How Does International Competitiveness Affect Economic Development? A Two-Phase Hypothesis

• Authors: Adamkiewicz, Hanna G , Kot, Stanislaw M

Abstracts

EN

This paper analyses the impact of international competitiveness on economic development, based on the World Economic Forum Global Competitiveness Index (GCI) and GDP/capita of 125 countries during the period 2007-2010. The results reveal two phases of the evolution of competitiveness. When GCI < 4.5 (on 1-7 scale), any improvement of a country’s competitiveness affects current development more than future development. When a country’s GCI rises above 4.5, further improvements of competitiveness will affect future development more than current development. The 4.5 competitiveness threshold is remarkably stable throughout analyzed period.

Keywords

EN

international competitiveness; development; logistic function

• Publisher: Wydawnictwo Uniwersytetu w Białymstoku
• Journal: Optimum. Studia Ekonomiczne
• Year: 2014
• Volume: 5(71)

Dates

published

2014

Contributors

author

Adamkiewicz, Hanna G

author

Kot, Stanislaw M

Identifiers

URI

http://hdl.handle.net/11320/2903

DOI

10.15290/ose.2014.05.71.03