monetary union’s member countries according with their government debt and their unemployment path. Conclusions/findings: Fiscal authorities should be no austere for fighting youth unemployment, when using fiscal policy by the supply side. In other words, when optimizing their loss function, they should give more weight to the output stabilization goal that to the government deficit reduction. Originality/value of the article: Allowing for the use of both monetary and fiscal policy rules, in the scenario of a monetary union, our results could help us to stablish the conditions under which fiscal policy could help to alleviate youth unemployment.

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Evaluation of Competitiveness in the European Union: Alternative Perspectives

Cited by 9 publications

References 6 publications

The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries

The Impact of Innovation Performance on the Competitiveness of the Visegrad 4 Countries

Romania and its poverty-alleviating competitiveness: a Central and Eastern European outlook

Austerity policies in the Eurozone: How they affect youth unemployment?

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