The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland

The paper presents the results of an analysis of the impact of economic equilibrium, the Human Development Index, the KOF Globalization Index and the Global Competitiveness Index on the sustainable development of manufacturing enterprises and their components in France, Germany, Italy and Poland fro...

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Main Authors: Magdalena Kowalska, Anna Misztal
Format: Article
Language:English
Published: Lodz University Press 2023-09-01
Series:Comparative Economic Research
Subjects:
Online Access:https://czasopisma.uni.lodz.pl/CER/article/view/19478
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author Magdalena Kowalska
Anna Misztal
author_facet Magdalena Kowalska
Anna Misztal
author_sort Magdalena Kowalska
collection DOAJ
description The paper presents the results of an analysis of the impact of economic equilibrium, the Human Development Index, the KOF Globalization Index and the Global Competitiveness Index on the sustainable development of manufacturing enterprises and their components in France, Germany, Italy and Poland from 2008 to 2021. We use the Ordinary Least Squares (OLS) and the Seemingly Unrelated Regression methods (SUR). The results show that these external factors significantly impact an enterprise’s sustainable development. Our models also show a different strength and direction of relationships between the explained and explanatory variables. Our models confirm the need to coordinate macroeconomics and environmental policy. It is important to use effective tools of economic support, and greater pressure from European Union institutions on countries that emit harmful substances is essential.
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spelling doaj.art-a653e51611a64f4d92280f5e6bd978c52023-09-29T08:33:39ZengLodz University PressComparative Economic Research1508-20082082-67372023-09-0126310712610.18778/1508-2008.26.2319337The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and PolandMagdalena Kowalska0https://orcid.org/0000-0002-5821-0305Anna Misztal1https://orcid.org/0000-0002-7455-5290University of Lodz, Faculty of Economics and Sociology, Lodz, PolandUniversity of Lodz, Faculty of Economics and Sociology, Lodz, PolandThe paper presents the results of an analysis of the impact of economic equilibrium, the Human Development Index, the KOF Globalization Index and the Global Competitiveness Index on the sustainable development of manufacturing enterprises and their components in France, Germany, Italy and Poland from 2008 to 2021. We use the Ordinary Least Squares (OLS) and the Seemingly Unrelated Regression methods (SUR). The results show that these external factors significantly impact an enterprise’s sustainable development. Our models also show a different strength and direction of relationships between the explained and explanatory variables. Our models confirm the need to coordinate macroeconomics and environmental policy. It is important to use effective tools of economic support, and greater pressure from European Union institutions on countries that emit harmful substances is essential.https://czasopisma.uni.lodz.pl/CER/article/view/19478sustainable developmentmanufacturing enterprisesmacroeconomic stabilizationglobalizationmarket competitiveness
spellingShingle Magdalena Kowalska
Anna Misztal
The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
Comparative Economic Research
sustainable development
manufacturing enterprises
macroeconomic stabilization
globalization
market competitiveness
title The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
title_full The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
title_fullStr The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
title_full_unstemmed The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
title_short The Impact of Economic Equilibrium, Globalization, Human Development, and Market Competitiveness on the Sustainable Development of Manufacturing Enterprises – the Case of France, Germany, Italy and Poland
title_sort impact of economic equilibrium globalization human development and market competitiveness on the sustainable development of manufacturing enterprises the case of france germany italy and poland
topic sustainable development
manufacturing enterprises
macroeconomic stabilization
globalization
market competitiveness
url https://czasopisma.uni.lodz.pl/CER/article/view/19478
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