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Linkages of Macroeconomic Indicators of Competitiveness on the Example of Export and Transformational Performance in Selected Countries of the Visegrad Group Plus

Jan Nevima () and Ingrid Majerová ()
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Jan Nevima: Departament of Economics and Public Administration, School of Business Administration, Silesian University

No 7, Working Papers from Silesian University, School of Business Administration

Abstract: Export performance and transformational performance are some of indicators for measuring outputs through which macroeconomic competitiveness is reported. The first one shows the productivity of the export and the second one value added in foreign trade. This paper deals with the relationship of them in three selected countries – Czech Republic, Poland and Austria during the period 1995-2010. These countries belong to the members of Visegrad Group plus and are examined for two reasons: the first is geographic proximity and the second is the heterogeneous size, which plays important role. While the Czech Republic and Austria belongs to the small economies whose openness should be large (and research results should therefore be similar), Poland is ranked to the economies of medium size with an expected lower level of openness. It is considered that increasing productivity of foreign trade tend to increasing its value added and thus contribute to improvement of macroeconomic competitiveness. The observations were being proven by using the correlation and regression analysis. The positive relationship between export and transformational performance was found in all analyzed countries.ls.

Keywords: macroeconomic competitiveness; export performance; transformational performance; comparison; correlation; regression analysis (search for similar items in EconPapers)
JEL-codes: F14 O11 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-tra
Date: 2015-05-08
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