Competitiveness of selected countries from Central and Eastern Europe in the era of globalisation

Hanna Kruk () and Anetta Wasniewska ()
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Hanna Kruk: Gdynia Maritime University, Poland
Anetta Wasniewska: Gdynia Maritime University, Poland

No 50/2017, Working Papers from Institute of Economic Research

Abstract: The changes that took place in the late twentieth century led to the transformation of the political system in the countries of Central and Eastern Europe (CEE). As a result, there has been an increase in the competitiveness of some of the economies among the CEE states. Due to different priorities and goals, these countries are also characterised by different levels in socio-economic development. The aim of the article is to identify the determinants affecting the competitiveness among the selected CEE countries. Based on Eurostat data, a set of determinants affecting competitiveness was established. A number of determinants have been eliminated in relation to the variation coefficient. At the same time, a classification of the level of competitiveness among the CEE countries has been made by using the Perkal method. The analysis used 14 selected indicators, 10 of which are considered as stimulating and 4 as deteriorating the competitiveness of national economies. The result led to obtaining a synthetic level indicator of potential of the CEE countries. Following the findings of the conducted analysis, the highest economic competitiveness exists in Estonia and in the Czech Republic, while the lowest was found in Romania and Bulgaria. The results of the evaluation obtained with the Perkal method concerning the competitiveness of the CEE countries that belong to the EU are largely consistent with those presented in different global competitiveness rankings. However, the method applied in this article seems much simpler and less time-consuming, allowing at the same time an optimal choice of analytical determinants. The selected linear Pearson correlation’s coefficient confirmed that there is a strong positive relationship between the designated values of the synthetic indicator of competitiveness and the GDP per capita. This confirms the validity of test method used.

Keywords: competitiveness; CEE economies; Perkal method (search for similar items in EconPapers)
JEL-codes: B23 F02 O11 O40 (search for similar items in EconPapers)
Date: 2017-05, Revised 2017-05
New Economics Papers: this item is included in nep-dcm and nep-tra
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