Global Competitiveness Index and economic growth

Ana-Maria CAZACU (bancu)
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Ana-Maria CAZACU (bancu): Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 369-373

Abstract: In this paper, we examine the linkage between economic growth and competitiveness on a panel of 28 European countries, during 2006-2013. We use Global Competitiveness Index (GCI) as a measure of national competitive capacities and find that a shock in competitiveness has a positive impact on GDP developments. Nevertheless, the results show that fast economic growth has a small positive effect on competitiveness, as increasing the competitive capacity of a nation is linked to many other factors such as efficiency gains, better quality of general business environment etc.

Keywords: Global Competitiveness Index; economic growth; panel VAR; impulse response; EU countries. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:369-373

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