Role of Real Sector and HDI: Does Competitiveness Contribute?

Noman Arshed, Rukhsana Kalim (), Mubbashir Iqbal () and Sadaf Shaheen ()
Additional contact information
Rukhsana Kalim: University of Management and Technology
Mubbashir Iqbal: University of Management and Technology
Sadaf Shaheen: University of Management and Technology

Journal of the Knowledge Economy, 2023, vol. 14, issue 3, No 39, 3044-3070

Abstract: Abstract This study envisages exploring the role of business competitiveness as a potential moderator in boosting the capacity of the real sector to cause development. Hence, it is proposed that competitiveness policy can be elementary in increasing the development-based productivity of the real sector. Using the panel data of 110 countries between 2006 and 2017, the FGLS estimates show that business competitiveness policy is useful in increasing productivity of service sector and agriculture sector of low- and low-middle-income countries, while it helps increase productivity of the industry sector and agriculture sector of high-income countries. It is evident from the estimates that higher-income countries are extracting higher returns from the competitiveness policy. Surprisingly, competitiveness reaps positive externality as the overall model shows higher returns to competitiveness than income-wise models.

Keywords: Agriculture sector; Services sector; Industry sector; FGLS model; Low productivity trap (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-022-00997-w Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:jknowl:v:14:y:2023:i:3:d:10.1007_s13132-022-00997-w

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-022-00997-w

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().