Analyzing changes in international competitiveness position of Visegrad Group vis-a-vis EU-15 after the crisis 2007 as measured by RCA Index

• Authors: Wojciech Bieńkowski , Oleksandra Stoykowa
• Languages of publication: EN

Abstracts

EN

The aim of this paper is to find out whether financial crisis of 2007-8 has changed the Visegrad Group - V-4 competitiveness position vis-a-vis EU-15. As we know the countries of Central Eastern Europe forming the so called Visegrad group - namely Poland, The Czech republic, Slovakia and Hungary - being since 2004 a new UE members, have been hit by the financial crisis of 2007 to some extend just as well as the old EU or EU-15 member states. In this paper we would like to investigate and compare how strongly the financial crisis have impacted the two set of countries or the two groups of EU members - old and new, when measured by their respective macroeconomic performance indicators of competitiveness as well as by the RCA indicators of international competitiveness position and trends in it since that time. By the changes in competitiveness position on macro level we understand changes in "magic quadrangle" indicators such as: GDP growth changes, changes in inflation, in unemployment and changes in balances of current accounts. By the RCA positive changes or improvements we understand a growing number of goods or group of goods which contain a high innovative input measured in turn, by high R&D expenditures share in the final value of the exported goods.(original abstract)

Keywords

EN

International competitiveness; Gross domestic product (GDP); Economic competitiveness measure; Financial crisis

PL

Konkurencyjność międzynarodowa; Produkt krajowy brutto (PKB); Miary konkurencyjności gospodarki; Kryzys finansowy

• Publisher: Instytut Naukowo-Wydawniczy "SPATIUM"
• Journal: Central European Review of Economics & Finance
• Year: 2016
• Issue: Vol. 13, No 3
• Pages: 5-28

Contributors

author

Wojciech Bieńkowski

• Lazarski University, Warsaw, Poland

author

Oleksandra Stoykowa

• Lazarski University, Warsaw, Poland, student

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