Contemporary Frontier Transformation for Inclusive Growth: The Dual Role of "Smart" Competitiveness Factors

Kritsada Patluang ()
Additional contact information
Kritsada Patluang: Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: Objective - This paper aims to contribute to inclusive development literature by empirically verifying that some "smart" or "knowledge-and innovation-related" competitiveness enhancing factors, besides raising competitiveness and growth, enable inclusiveness and sustainability. Methodology/Technique - The methodology used includes making ranks of frontier, advanced countries based on World Economic Forum data regarding competitive quantities and qualities of smart factors and growth and inclusive and sustainable outcomes. Then, a Spearman's rank correlation analysis is used to determine the similarities between each factor rank and each outcome rank. Findings - The smart factors show a significant relationship with both growth and inclusiveness/sustainability outcomes; this may be a target for use as policy instruments to promote both growth and inclusiveness. The study found that higher levels of business-sophistication and network-related training, access and use of existing-technology, and ICT utilization factors contribute to higher levels of growth and also infer higher levels of employment, intergeneration eco-adjusted savings and lower levels of inequality, poverty and carbon intensity. Novelty - Given that current government and international organization policies aimed at improving competitiveness/growth vis-�-vis inclusiveness/sustainability remain separated, the results of this study may assist in improving the collaboration between these two objectives. The policy implications of this study include: certain dual competitive-inclusive enhancing policies can be suitably designed and targeted to uplift smart elements and the acceleration of inclusiveness and sustainability alongside the competitiveness-growth nexus. Further, developing countries may learn to leapfrog the development frontier without developing competitiveness and inclusiveness/sustainability separately, but rather each at a time.

Keywords: Competitiveness; Inclusive Development; Smart Policy; Sustainability; Frontier Transformation. (search for similar items in EconPapers)
JEL-codes: O20 O32 O38 O43 P48 Q30 Q50 (search for similar items in EconPapers)
Pages: 8
Date: 2018-09-30
New Economics Papers: this item is included in nep-cse and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Journal of Business and Economics Review, Volume 3, Issue 3

Downloads: (external link)
http://gatrenterprise.com/GATRJournals/pdf_files/J ... tsada%20Patluang.pdf (application/pdf)
http://gatrenterprise.com/GATRJournals/online_submission.html

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gtr:gatrjs:jber159

Access Statistics for this paper

More papers in GATR Journals from Global Academy of Training and Research (GATR) Enterprise
Bibliographic data for series maintained by Prof. Dr. Abd Rahim Mohamad ().