Indexes as Business Environment Characterizing Instruments

Vēvere, Velga; Zvirgzdiņa, Rosita; Linina, Iveta

doi:10.5755/j01.eis.0.11.18645

Cited by 4 publications

(4 citation statements)

References 7 publications

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“…The authors were dedicated to monitor the correlation between the competitiveness level and the factors that can potentially increase/decrease competitive advantages of a state. A similar approach within competitiveness assessment was applied by Vevere et al (2017). The authors conducted a comparative analysis of the Baltic countries compared to average of the European Union by using the KOF Index of Globalization, the Corruption Perception Index, the Global Competitiveness Index and the Global Innovation Index.…”

Section: Discussionmentioning

confidence: 99%

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Kiseľáková

Šofranková

Onuferová

et al. 2019

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Research background: Under the current conditions of increasing competitiveness and interdependence, national economies are more influenced by the global business environment and its development. Constantly changing economic, social, political aspects, and many other factors, cause the differences in the global competitiveness of economies, so the economies are forced to analyze their competitive level more complexly. Despite that, there is a lack of research studies analyzing the international competitiveness of EU-28 economies from the point of view various multi-criteria indices. Purpose of the article: The paper investigates the relations between the Global Competitiveness Index (GCI) and other selected multi-criteria indices, namely the Global Innovation Index (GII), the Doing Business Index (DBI), the Economic Freedom Index (EFI) and the Corruption Perceptions Index (CPI) in the case of EU–28 economies. Methods: In order to investigate the relations between the global competitiveness and selected multi-criteria indices affecting the EU–28 economies, the multiple linear regression analyses were applied. The multiple regression model was quantified for every single year, as well as, the regression model using the average score of all analyzed indices. The secondary data concerning the scores of individual indices were collected based on annually published online reports over the period of 2014–2018. Findings & Value added: The research confirmed that there is a statistically significant dependence between the global competitiveness, corruption and the level of innovation potential within the EU–28 economies. Besides, we identified the worst results in the context of competitiveness evaluation especially in the area of corruption and innovation activities. In this regard, the issue of insufficient innovation development and inappropriate corruption perception is considered to be key determinants influencing the assessment of the global competitiveness of the EU–28 member states. In our opinion, to improve the competitiveness of these countries, targeted activities should be implemented in the frame of national competitive strategies, programs, and policies.

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Section: Discussionmentioning

confidence: 99%

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Kiseľáková

Šofranková

Onuferová

et al. 2019

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“…As an example, a multi-criteria assessment of the business environment within the selected countries was provided by [57]. The authors selected four different types of indices related to the business environment-the KOF ("Konjunkturforschungsstelle" = the German word, meaning Economic cycle research institute) index of globalization, the corruption perception index, the global innovation index, and the GCI-in order to compare results with average values over the European Union.…”

Section: Discussionmentioning

confidence: 99%

Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

et al. 2019

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In this paper, the following research problem was addressed: Is there a significant economic impact of multidimensional specified competitiveness within the EU (28) countries on the competitive business environment, human development, and sustainable growth? Based on the mentioned research problem, we formulated the aim of paper: To detect the significant interrelations among the assessment of global competitiveness, business environment as well as human development in the EU (28) countries for the period of 2006–2017. To address these problems, the methodology of global multi-criteria indices, namely the global competitiveness index (GCI), doing business index (DBI), and human development index (HDI), as well as panel analysis and non-linear regression analyses with ANOVA, were applied. The panel analysis results suggest that there is a direct linear relationship between the GCI and HDI. Moreover, the impact of the DBI on the change in the GCI score was not confirmed. We identified the main areas of countries’ interest, and important economic and statistical significant relations of competitiveness by creating three models: The GD model (constructed by GCI and DBI scores), GH model (GCI and HDI scores), and GDH model (GCI, DBI and HDI scores). Based on the results, all interrelations were confirmed. However, the highest extent of variability for the explanation of the selected data was recorded in the case of the GDH model (87.12%). We detected the impact of the business environment and human resources as competitive advantages on global macroeconomic competitiveness. As the business sector in EU (28) countries is represented mainly by small and medium-sized enterprises (SMEs), enterprise activities play a key role in the process of sustainable competitive economic development. Moreover, human resources are considered to be another important driver of the internationalization of European SMEs.

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“…Most scholars select indicators and strategies based on the World Bank and in combination with their research object level and research focus: The improvement of the worldwide supply chain in Bria was measured by He et al [15] and others using comprehensive indicators. Vevere et al [16] employed factor analysis to assess the business climate of a single nation. The analysis of the principal components approach was used by Ekel et al [17] and others to investigate the South American business environment cost index.…”

Section: Studies On the Business Environmentmentioning

confidence: 99%

Does the Improvement of the Business Environment Improve the Innovation Efficiency of Enterprises? Evidence from the Listed Companies in China

2023

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The quality of the business environment influences the speed and quality of economic development, and optimizing the business environment helps improve enterprises’ innovation ability. This article selects urban business environment and micro-enterprise data of Chinese listed companies from 2013 to 2019. It constructs a comprehensive evaluation index system for the urban business environment in China through the entropy method, exploring the specific path of promoting enterprise innovation ability through the business environment. The empirical results indicate that optimizing the business environment can encourage improving innovation efficiency in enterprises. A good business environment can increase government subsidies and enterprises’ Assumption of risk ability to promote technological innovation. Financing constraints and supply chain concentration can negatively enhance the driving effect of the business environment on enterprise innovation. Heterogeneity analysis indicates that the business environment is more conducive to stimulating the drive for technological innovation among state-owned enterprises, large-scale enterprises, and manufacturing enterprises. This article provides new insights into the relationship between the business environment and the innovation efficiency of enterprises.

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Indexes as Business Environment Characterizing Instruments

Cited by 4 publications

References 7 publications

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

The evaluation of competitive position of EU-28 economies with using global multi-criteria indices

Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices

Does the Improvement of the Business Environment Improve the Innovation Efficiency of Enterprises? Evidence from the Listed Companies in China

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