Comparison of the Visegrad group and Baltic countries in terms of multi-criteria competitiveness indicators

Ružeková Viera () and Kašťáková Elena ()
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Ružeková Viera: University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia
Kašťáková Elena: University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia

Studia Commercialia Bratislavensia, 2018, vol. 11, issue 39, 91-106

Abstract: Expanding globalization of the world economy has put a strong pressure on individual entities that operate in it. International competitiveness has become a major driving force of economic and social differentiation of the countries. Individual states and their public administrations have to create an effective business environment. This paper reflects these developments and, with the help of relevant multi-criteria (GCI, WCI, DBI) and single-criteria indexes of competitiveness, tries to assess the current state of competitiveness of two regions in Central and Eastern Europe – the Visegrad Four and Baltic Group states, which had a similar starting position on their path to building a market economy and integration into the EU structures.

Keywords: Competitiveness; comparative advantages; quantification of competitiveness; indicators of competitiveness GCI; WCI; DB; KAM; KEI; V4 countries; Baltic states (search for similar items in EconPapers)
JEL-codes: F14 F19 F23 F29 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:stcomb:v:11:y:2018:i:39:p:91-106:n:3

DOI: 10.2478/stcb-2018-0007

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