Naslov
Systemic competitiveness of post-socialist and capitalist economies : a broader look at the competitiveness debate

Autori
Mačkić, Velibor ; Škrabić Perić, Blanka ; Sorić, Petar

Izvornik
Post-communist economies (1463-1377) 26 (2014), 4; 477-497

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
systemic competiveness; World Competitiveness Yearbook; post-socialist countries; capitalist countries; system GMM estimator; panel data

Sažetak
So far, international competitiveness studies have mainly been focused on constructing ranking schemes. This paper adds to the literature by analyzing the World Competitiveness Yearbook data in order to econometrically pinpoint the crucial competitiveness determinants for 35 world countries. Applying the system GMM panel data estimator on post-socialist (PS) and capitalist countries separately, several conclusions arise: i) small and medium enterprises are the main competitiveness generator in the PS block (opposing large corporations in the capitalist economies), ii) credit rating is highly relevant in both groups, iii) labour market flexibilization in PS countries play a vital role in boosting competitiveness.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA