The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies
The paper explores the association between economic competitiveness and inclusive development in 101 economies based on data provided by the 2018 World Economic Forum reports. Coefficients of ranks correlation and cluster analysis are used in this view. The values of Competitiveness Index and of Inc...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2018-09-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sues-2018-0012 |
| _version_ | 1811321161591554048 |
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| author | Neagu Olimpia Teodoru Mircea Constantin |
| author_facet | Neagu Olimpia Teodoru Mircea Constantin |
| author_sort | Neagu Olimpia |
| collection | DOAJ |
| description | The paper explores the association between economic competitiveness and inclusive development in 101 economies based on data provided by the 2018 World Economic Forum reports. Coefficients of ranks correlation and cluster analysis are used in this view. The values of Competitiveness Index and of Inclusive Development Index delivered by the 2018 World Economic Forum reports are considered. Economic competitiveness and inclusive development are positively associated in our sample of 101 economies and the correlation is stronger in the emerging countries as in the group of advanced economies. Among the advanced economies the mean scores of GCI and IDI are higher than in the group of emerging countries showing a better coordination of economic and institutional factors driving competitivity as well as inclusiveness. Countries belonging to a geographical region/continent/economic group are not grouped in the same cluster, emphasizing disparities among countries at regional/continental/economic group level. In the group of emerging economies, the disparities regarding competitivity and inclusiveness are lower than those among the advanced economies, the clusters are closer to one another and they are more homogeneous. Greater competitivity and economic performance can generate socioeconomic inequity that should be corrected through appropriate economic and social policy measures aimed to lead to wider distrbution of income and social inclusiveness. |
| first_indexed | 2024-04-13T13:13:10Z |
| format | Article |
| id | doaj.art-a385bff40b05482eb7feaa462d80864f |
| institution | Directory Open Access Journal |
| issn | 1584-2339 2285-3065 |
| language | English |
| last_indexed | 2024-04-13T13:13:10Z |
| publishDate | 2018-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-a385bff40b05482eb7feaa462d80864f2022-12-22T02:45:34ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice1584-23392285-30652018-09-0128311910.2478/sues-2018-0012The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 EconomiesNeagu Olimpia0Teodoru Mircea Constantin1”Vasile Goldiș” Western University,Arad, Romania”Vasile Goldiș” Western University,Arad, RomaniaThe paper explores the association between economic competitiveness and inclusive development in 101 economies based on data provided by the 2018 World Economic Forum reports. Coefficients of ranks correlation and cluster analysis are used in this view. The values of Competitiveness Index and of Inclusive Development Index delivered by the 2018 World Economic Forum reports are considered. Economic competitiveness and inclusive development are positively associated in our sample of 101 economies and the correlation is stronger in the emerging countries as in the group of advanced economies. Among the advanced economies the mean scores of GCI and IDI are higher than in the group of emerging countries showing a better coordination of economic and institutional factors driving competitivity as well as inclusiveness. Countries belonging to a geographical region/continent/economic group are not grouped in the same cluster, emphasizing disparities among countries at regional/continental/economic group level. In the group of emerging economies, the disparities regarding competitivity and inclusiveness are lower than those among the advanced economies, the clusters are closer to one another and they are more homogeneous. Greater competitivity and economic performance can generate socioeconomic inequity that should be corrected through appropriate economic and social policy measures aimed to lead to wider distrbution of income and social inclusiveness.https://doi.org/10.2478/sues-2018-0012economic competitivenessinclusive developmentwelfare economicscluster analysis |
| spellingShingle | Neagu Olimpia Teodoru Mircea Constantin The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice economic competitiveness inclusive development welfare economics cluster analysis |
| title | The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies |
| title_full | The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies |
| title_fullStr | The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies |
| title_full_unstemmed | The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies |
| title_short | The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies |
| title_sort | economic competitiveness and inclusive development nexus empirical evidence from 101 economies |
| topic | economic competitiveness inclusive development welfare economics cluster analysis |
| url | https://doi.org/10.2478/sues-2018-0012 |
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