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The competitiveness of Latin-American economies: Consolidation of the double diamond theory

Segundo Castro-Gonzáles, Jesus Vinces () and Jorge Guillén ()

Economic Systems, 2016, vol. 40, issue 3, 373-386

Abstract: The aim of this research is to assess the competitiveness of countries through the development of a new model, which is much simpler than those currently in use. The premise of this research is based on the fact that the current models contain numerous indicators/measures and cannot be applied to other contexts, such as the Latin American (LA) one. Based on the “diamond competitiveness” approach, we developed a model for the LA economies (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay and Venezuela). Our model has clear implications for both academics and policymakers and could help design state policies to improve economic growth, especially for the less developed LA economies.

Keywords: Global competitiveness (domestic/international); Latin-American economies; Developing countries; Emerging economies; Economic development (search for similar items in EconPapers)
JEL-codes: F14 F63 F52 R11 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1016/j.ecosys.2015.10.003

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Handle: RePEc:eee:ecosys:v:40:y:2016:i:3:p:373-386