Competitiveness and Development of National Economy

Knežević, Vladimir and Ivković, Dragan and Vujičić, Slađana (2014) Competitiveness and Development of National Economy. Economic analysis, 47 (1-2). pp. 111-126. ISSN 1821-2573

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Abstract

This paper examines the relation between the two, may be the most pressing, phenomena of the world economy: competitiveness and development. Of course both can be interpreted in several ways, but the most operative way is to consider competitivenes by the methodology of the World Economic Forum's Global Competitiveness Index, and the development by the gross of domestic product per population. The intent is to determine what is the conection between these two indicators in general, and to pass the question in such a way, and to establish a methodology for further analysis of individual groups of countries considered in the report of the World Economic Forum's Global Competitiveness in the world. Therefore, we use correlation analysis between the observed indicators for the economy after 2005, since the above-mentioned study and implement competitiveness, with an accent on the last mid-term because of current events. The answer to the question: what is the relationship between these indicators in the timeline for all countries concerned is excpected. It is also important for the countries of the former Yugoslavia as a guide in the efforts to retrieve the position in the world economy.

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