| Popis: |
In this paper, we examine the linkage between economic growth and competitiveness on a panel of 28 European countries, during 2006-2013. We use Global Competitiveness Index (GCI) as a measure of national competitive capacities and find that a shock in competitiveness has a positive impact on GDP developments. Nevertheless, the results show that fast economic growth has a small positive effect on competitiveness, as increasing the competitive capacity of a nation is linked to many other factors such as efficiency gains, better quality of general business environment etc. |
