Pregled bibliografske jedinice broj: 930966
What Drives Competitiveness: The Case of New EU Member States
What Drives Competitiveness: The Case of New EU Member States // RSEP International Conferences on Social Issues and Economic Studies
Barcelona, Španjolska, 2017. str. 161-175 doi:10.19275/RSEPCONFERENCES135 (ostalo, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
CROSBI ID: 930966 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
What Drives Competitiveness: The Case of New EU Member States
Autori
Rogić Dumančić, Lucija ; Mačkić, Velibor
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
RSEP International Conferences on Social Issues and Economic Studies
/ - , 2017, 161-175
ISBN
978-605-307-788-6
Skup
5th RSEP Social Sciences Conference
Mjesto i datum
Barcelona, Španjolska, 07.11.2017. - 10.11.2017
Vrsta sudjelovanja
Ostalo
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Competitiveness, new EU member states, dynamic panel analysis, GDP per person employed
Sažetak
The importance of competitiveness of the contemporary economies has been a popular topic among economists, politicians and the general public. Nevertheless, there is little consensus based on empirical findings on what are the sources of nation’s competitiveness, especially in the context of an economic and political union like the EU. Thus, the goal of this paper is to empirically pinpoint the determinants of competitiveness for eleven new EU member states (Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia). We measure competitiveness through GDP per person employed while our explanatory variables are divided into two groups of determinants: price and non-price competitiveness factors. Consequently, we set the following hypothesis that the role of non-price competitiveness factors is more important compared to price competitiveness factors in the new EU member states. In order to test it, we employ linear dynamic panel model based on one step GMM estimator (Arellano-Bond) on the yearly data, covering the period from 1999 to 2016. The most interesting results refer to the positive role of the government and the structure of exported goods (both non-price competitiveness factors). The relevance of our result extends beyond this sample, as it demonstrates the necessity of examining factors other than level of wages, prices and exchange rates when looking at the competitiveness of contemporary economies.
Izvorni jezik
Hrvatski
Znanstvena područja
Ekonomija
