Microeconomic and macroeconomic determinants of competitiveness of East European countries in 2012 Online publication date: Thu, 30-Oct-2014
by Nebojsa Savic; Goran Pitic; Snezana Konjikusic
International Journal of Economic Policy in Emerging Economies (IJEPEE), Vol. 7, No. 3, 2014
Abstract: Due to the fact that competitiveness is the key indicator of sustainable economic growth, we analysed competitiveness of eight South East European (SEE-8) countries and compare them with eight Central European and Baltic (CEE-8) countries. We used one-way ANOVA and Friedman tests with p-values analysing GDPpc ppp and competitiveness ranks as well as NGC Index methodology analysing Porter's diamond. Competitive advantages of SEE-8 reside in first two elements of diamond: factor conditions and then in a part of the context for strategy and rivalry. On the other hand, there are distinct competitive disadvantages in all four elements of the diamond. For SEE-8, it is necessary to: strengthen regional infrastructure, remove trade and investment barriers, reduce market dominance and local monopolies and protect consumers; coordinate measures in financial markets; and sharing of best practices in government practice and create regional institutions and reducing corruption.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economic Policy in Emerging Economies (IJEPEE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook