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

100%
Adamkiewicz H. G., Kot S. M.
Optimum. Studia Ekonomiczne
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2014
|
vol. 5(71)
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.
2

Logistic Function as a Tool of Planning

75%
Rządkowski G., Głażewska I., Sawińska K.
Foundations of Management
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2014
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vol. 6
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issue 1
57-70
EN
In the present paper, we propose a new approach to investigate the logistic function, which is commonly used in mathematical models in economics and management. The approach is based on indicating in a given time series, having a logistic trend, some characteristic points corresponding to zeroes of successive derivatives of the logistic function. We also give examples of application of this method.
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