ECONOMIC COMPETITIVENESS IN THE REGIONAL AND GLOBAL CONTEXT

Ion Pârţachi and Eugeniu Gârlă
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Ion Pârţachi: ASEM, Chisinau
Eugeniu Gârlă: ASEM, Chisinau

Romanian Economic Business Review, 2016, vol. 11, issue 2, 100-111

Abstract: In present time Global Competitiveness Index (GCI) includes factors of both macro and micro level and, since 2005 World Economic Forum uses this index to measure competitiveness. However, each country or economic system has particularities of their economic development, so different countries differ in their set of indicators. In making decisions, the most important is the composition of competitiveness rankings, often countries are being ranked as compared to a certain standard. In this study, the authors come up with a new approach embodied in the unique concept of evaluation of competitiveness and economic convergence. They also propose a new formula of calculation, where traditional indicators of competitiveness are taken into account simultaneously with parameters related to convergence, expressed by the distance of the development parameters of the entity from the given standard.

Keywords: competitiveness; security; financial stability; econometric models; stochastic models; optimization models (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:11:y:2016:i:2:p:100-111

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